Does financial development drive innovation? A two-step system generalized method of moments approach

• Main Authors: Ng, Michaela Wencee S., Wang, Jiajia, Xu, Binbin, Zheng, Sharleen Lu
• Format: text
• Language: English
• Published: Animo Repository 2022
• Subjects: Financial engineering; Technological innovations; Finance and Financial Management; Growth and Development
• Online Access: https://animorepository.dlsu.edu.ph/etdb_econ/44; https://animorepository.dlsu.edu.ph/cgi/viewcontent.cgi?article=1046&context=etdb_econ
• Institution: De La Salle University

With the promising benefits that innovation brings to an economy, it is not surprising that countries are looking for ways to increase innovation activities. When previous studies looked at the ability of financial development to spur innovation in the private sector, the results were inconsistent,...