Trade, R&D spending and financial development
AbstractThis paper assesses the importance of financial development and R&D spending for exports using both a theoretical model and econometric testing. It is shown that financial development and R&D expenditures are positively related to exports and the balance of manufactured goods. The results suggest that countries that want to increase their exports should invest more in R&D activities and increase the priority of their financial reforms.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Financial Economics.
Volume (Year): 15 (2005)
Issue (Month): 11 ()
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Web page: http://www.tandfonline.com/RAFE20
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