Trade, R&D spending and financial development
This 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.
Volume (Year): 15 (2005)
Issue (Month): 11 ()
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References listed on IDEAS
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- Kletzer, Kenneth & Bardhan, Pranab, 1987.
"Credit markets and patterns of international trade,"
Journal of Development Economics,
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- Kletzer, Kenneth & Bardhan, Pranab, 1986. "Credit Markets and Patterns of International Trade," Department of Economics, Working Paper Series qt1g36f3sd, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
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