Innovation, Information and Financial Architecture
dc.contributor.author | Tadesse, Solomon | en_US |
dc.date.accessioned | 2007-10-25T20:19:27Z | |
dc.date.available | 2007-10-25T20:19:27Z | |
dc.date.issued | 2007-06-01 | en_US |
dc.identifier.other | RePEc:wdi:papers:2007-877 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/57257 | en_US |
dc.description.abstract | Does a financial system architecture anchored on banks better than one centered on markets in fostering technological innovations as engine of growth? In a panel of industrial sectors across a large cross section of countries, I find that while market-based systems have a general positive effect on innovations in all economic sectors, bank-based systems foster more rapid technological progress in more information intensive industrial sectors, suggesting a heterogeneous impact of financial architecture. Thus, the relative performance of bank-based systems vis-à-vis market-based systems depends on the industrial structure of the economy. | en_US |
dc.format.extent | 666960 bytes | |
dc.format.extent | 1802 bytes | |
dc.format.mimetype | application/pdf | |
dc.format.mimetype | text/plain | |
dc.relation.ispartofseries | 877 | en_US |
dc.subject | Technological Progress, Innovation, Intangible Assets, Financial System Architecture, Bank-Based System, Market-Based System | en_US |
dc.subject.other | G1, G21, G32, E44, O14, O31, O34, O4 | en_US |
dc.title | Innovation, Information and Financial Architecture | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.contributor.affiliationum | William Davidson Institute | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/57257/1/wp877 .pdf | en_US |
dc.owningcollname | William Davidson Institute (WDI) - Working Papers |
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