Trade, R&D spending and financial development
Journal
Applied Financial Economics
Journal Volume
15
Journal Issue
11
Pages
809-819
Date Issued
2005
Author(s)
Abstract
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.
SDGs
Type
journal article