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dc.contributor.authorGorodnichenko, Yuriyen_US
dc.contributor.authorSchnitzer, Monikaen_US
dc.date.accessioned2010-03-16en_US
dc.date.accessioned2010-07-07T12:04:33Z-
dc.date.available2010-07-07T12:04:33Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/35947-
dc.description.abstractThis paper examines micro-level channels of how financial development can affect macroeconomic outcomes like the level of income and export intensity. We investigate theoretically and empirically how financial constraints affect a firm's innovation and export activities, using unique firm survey data which provides direct measures for innovations and firm-specific financial constraints. We find that financial constraints restrain the ability of domestically owned firms to innovate and export and hence to catch up to the technological frontiers. This negative effect is amplified as financial constraints force export and innovation activities to become substitutes although they are generally natural complements.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 4786en_US
dc.subject.jelO3en_US
dc.subject.jelO16en_US
dc.subject.jelF1en_US
dc.subject.jelG3en_US
dc.subject.ddc330en_US
dc.subject.keywordInnovationen_US
dc.subject.keywordproductivityen_US
dc.subject.keywordfinancial constrainten_US
dc.subject.keywordexporten_US
dc.subject.keywordtechnology frontieren_US
dc.subject.keywordBEEPSen_US
dc.subject.stwVerschuldungsrestriktionen_US
dc.subject.stwFinanzsektoren_US
dc.subject.stwEntwicklungen_US
dc.subject.stwInnovationen_US
dc.subject.stwExportindustrieen_US
dc.subject.stwTechnische Effizienzen_US
dc.subject.stwProduktivitäten_US
dc.subject.stwEntwicklungskonvergenzen_US
dc.subject.stwTheorieen_US
dc.subject.stwEntwicklungsländeren_US
dc.titleFinancial constraints and innovation: why poor countries don't catch upen_US
dc.typeWorking Paperen_US
dc.identifier.ppn621196304en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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