Name
Abstract | ||
|---|---|---|
Recently, there have been some papers focusing on the effect of institution on economic growth and development (Acemoglu, 2009). As an important component of institutions, how the financial imperfection induced by investment protection influence the economic growth, especially, the technological change? We find that, financial imperfection caused by fragile investment protection will change the fraction of retained profits which the firms can acquire; therefore, this will have a negative effect on value of new technology and impede the endogenous technological change in the economy. © 2011 IEEE. |
Year | DOI | Venue |
|---|---|---|
2011 | 10.1109/EMEIT.2011.6023920 | EMEIT |
Keywords | DocType | Volume |
endogenous technological change,financial imperfection,investment protection,economic growth,profitability,technological change | Conference | 8 |
Issue | ISSN | Citations |
null | null | 0 |
PageRank | References | Authors |
0.34 | 0 | 2 |