Séminaire interne GREDEG - Edward Lorenz et Sophie Pommet

"Innovation, Credit Constraints, and National Banking Systems: A Comparison of Developing Nations"
Quand ? Le 08-06-2017,
de 11:00 à 12:00
Où ? GREDEG - Salle Picasso
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Séminaire interne GREDEG - Edward Lorenz et Sophie Pommet


Titre : "Innovation, Credit Constraints, and National Banking Systems: A Comparison of Developing Nations"

 

Abstract: In that paper, we seek to extend exiting micro-level studies on the financing decisions of enterprises in developing countries by explicitly connecting these decisions to firms’ innovation outcomes and to the wider institutional framework formed by the national banking system. Indeed, the national banking system is recognized as being central to the ability of developing-country firms to acquire the resources and develop the capabilities needed for innovation. We investigate the links between innovation and financial system characteristics for a sample of 36 developing nations spread across 5 regions of the world: Sub-Saharan Africa, the Middle East and North Africa, East Asia and Pacific, South Asia and Central Asia. Our results show that credit constraints have a significant negative impact on innovation and that the characteristics of the national banking system indirectly affect innovation through their impact on the likelihood that firms face these financing constraints.

 

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