[原创][推荐]DRUID-Exchange Rate Regimes, Financial Development and ‘Creative Destruc

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今年DRUID年会中一篇研究熊彼特创新与金融的文章

http://www2.druid.dk/conferences/viewabstract.php?id=5816&cf=32

Abstract
The spirit of Schumpeterian economic development theory is ‘innovative destruction’ carried out by entrepreneurs, who must have sufficient credit for carrying out innovation. This paper portraits a two-stage model which incorporates the impacts of exchange rate volatility and domestic financial development on the fund for the firm’s innovation. By doing so, we can have an extended version of Schumpeterian development hypothesis in open economy. This paper also employs a GMM estimation of dynamic panel data model of growth, in which the interaction term of exchange rate regimes and financial development are included. The results show that there is a statistically significant correlation between the interaction term and economic growth.

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2009-4-22 06:50:00 上传

[推荐]DRUID-Exchange Rate Regimes, Financial Development and ‘Creative Destruction’

[此贴子已经被作者于2009-4-22 6:53:14编辑过]

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关键词：Development financial inancial exchange Creative financial Destruction Development Rate Creative

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看看再说，金融发展的问题我很感兴趣

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挺好的，可以学习

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