Econometric Analysis of the Impact of Financial Structure on Innovation Based on the Fixed Effects Panel Model

• Published in: Mathematical problems in engineering Vol. 2021; pp. 1 - 19
• Main Authors: Wang, Cheng-Ben, Huang, Zhigang
• Format: Journal Article
• Language: English
• Published: New York Hindawi 18.11.2021; Hindawi Limited
• Subjects: Banking industry; Banks; Capital markets; Cost control; Decision theory; Econometrics; Economic analysis; Economic development; Economic growth; Economics; Empirical analysis; Engineering; Evolution; Financial institutions; Financial services; Growth rate; Impact analysis; Industrialized nations; Innovations; Investments; Liberalization; Moral hazard; Per capita; Reforms; Securities markets; Stock exchanges; Subsidies; Sustainable development; Beijing China; United Kingdom > UK; United States > US; China; Japan; Germany

This study addresses the impact of financial structure on innovation. The mechanism of the impact of financial structure on innovation at different levels of economic development is elucidated from the perspective of optimal financial structure decision theory and development economics, and empirica...