Publication
9 Aug 2012
Should inputs such as bank finance affect innovation in BRICS vs. developed countries similarly? This report shows how innovation (measured patents, scientific publications and high-tech sectoral output) responds favorably to private-sector R&D. It finds no significant differences for the BRICS countries. Differences, however, do emerge between BRICS and non-BRICS in the elasticity of innovative efficiency to banking inputs.
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English (PDF, 24 pages, 775 KB) |
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Author | Yuezhou Cai, Aoife Hanley |
Series | Kiel Institute Working Papers |
Issue | 1788 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2012 Kiel Institute for the World Economy |