UNEQUAL FLOW OF THE FINANCIAL SYSTEM AND INNOVATIVE: AN ANALYSIS OF INEQUALITY BETWEEN RICH AND POOR COUNTRIES
Autor(a) principal: | |
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Data de Publicação: | 2014 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Análise Econômica (Online) |
Texto Completo: | https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/34568 |
Resumo: | This paper aimed to identify the relationship between the financial system and the innovation system, and fill a gap in the literature that there is financing of technological progress. From empirical analysis panel for two groups of countries (highest and lowest GDP per capita), in the period between 1980 and 2010, there was the existence of a relationship of causality between the financial variable and technological variable, in case of developed countries. Already, for peripheral countries, there is a lack of long-term causality between the financial system and the technological. It is concluded that there is need to adopt policies to encourage the development of both the domestic financial system as the national system of innovation in poorer economies, aiming to raise its growth rate on a sustained basis. |
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UNEQUAL FLOW OF THE FINANCIAL SYSTEM AND INNOVATIVE: AN ANALYSIS OF INEQUALITY BETWEEN RICH AND POOR COUNTRIESFLUXOS DESIGUAIS DO SISTEMA FINANCEIRO E INOVATIVO: UMA ANÁLISE DAS ASSIMETRIAS ENTRE PAÍSES RICOS E POBRESSistema nacional de inovação. Sistema financeiro. Causalidade.O16O31O57.National innovation system. Financial system. Causality.O16O31O57.This paper aimed to identify the relationship between the financial system and the innovation system, and fill a gap in the literature that there is financing of technological progress. From empirical analysis panel for two groups of countries (highest and lowest GDP per capita), in the period between 1980 and 2010, there was the existence of a relationship of causality between the financial variable and technological variable, in case of developed countries. Already, for peripheral countries, there is a lack of long-term causality between the financial system and the technological. It is concluded that there is need to adopt policies to encourage the development of both the domestic financial system as the national system of innovation in poorer economies, aiming to raise its growth rate on a sustained basis.Este artigo objetiva identificar a relação entre o sistema financeiro e o sistema de inovação e preencher uma lacuna que há na literatura sobre financiamento do progresso tecnológico. A partir de uma análise empírica em painel para dois grupos de países (de maiores e menores PIB per capita), no período entre 1980 e 2010, verifica-se a existência de uma relação de causalidade entre a variável financeira e a variável tecnológica para o caso dos países desenvolvidos. Já para os países menos desenvolvidos observa-se a ausência de causalidade de longo prazo entre o sistema financeiro e o tecnológico. Conclui-se que há necessidade de adoção de políticas de estímulo ao desenvolvimento tanto do sistema financeiro doméstico quanto do sistema nacional de inovação nas economias mais pobres, visando elevar sua taxa de crescimento de maneira sustentada.UFRGS2014-09-02info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/3456810.22456/2176-5456.34568Análise Econômica; Vol. 32 No. 62 (2014): setembro de 2014Análise Econômica; v. 32 n. 62 (2014): setembro de 20142176-54560102-9924reponame:Análise Econômica (Online)instname:Universidade Federal do Rio Grande do Sul (UFRGS)instacron:UFRGSporhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/34568/31293Copyright (c) 2019 Análise Econômicainfo:eu-repo/semantics/openAccessAlves, Frederick FagundesToyoshima, Silvia HarumiTorres, Daniela Almeida Raposo2014-09-15T19:00:27Zoai:seer.ufrgs.br:article/34568Revistahttps://seer.ufrgs.br/index.php/AnaliseEconomicaPUBhttps://seer.ufrgs.br/index.php/AnaliseEconomica/oai||rae@ufrgs.br2176-54560102-9924opendoar:2014-09-15T19:00:27Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)false |
dc.title.none.fl_str_mv |
UNEQUAL FLOW OF THE FINANCIAL SYSTEM AND INNOVATIVE: AN ANALYSIS OF INEQUALITY BETWEEN RICH AND POOR COUNTRIES FLUXOS DESIGUAIS DO SISTEMA FINANCEIRO E INOVATIVO: UMA ANÁLISE DAS ASSIMETRIAS ENTRE PAÍSES RICOS E POBRES |
title |
UNEQUAL FLOW OF THE FINANCIAL SYSTEM AND INNOVATIVE: AN ANALYSIS OF INEQUALITY BETWEEN RICH AND POOR COUNTRIES |
spellingShingle |
UNEQUAL FLOW OF THE FINANCIAL SYSTEM AND INNOVATIVE: AN ANALYSIS OF INEQUALITY BETWEEN RICH AND POOR COUNTRIES Alves, Frederick Fagundes Sistema nacional de inovação. Sistema financeiro. Causalidade. O16 O31 O57. National innovation system. Financial system. Causality. O16 O31 O57. |
title_short |
UNEQUAL FLOW OF THE FINANCIAL SYSTEM AND INNOVATIVE: AN ANALYSIS OF INEQUALITY BETWEEN RICH AND POOR COUNTRIES |
title_full |
UNEQUAL FLOW OF THE FINANCIAL SYSTEM AND INNOVATIVE: AN ANALYSIS OF INEQUALITY BETWEEN RICH AND POOR COUNTRIES |
title_fullStr |
UNEQUAL FLOW OF THE FINANCIAL SYSTEM AND INNOVATIVE: AN ANALYSIS OF INEQUALITY BETWEEN RICH AND POOR COUNTRIES |
title_full_unstemmed |
UNEQUAL FLOW OF THE FINANCIAL SYSTEM AND INNOVATIVE: AN ANALYSIS OF INEQUALITY BETWEEN RICH AND POOR COUNTRIES |
title_sort |
UNEQUAL FLOW OF THE FINANCIAL SYSTEM AND INNOVATIVE: AN ANALYSIS OF INEQUALITY BETWEEN RICH AND POOR COUNTRIES |
author |
Alves, Frederick Fagundes |
author_facet |
Alves, Frederick Fagundes Toyoshima, Silvia Harumi Torres, Daniela Almeida Raposo |
author_role |
author |
author2 |
Toyoshima, Silvia Harumi Torres, Daniela Almeida Raposo |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Alves, Frederick Fagundes Toyoshima, Silvia Harumi Torres, Daniela Almeida Raposo |
dc.subject.por.fl_str_mv |
Sistema nacional de inovação. Sistema financeiro. Causalidade. O16 O31 O57. National innovation system. Financial system. Causality. O16 O31 O57. |
topic |
Sistema nacional de inovação. Sistema financeiro. Causalidade. O16 O31 O57. National innovation system. Financial system. Causality. O16 O31 O57. |
description |
This paper aimed to identify the relationship between the financial system and the innovation system, and fill a gap in the literature that there is financing of technological progress. From empirical analysis panel for two groups of countries (highest and lowest GDP per capita), in the period between 1980 and 2010, there was the existence of a relationship of causality between the financial variable and technological variable, in case of developed countries. Already, for peripheral countries, there is a lack of long-term causality between the financial system and the technological. It is concluded that there is need to adopt policies to encourage the development of both the domestic financial system as the national system of innovation in poorer economies, aiming to raise its growth rate on a sustained basis. |
publishDate |
2014 |
dc.date.none.fl_str_mv |
2014-09-02 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/34568 10.22456/2176-5456.34568 |
url |
https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/34568 |
identifier_str_mv |
10.22456/2176-5456.34568 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/34568/31293 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2019 Análise Econômica info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2019 Análise Econômica |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
UFRGS |
publisher.none.fl_str_mv |
UFRGS |
dc.source.none.fl_str_mv |
Análise Econômica; Vol. 32 No. 62 (2014): setembro de 2014 Análise Econômica; v. 32 n. 62 (2014): setembro de 2014 2176-5456 0102-9924 reponame:Análise Econômica (Online) instname:Universidade Federal do Rio Grande do Sul (UFRGS) instacron:UFRGS |
instname_str |
Universidade Federal do Rio Grande do Sul (UFRGS) |
instacron_str |
UFRGS |
institution |
UFRGS |
reponame_str |
Análise Econômica (Online) |
collection |
Análise Econômica (Online) |
repository.name.fl_str_mv |
Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS) |
repository.mail.fl_str_mv |
||rae@ufrgs.br |
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1799766267402387456 |