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  • The innovation [Elektronski vir] : financial development : economic growth nexus in Latin America
    Bobek, Vito ; Weitgasser, Lara ; Horvat, Tatjana, 1973-
    This research investigates the causal relationship between innovation, financial development and economic growth in Brazil, Chile, Colombia, Mexico and Peru between 2000 and 2019. Based on ... quantitative analysis, including vector autoregressive (VAR) models, it can be concluded that bidirectional Granger-causalities are present in the trivariate nexus in the five Latin American countries over the investigated times. Consequently, the three variables support forecasting and policy implications focusing on one of the three sectors that impacts the other two in the future. The paper concludes that imitation and innovation policies focusing on intellectual property rights protection, education, knowledge, institutional change and technological catch-up are necessary to foster economic growth and financial development.
    Vir: Acta oeconomica [Elektronski vir]. - ISSN 1588-2659 (Vol. 74, issue 2, 2024, str. 169-185)
    Vrsta gradiva - e-članek
    Leto - 2024
    Jezik - angleški
    COBISS.SI-ID - 199597059