Innovation and credit market deepening: Evidence from Russian region
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F04130081%3A_____%2F23%3AN0000024" target="_blank" >RIV/04130081:_____/23:N0000024 - isvavai.cz</a>
Výsledek na webu
<a href="https://www.sciencedirect.com/science/article/pii/S2444569X23000872?via%3Dihub" target="_blank" >https://www.sciencedirect.com/science/article/pii/S2444569X23000872?via%3Dihub</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.jik.2023.100391" target="_blank" >10.1016/j.jik.2023.100391</a>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Innovation and credit market deepening: Evidence from Russian region
Popis výsledku v původním jazyce
We investigate the impact of credit market deepening on innovation, considering the role of investment risk and investment potential in the context of Russian regions, analysing the panel time series data extracted from the Federal Statistics Department of the Russian Federation and using the method of moments quantile regression. Our baseline findings demonstrate that credit market development spurs innovation in the sample regions in all quantiles (q10–q90), and the credit market has a positive impact on innovation, regardless of whether investment risk is lower or higher. In addition, we reveal a U-shaped relationship between innovation and regional economic growth in Russian regions. We also observe reductions in imports and exports and a boosting effect of increased employment on innovation. We propose several potential policy measures and practical conclusions based on our findings.
Název v anglickém jazyce
Innovation and credit market deepening: Evidence from Russian region
Popis výsledku anglicky
We investigate the impact of credit market deepening on innovation, considering the role of investment risk and investment potential in the context of Russian regions, analysing the panel time series data extracted from the Federal Statistics Department of the Russian Federation and using the method of moments quantile regression. Our baseline findings demonstrate that credit market development spurs innovation in the sample regions in all quantiles (q10–q90), and the credit market has a positive impact on innovation, regardless of whether investment risk is lower or higher. In addition, we reveal a U-shaped relationship between innovation and regional economic growth in Russian regions. We also observe reductions in imports and exports and a boosting effect of increased employment on innovation. We propose several potential policy measures and practical conclusions based on our findings.
Klasifikace
Druh
J<sub>imp</sub> - Článek v periodiku v databázi Web of Science
CEP obor
—
OECD FORD obor
50204 - Business and management
Návaznosti výsledku
Projekt
—
Návaznosti
N - Vyzkumna aktivita podporovana z neverejnych zdroju
Ostatní
Rok uplatnění
2023
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název periodika
JOURNAL OF INNOVATION & KNOWLEDGE
ISSN
2530-7614
e-ISSN
2444-569X
Svazek periodika
8(3)
Číslo periodika v rámci svazku
100391
Stát vydavatele periodika
ES - Španělské království
Počet stran výsledku
12
Strana od-do
1-12
Kód UT WoS článku
001092343100001
EID výsledku v databázi Scopus
2-s2.0-85161624725