Firm productivity, innovation and financial development /

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Bibliographic Details
Author / Creator:Dabla-Norris, Era, author.
Imprint:[Washington, D.C.] : International Monetary Fund, ©2010.
Description:1 online resource (35 pages)
Series:IMF working paper ; WP/10/49
IMF working paper ; WP/10/49.
Subject:Technological innovations.
Technological innovations -- Finance.
Industrial productivity.
Industrial productivity.
Technological innovations.
Technological innovations -- Finance.
Electronic books.
Format: E-Resource Book
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Other authors / contributors:Kersting, Erasmus, author.
Verdier, Geneviève, 1973- author.
International Monetary Fund. Strategy, Policy, and Review Department, issuing body.
International Monetary Fund. African Department, issuing body.
Notes:"February 2010."
At head of title: Strategy, Policy and Review and African Departments.
Includes bibliographical references (pages 18-20).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2014.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
digitized 2014 HathiTrust Digital Library committed to preserve
Print version record.
Summary:How do firm-specific actions-in particular, innovation-affect firm productivity? And what is the role of the financial sector in facilitating higher productivity? Using a rich firm-level dataset, we find that innovation is crucial for firm performance as it directly and measurably increases productivity. Moreover, its effects on productivity are mediated through the financial sector; firms reap the maximum benefits from innovation in countries with well-developed financial sectors. This effect is particularly important for firms in high-tech sectors, which typically have higher external financing needs.
Other form:Print version: Dabla-Norris, Era. Firm productivity, innovation and financial development. [Washington, D.C.] : International Monetary Fund, ©2010

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