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)
Language:	English
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
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12503364

Hidden Bibliographic Details
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.
ISBN:	1283567768 9781283567763 9781452748030 1452748039
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. http://purl.oclc.org/DLF/benchrepro0212 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

Table of Contents:

Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Total Factor Productivity, Innovation and Financial Development; A. Financial Development and Economic Growth; B. Financial Development, Innovation and TFP; III. Explaining and estimating Firm Productivity; IV. Data and methodology; A. Data and Summary Statistics; 1. Sample of Countries; 2. Summary Statistics; 3. Distribution of Firms; 4. Correlation Matrix; B. Baseline Specification; C. Results; Baseline regressions; 5. Baseline Regression; Impact of business climate; 6. Business Climate; Controlling for endogeneity.
7. Baseline Regression with Aggregated InnovationInnovation and financial development; 8. Financial Development and Innovation: Interaction Effects; 9. Productivity, Innovation, and Financial Development: High Tech and Low Tech Industries; Measuring productivity; 10. Baseline Regression-TFP; 11. Financial Development and Innovation: Interaction Effects
TFP Measure; D. Robustness; 12. Robustness Tests; V. Conclusion; 1. Data Variables and Sources; References; Footnotes.

Firm productivity, innovation and financial development /

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