Financial development and industry diversification

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Fil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas; Argentina.

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Autores principales: Schclarek Curutchet, Alfredo, Navarrete, José Luis
Formato: conferenceObject
Lenguaje:Inglés
Publicado: Asociación Argentina de Economía Política 2021
Materias:
Vertical innovation
Horizontal innovation
Industry diversification
Financial development
Economic growth
Imperfect information
Acceso en línea:http://hdl.handle.net/11086/18349
Aporte de:
Repositorio Digital Universitario (UNC) de Universidad Nacional de Córdoba
id I10-R141-11086-18349
record_format dspace
spelling I10-R141-11086-183492024-07-08T15:25:27Z Financial development and industry diversification Schclarek Curutchet, Alfredo Navarrete, José Luis Vertical innovation Horizontal innovation Industry diversification Financial development Economic growth Imperfect information Fil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas; Argentina. Fil: Schclarek Curutchet, Alfredo. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Fil: Navarrete, José Luis. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas; Argentina. Fil: Navarrete, José Luis. Universidad Nacional de Chilecito; Argentina. This paper empirically and theoretically studies industry or sec- tor diversication as a determinant to nancial development. The empirical evidence nds evidence that there is a robust relationship between industry (or sector) diversication and nancial development. The theoretical model explains these results by modeling the endoge- nous development of the nancial system as a result of industry (or sector) diversication. An economy with more sectors (industry di- versication) imply a greater opportunity for diversifying lending risk and thus a reduction in the aggregate risk of the nancial system. This reduction in the aggregate risk of the nancial system is what de- termines nancial development. The policy implications are that the government should promote the creation of new industrial sectors by subsidizing R&D and horizontal innovation http://www.aaep.org.ar/anales/works/works2013/schclarek.pdf Fil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas; Argentina. Fil: Schclarek Curutchet, Alfredo. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Fil: Navarrete, José Luis. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas; Argentina. Fil: Navarrete, José Luis. Universidad Nacional de Chilecito; Argentina. Economía, Econometría 2021-05-19T18:24:58Z 2021-05-19T18:24:58Z 2013-11 conferenceObject 978-987-28590-1-5 http://hdl.handle.net/11086/18349 eng Atribución-NoComercial-CompartirIgual 4.0 Internacional http://creativecommons.org/licenses/by-nc-sa/4.0/ Electrónico y/o Digital Asociación Argentina de Economía Política
institution Universidad Nacional de Córdoba
institution_str I-10
repository_str R-141
collection Repositorio Digital Universitario (UNC)
language Inglés
topic Vertical innovation
Horizontal innovation
Industry diversification
Financial development
Economic growth
Imperfect information
spellingShingle Vertical innovation
Horizontal innovation
Industry diversification
Financial development
Economic growth
Imperfect information
Schclarek Curutchet, Alfredo
Navarrete, José Luis
Financial development and industry diversification
topic_facet Vertical innovation
Horizontal innovation
Industry diversification
Financial development
Economic growth
Imperfect information
description Fil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas; Argentina.
format conferenceObject
author Schclarek Curutchet, Alfredo
Navarrete, José Luis
author_facet Schclarek Curutchet, Alfredo
Navarrete, José Luis
author_sort Schclarek Curutchet, Alfredo
title Financial development and industry diversification
title_short Financial development and industry diversification
title_full Financial development and industry diversification
title_fullStr Financial development and industry diversification
title_full_unstemmed Financial development and industry diversification
title_sort financial development and industry diversification
publisher Asociación Argentina de Economía Política
publishDate 2021
url http://hdl.handle.net/11086/18349
work_keys_str_mv AT schclarekcurutchetalfredo financialdevelopmentandindustrydiversification
AT navarretejoseluis financialdevelopmentandindustrydiversification
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