Autor:	Masino, S.
Rok vydání:	2015
DOI:	10.1111/rode.12127
Popis:	This study investigates the channels through which macroeconomic and institutional instability hinders innovative investment undertakings financed by the domestic private sector. The analysis is based on a sample of 44 countries and considers various instability dimensions. The results suggest a negative impact of real, monetary and political instability on the aggregate level of R&D financed by the business sector. Thus, highlighting the importance of stable macro‐institutional environments in preventing avoidance or abandonment of private innovation undertakings.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=core_ac_uk__::e001fdde4f6f4df3dffaa962df9c68c6 https://doi.org/10.1111/rode.12127 Zobrazit plný text záznamu