Financial development and industry diversification
Fil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas; Argentina.
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| Format: | conferenceObject |
| Language: | eng |
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Asociación Argentina de Economía Política
2021
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| Online Access: | http://hdl.handle.net/11086/18349 |
| _version_ | 1806012424743026688 |
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| author | Schclarek Curutchet, Alfredo Navarrete, José Luis |
| author_facet | Schclarek Curutchet, Alfredo Navarrete, José Luis |
| author_sort | Schclarek Curutchet, Alfredo |
| collection | Repositorio Digital Universitario |
| description | Fil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas; Argentina. |
| format | conferenceObject |
| id | rdu-unc.18349 |
| institution | Universidad Nacional de Cordoba |
| language | eng |
| publishDate | 2021 |
| publisher | Asociación Argentina de Economía Política |
| record_format | dspace |
| spelling | rdu-unc.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 |
| spellingShingle | Vertical innovation Horizontal innovation Industry diversification Financial development Economic growth Imperfect information Schclarek Curutchet, Alfredo Navarrete, José Luis Financial development and industry diversification |
| title | 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_short | Financial development and industry diversification |
| title_sort | financial development and industry diversification |
| topic | Vertical innovation Horizontal innovation Industry diversification Financial development Economic growth Imperfect information |
| url | http://hdl.handle.net/11086/18349 |
| work_keys_str_mv | AT schclarekcurutchetalfredo financialdevelopmentandindustrydiversification AT navarretejoseluis financialdevelopmentandindustrydiversification |