Technological innovation is a key determinant of economic growth, and my dissertation is to understand the links between the investment of technological innovation and financial markets, with a focus on how the macroeconomic environment interacts with and is influenced by the financial constraints facing firms. Chapter one investigates the links...
This dissertation explores two factors that affect innovation. The first factor studied is extrinsic, namely, the legal environment. The second factor is a factor of input into innovation - culture of the inventors. The first chapter studies the impact of a weakened patent environment on research investments. Departing from the...