Computer Science
4 years ago

Financial sector reforms in India spark economic growth through innovative activity.

RePEc: Research Papers in Economics
Do Financial Sector Policies Promote Innovative Activity in Developing Countries? Evidence from India
James Ang

Paper Summary

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Financial sector policies in India impact innovative activity. Interest rate restrictions boost knowledge creation, while high reserve and credit controls hinder it. Reforms in the financial sector could help stimulate economic growth by increasing innovative activity.