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  • 标题:Innovativeness of Banks as a Driver of Social Welfare
  • 本地全文:下载
  • 作者:Beata Ciałowicz ; Andrzej Malawski
  • 期刊名称:Central European Journal of Economic Modelling and Econometrics
  • 印刷版ISSN:2080-0886
  • 电子版ISSN:2080-119X
  • 出版年度:2017
  • 期号:2
  • 页码:97-113
  • 语种:English
  • 出版社:Polska Akademia Nauk
  • 摘要:The general aim of the paper is to indicate the key role played by banks inSchumpeterian innovative evolution. It includes formal modelling of innovativeevolution of financial subsystem of an economy which goes beyond routinebehavior of banks deprived of innovative, financial strategies. Moreover thispaper studies an impact of innovations in financial sphere of modified Debreumonetary economy on its real sector and, specifically, on social welfare. Thus thepaper main aims are to prove that pro-innovative banks may intensify innovativeevolution and to specify the sufficient conditions to guarantee the preservation ofthe rules of circular flow for a consumption sector within the innovative changesin banks behavior.
  • 关键词:financial innovations;Arrow-Debreu model;Schumpeterian approach
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