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  • 标题:Promotion of Innovation and S&T: The Role of Finance
  • 本地全文:下载
  • 作者:Saeed Ahmed ; Mahmood ul Hasan Khan
  • 期刊名称:The Lahore Journal of Economics
  • 印刷版ISSN:1811-5438
  • 电子版ISSN:1811-5446
  • 出版年度:2016
  • 卷号:21
  • 期号:1Special
  • 页码:313-330
  • 出版社:Lahore School of Economics
  • 摘要:Promotion of innovation and S&T enables economies to achieve sustainable economic growth. In addition, firms engaged in medium- to high-tech production tend to gain more from innovation and are, on average, more productive compared to enterprises which are limited to low-tech systems. Innovation is, in turn, inextricably linked to the availability and nature of financing. Empirical studies in developing countries reveal that bank financing and FDI can play a vital role in this regard. This paper provides an overview of: (a) the role of financing in facilitating innovation and S&T; (b) State Bank of Pakistan's policy initiatives to make financing available, both in general, and also to specifically facilitate innovation and S&T in the country; and (c) the role of innovations in expanding access to finance in Pakistan
  • 关键词:Technological innovation; R&D; policy; banks
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