Financial development and industry diversification

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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...

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Autores principales:	Schclarek Curutchet, Alfredo, Navarrete, José Luis
Formato:	conferenceObject
Lenguaje:	Inglés
Publicado:	Asociación Argentina de Economía Política 2021
Materias:	Vertical innovation Horizontal innovation Industry diversification Financial development Economic growth Imperfect information
Acceso en línea:	http://hdl.handle.net/11086/18349
Aporte de:	Repositorio Digital Universitario (UNC) de Universidad Nacional de Córdoba

id	I10-R14111086-18349
record_format	dspace
institution	Universidad Nacional de Córdoba
institution_str	I-10
repository_str	R-141
collection	Repositorio Digital Universitario (UNC)
language	Inglés
topic	Vertical innovation Horizontal innovation Industry diversification Financial development Economic growth Imperfect information
spellingShingle	Vertical innovation Horizontal innovation Industry diversification Financial development Economic growth Imperfect information Schclarek Curutchet, Alfredo Navarrete, José Luis Financial development and industry diversification
topic_facet	Vertical innovation Horizontal innovation Industry diversification Financial development Economic growth Imperfect information
description	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
format	conferenceObject
author	Schclarek Curutchet, Alfredo Navarrete, José Luis
author_facet	Schclarek Curutchet, Alfredo Navarrete, José Luis
author_sort	Schclarek Curutchet, Alfredo
title	Financial development and industry diversification
title_short	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_sort	financial development and industry diversification
publisher	Asociación Argentina de Economía Política
publishDate	2021
url	http://hdl.handle.net/11086/18349
work_keys_str_mv	AT schclarekcurutchetalfredo financialdevelopmentandindustrydiversification AT navarretejoseluis financialdevelopmentandindustrydiversification
bdutipo_str	Repositorios
_version_	1764820394119790592

Financial development and industry diversification

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