Banking Credit and Innovation Technology: a Global Perspective

Angelo Leogrande, Massimo Arnone and Alberto Costantiello ()

No mnd4f, SocArXiv from Center for Open Science

Abstract: The article reviews the linkage of banking credit with technological innovation at global level underlining that access to finance is important for and innovation. The domestic credit percentage involving the private sector to GDP allows projects of high risk but with a very high reward, projects that are key in increasing productivity and global competitiveness significantly. This paper explores that dynamic in infrastructure, creative industries, and greening technologies. Indeed, findings from such studies do show positive correlations, such as between credit and infrastructure development or creative exports, suggesting the capability of systems of finance to transform. These findings indicate the positive relationships that exist in some contexts, such as reduced R&D investment. Taking into account the ecological bottom line, this research underlines ecosystem-based strategies of banking, green credit, and poised financial regulations for sustainable development. Synthesizing into this paper provides actionable insight into how policy makers, financial institutions, and researchers can tap into the synergy between the financial system and innovation.

Date: 2024-11-24
New Economics Papers: this item is included in nep-cse and nep-sbm
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Working Paper: Banking Credit and Innovation Technology: a Global Perspective (2024)
Working Paper: Banking Credit and Innovation Technology: a Global Perspective (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:mnd4f

DOI: 10.31219/osf.io/mnd4f

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