Bank of Finland study finds positive innovation channel
A Bank of Finland paper, published on Friday, shows that more efficient utilisation of technological innovations can aid financial developments and play a positive role in economic growth.
Pasi Ikonen, the paper's author, examines whether financial development affects economic growth through more efficient utilisation of technological innovations.
The hypothesis is based on the notion that the better functioning financial markets are, the higher the probability is that a high-quality
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