Financial development and industry diversification

Autores
Schclarek Curutchet, Alfredo; Navarrete, José Luis
Año de publicación
2013
Idioma
inglés
Tipo de recurso
documento de conferencia
Estado
versión publicada
Descripción
Fil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas; Argentina.
Fil: Schclarek Curutchet, Alfredo. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina.
Fil: Navarrete, José Luis. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas; Argentina.
Fil: Navarrete, José Luis. Universidad Nacional de Chilecito; Argentina.
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
http://www.aaep.org.ar/anales/works/works2013/schclarek.pdf
Fil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas; Argentina.
Fil: Schclarek Curutchet, Alfredo. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina.
Fil: Navarrete, José Luis. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas; Argentina.
Fil: Navarrete, José Luis. Universidad Nacional de Chilecito; Argentina.
Economía, Econometría
Materia
Vertical innovation
Horizontal innovation
Industry diversification
Financial development
Economic growth
Imperfect information
Nivel de accesibilidad
acceso abierto
Condiciones de uso
Repositorio
Repositorio Digital Universitario (UNC)
Institución
Universidad Nacional de Córdoba
OAI Identificador
oai:rdu.unc.edu.ar:11086/18349
Acceder
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oai_identifier_str oai:rdu.unc.edu.ar:11086/18349
network_acronym_str RDUUNC
repository_id_str 2572
network_name_str Repositorio Digital Universitario (UNC)
spelling Financial development and industry diversificationSchclarek Curutchet, AlfredoNavarrete, José LuisVertical innovationHorizontal innovationIndustry diversificationFinancial developmentEconomic growthImperfect informationFil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas; Argentina.Fil: Schclarek Curutchet, Alfredo. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina.Fil: Navarrete, José Luis. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas; Argentina.Fil: Navarrete, José Luis. Universidad Nacional de Chilecito; Argentina.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 innovationhttp://www.aaep.org.ar/anales/works/works2013/schclarek.pdfFil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas; Argentina.Fil: Schclarek Curutchet, Alfredo. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina.Fil: Navarrete, José Luis. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas; Argentina.Fil: Navarrete, José Luis. Universidad Nacional de Chilecito; Argentina.Economía, EconometríaAsociación Argentina de Economía Política2013-11info:eu-repo/semantics/conferenceObjectinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_5794info:ar-repo/semantics/documentoDeConferenciaapplication/pdf978-987-28590-1-5http://hdl.handle.net/11086/18349enginfo:eu-repo/semantics/openAccessreponame:Repositorio Digital Universitario (UNC)instname:Universidad Nacional de Córdobainstacron:UNC2025-09-18T10:09:52Zoai:rdu.unc.edu.ar:11086/18349Institucionalhttps://rdu.unc.edu.ar/Universidad públicaNo correspondehttp://rdu.unc.edu.ar/oai/snrdoca.unc@gmail.comArgentinaNo correspondeNo correspondeNo correspondeopendoar:25722025-09-18 10:09:53.197Repositorio Digital Universitario (UNC) - Universidad Nacional de Córdobafalse
dc.title.none.fl_str_mv Financial development and industry diversification
title Financial development and industry diversification
spellingShingle Financial development and industry diversification
Schclarek Curutchet, Alfredo
Vertical innovation
Horizontal innovation
Industry diversification
Financial development
Economic growth
Imperfect information
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
dc.creator.none.fl_str_mv Schclarek Curutchet, Alfredo
Navarrete, José Luis
author Schclarek Curutchet, Alfredo
author_facet Schclarek Curutchet, Alfredo
Navarrete, José Luis
author_role author
author2 Navarrete, José Luis
author2_role author
dc.subject.none.fl_str_mv Vertical innovation
Horizontal innovation
Industry diversification
Financial development
Economic growth
Imperfect information
topic Vertical innovation
Horizontal innovation
Industry diversification
Financial development
Economic growth
Imperfect information
dc.description.none.fl_txt_mv Fil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas; Argentina.
Fil: Schclarek Curutchet, Alfredo. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina.
Fil: Navarrete, José Luis. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas; Argentina.
Fil: Navarrete, José Luis. Universidad Nacional de Chilecito; Argentina.
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
http://www.aaep.org.ar/anales/works/works2013/schclarek.pdf
Fil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas; Argentina.
Fil: Schclarek Curutchet, Alfredo. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina.
Fil: Navarrete, José Luis. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas; Argentina.
Fil: Navarrete, José Luis. Universidad Nacional de Chilecito; Argentina.
Economía, Econometría
description Fil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas; Argentina.
publishDate 2013
dc.date.none.fl_str_mv 2013-11
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dc.identifier.none.fl_str_mv 978-987-28590-1-5
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eu_rights_str_mv openAccess
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dc.publisher.none.fl_str_mv Asociación Argentina de Economía Política
publisher.none.fl_str_mv Asociación Argentina de Economía Política
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repository.mail.fl_str_mv oca.unc@gmail.com
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