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The Finance of Innovative Investment in Emerging Economies

In: The Rise of Technological Power in the South

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  • Jörg Mayer

Abstract

A sustained rise in living standards can be achieved only through continuous productivity growth. This presupposes high rates of investment in physical infrastructure, plant and equipment, as well as in more intangible elements, such as education and R&D. For private investment to take place, firms not only need an incentive in terms of expected future profits, they also need to have access to reliable, adequate and cost-effective sources for financing their investment.

Suggested Citation

  • Jörg Mayer, 2010. "The Finance of Innovative Investment in Emerging Economies," Palgrave Macmillan Books, in: Xiaolan Fu & Luc Soete (ed.), The Rise of Technological Power in the South, chapter 7, pages 147-169, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-27612-3_8
    DOI: 10.1057/9780230276123_8
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    Cited by:

    1. Fang Wang & Xiaoyong Dai, 2020. "Regulation and product innovation: the intermediate role of resource reallocation," Journal of Evolutionary Economics, Springer, vol. 30(4), pages 1035-1061, September.

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