Москва, г. Москва и Московская область, Россия
Данное исследование основано на постулатах калецкианско–посткейнсианской макроэкономической концепции и главной целью является исследование динамического влияния инноваций на ключевые макроэкономические переменные в контексте развития фондового рынка малого и среднего бизнеса в странах Азиатских Тигров (Гонконге, Сингапуре, Таиланде и Малайзии). Для эмпирического анализа были использованы модель векторной коррекции ошибок и функция импульсного отклика. Полученные в результате эмпирического анализа данные свидетельствуют о том, что развитие инноваций, стимулируемые ростом фондового рынка малого и среднего бизнеса, оказывают небольшое, но положительное влияние на краткосрочную экономическую динамику. Автором обнаружено, что развитие фондового рынка малого и среднего бизнеса способствует экономическому росту за счет сочетания роста частных инвестиций, сбережений и производительности только лишь в Гонконге, Сингапуре и Таиланде. В отличие от фактора фондового рынка, инновации способствуют экономическому росту за счет сочетания этих факторов и увеличения занятости во всех четырех странах.
инновации, макроэкономические показатели, экономический рост, финансовые факторы.
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