On the nexus of innovation, trade openness, financial development and economic growth in European countries: New perspective from a GMM panel VAR approach

Kais Mtar, Walid Belazreg · 2021 · International Journal of Finance & Economics

Summary. This study analyzes relationships between innovation, trade openness, financial development, and economic growth across 11 European countries from 2001 to 2016. The research finds that economic growth drives financial development, and trade drives growth, but innovation and trade both show negative relationships with growth. The authors recommend stronger financial regulation, country-specific innovation policies, improved institutional quality, and targeted incentives for local companies to maximize benefits from trade openness.

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@article{mtar-2021-nexus-innovation-trade-openness-financial,
  title   = {On the nexus of innovation, trade openness, financial development and economic growth in European countries: New perspective from a GMM panel VAR approach},
  author  = {Kais Mtar and Walid Belazreg},
  journal = {International Journal of Finance & Economics},
  year    = {2021},
  doi     = {10.1002/ijfe.2449},
  url     = {https://doi.org/10.1002/ijfe.2449}
}

TY  - JOUR
TI  - On the nexus of innovation, trade openness, financial development and economic growth in European countries: New perspective from a GMM panel VAR approach
AU  - Kais Mtar
AU  - Walid Belazreg
JO  - International Journal of Finance & Economics
PY  - 2021
DO  - 10.1002/ijfe.2449
UR  - https://doi.org/10.1002/ijfe.2449
ER  - 

Details

DOI

10.1002/ijfe.2449

Countries

Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Spain, Sweden, United Kingdom

Regions

Europe

Categories

policy, innovation-theory, regional-innovation-systems, general-innovation

Added

2026-04-28