November 21, 2025Competitiveness Review An International Business Journal incorporating Journal of Global Competitiveness

Does financial development contribute to the nonlinear relationship between innovation and export diversification?

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Authors

KSKiumars Shahbazi

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Implication

Assessment demonstrates innovation impacts export diversification in varying financial development stages, suggesting tailored policies are essential.

Key Points

Financial development mediates the connection between innovation and export diversification, highlighting its critical threshold.
Results indicate that lower financial development levels lead to a decrease in export diversification despite innovation growth.
The approach involves a panel smooth transition regression model to analyze nonlinear effects across financial development regimes.
Findings advocate for targeted policies at different financial development stages to foster innovation and enhance export outcomes.

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Kiumars Shahbazi (2025) studied this question.

synapsesocial.com/papers/6924e405c0ce034ddc34f79a https://doi.org/10.1108/cr-04-2024-0074

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Implication

Assessment demonstrates innovation impacts export diversification in varying financial development stages, suggesting tailored policies are essential.

Does financial development contribute to the nonlinear relationship between innovation and export diversification?

Discussion

Member takes

Implication

Key Points

Cite This Study

Does financial development contribute to the nonlinear relationship between innovation and export diversification?

Discussion

Member takes

Implication

Key Points

Cite This Study

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Also Consider