BOISE, Idaho, Oct. 13 -- Boise State University issued the following news release:
Nasir Hossein Dad, assistant professor in Economics, had his paper, "Financial frictions, systematic distortions and innovation," published in the Journal of Macroeconomics.
The paper examines how access to financial markets and government policies influence businesses' decisions to invest and innovate, and how these decisions shape productivity across the economy. Using data on businesses and countries across the world, Hossein Dad found that nations with deeper stock markets tend to be more productive, invest more in research and development, have larger businesses, and are less likely to have policies that hold back their most productive companies.
He t...