Title :
Notice of Retraction
Investment protection, financial imperfection and endogenous technological change
Author :
Zuwei Yu ; Tang Li
Author_Institution :
Dept. of Int. Trade, Zhejiang Univ., Ningbo, China
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Recently, there have been some papers focusing on the effect of institution on economic growth and development (Acemoglu, 2009). As an important component of institutions, how the financial imperfection induced by investment protection influence the economic growth, especially, the technological change? We find that, financial imperfection caused by fragile investment protection will change the fraction of retained profits which the firms can acquire; therefore, this will have a negative effect on value of new technology and impede the endogenous technological change in the economy.
Keywords :
financial management; investment; economic development; economic growth; endogenous technological change; financial imperfection; fragile investment protection; investment protection; negative effect; retained profit; Economics; Equations; Friction; Investments; Mathematical model; Production; Technological innovation; Endogenous Technological Change; Financial Imperfection; Investment Protection;
Conference_Titel :
Electronic and Mechanical Engineering and Information Technology (EMEIT), 2011 International Conference on
Conference_Location :
Harbin, Heilongjiang
Print_ISBN :
978-1-61284-087-1
DOI :
10.1109/EMEIT.2011.6023920
