Innovation accelerates economic growth and becomes the key to success in new post-industrial paradigm. The more innovation, a country's prosperity grows. is risky costly type of activity, so it requires significant financial resources attracted from different sources by methods. Traditionally, entrepreneurial sector, which has sufficient amounts various resources, most innovatively active. At s...

Theory makes ambiguous predictions about the effects of bank market structure on access to external finance. Using a unique database for 74 countries and for firms of small, medium and large size we assess the effect of banking market structure on the access of firms to bank finance. We find that bank concentration increases financing obstacles, but only in countries with low levels of economic...