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intermediary channels of depth, efficiency, activity and size. The findings show that legal origin matters in the finance …
Persistent link: https://www.econbiz.de/10011410386
We develop a stylized model of economic growth with bubbles. In this model, financial frictions leadto equilibrium dispersion in the rates of return to investment. During bubbly episodes, unproductiveinvestors demand bubbles while productive investors supply them. Because of this, bubbly...
Persistent link: https://www.econbiz.de/10005870349
The Ali (2013, EB) findings on the nexuses among institutions, finance and investment could have an important influence … finance and institutions because they are less realistic to developing countries to which the resulting policy implications … substitution of institutions and finance in investment. Results under many baseline and augmented scenarios are not consistent with …
Persistent link: https://www.econbiz.de/10011409784
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A large body of evidence suggests that poor countries tend to invest less (have lower PPP - adjusted investment rates) and to face higher relative prices of investment goods. It has been suggested that this happens either because these countries have lower TFP in the investment - good producing...
Persistent link: https://www.econbiz.de/10012727281
A large body of evidence suggests that poor countries tend to invest less (have lower PPP adjusted investment rates) and to face higher relative prices of investment goods. It has been suggested that this happens either because these countries have lower TFP in the investment good producing...
Persistent link: https://www.econbiz.de/10012766095
A large body of evidence suggests that poor countries tend to invest less (have lower PPP-adjusted investment rates) and to face higher relative prices of in- vestment goods. It has been suggested that this happens either because these countries have lower TFP in the investment-good producing...
Persistent link: https://www.econbiz.de/10012769299
Using the policy of unified management of local courts below the province, we found that the independence of the judiciary can significantly improve the success rate of firms in administrative litigation cases, promoting the corporate fixed assets investment rate. The positive influence of...
Persistent link: https://www.econbiz.de/10014226640