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We show that financial development has a non-monotonic effect on growth in the Rajan and Zingales (1998) and Fisman and … Love (2007) sample. Beyond a threshold, financially dependent industries and industries facing good growth opportunities …
Persistent link: https://www.econbiz.de/10011041651
We find that an expansion of credit has a positive effect on per capita output growth only up to a point. Beyond this … threshold the impact of finance on growth is not statistically significant anymore. We show, however, that the estimated non … impact on growth in mature financial systems, and include the magnitude of financial cycles as well as the importance of non …
Persistent link: https://www.econbiz.de/10010930711
business. As a result idiosyncratic risk discourages entrepreneurial activity and hinders growth, with the effects being … and dispersion of productivity growth. …
Persistent link: https://www.econbiz.de/10005791288
Micro, small and medium-sized firms (MSMEs) are a key source of employment and economic growth in Indonesia. They …, curbing their role in boosting living standards. There are several ways to spur MSME productivity growth over the medium term …
Persistent link: https://www.econbiz.de/10009690880
The Irish economy has experienced a decline in productivity growth over the past decade. This has mostly reflected the …. Given the mobility of foreign-owned firms, achieving sustainable productivity growth requires addressing productivity …
Persistent link: https://www.econbiz.de/10011914268
Micro, small and medium-sized firms (MSMEs) are a key source of employment and economic growth in Indonesia. They …, curbing their role in boosting living standards. There are several ways to spur MSME productivity growth over the medium term …
Persistent link: https://www.econbiz.de/10011276943
The separation of ownership and control allows controlling shareholders to pursue private benefits. We develop an analytically tractable dynamic stochastic general equilibrium model to study asset pricing and welfare implications of imperfect investor protection. Consistent with empirical...
Persistent link: https://www.econbiz.de/10005085388
effects of bank competition on economic growth. We obtain them developing a dynamic, general equilibrium model of capital …
Persistent link: https://www.econbiz.de/10010572381
This article studies the effects of financial development on the sources of growth in different groups of countries … panel techniques. Results are consistent with the hypothesis: finance has a strong positive influence on productivity growth … primarily in more developed economies. In less developed economies, the effect of finance on output growth occurs primarily …
Persistent link: https://www.econbiz.de/10005564920
is to provide an analytical review of proxies for and important determinants of banking crises-credit growth, financial …/value – The study offers a comprehensive analysis of measurements of banking crises, credit growth, financial liberalization and …
Persistent link: https://www.econbiz.de/10010611022