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Finance and growth: Schumpeter might be wrong in our era. New evidence from Meta-analysis
Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2013
Purpose – In a meta-study on the finance-growth nexus, we have bridged the gap between Schumpeterian authors and … sympathizers of a questionable finance-growth nexus. Design/methodology/approach – Over 20 fundamental characteristics that have … focused on the finance-growth nexus. …
Persistent link: https://www.econbiz.de/10010862108
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Finance and growth: New evidence from Meta-analysis
Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2013
Purpose – In a meta-study, we have bridged the gap between the pros and cons of a questionable finance-growth nexus … genuine effect exists between financial development and economic growth. A finance-growth nexus might not be appealing in our … consistent with the mainstream positive finance-growth nexus should provide new scholarly insights into the relationship …
Persistent link: https://www.econbiz.de/10010722611
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Asset building and the wealth gap
Community Affairs Office - In: Banking and Community Perspectives (2006) 3
Building and maintaining financial security is increasingly difficult for a growing portion of American households. Wealth is less prevalent in middle-class households and increasing among the already well-to-do. At the same time, poverty is growing and concentrating disproportionately among the...
Persistent link: https://www.econbiz.de/10005387163
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Law and Finance in Africa
Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2011
This paper assesses how legal origin influences financial development through regulation quality and the rule of law. It employs all the dimensions identified by the Financial Development and Structure Database of the World Bank. The law channels are instrumented with legal origins to account...
Persistent link: https://www.econbiz.de/10010693282
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Law, Finance and Investment: does legal origin matter in Africa?
Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2011
intermediary channels of depth, efficiency, activity and size. The findings show that legal origin matters in the finance …
Persistent link: https://www.econbiz.de/10010693289
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Investment and Inequality in Africa: which financial channels are good for the poor?
Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2011
in the literature provide new insights into the finance-inequality nexus. Policy implications are discussed. …
Persistent link: https://www.econbiz.de/10010693294
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Finance and Democracy in Africa
Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2011
This paper focuses on how political regimes affect financial development in Africa, contingent on religious-domination, income-levels and colonial-legacies. The main findings are summarized as follows. Authoritarian regimes have a higher propensity to effect policies that favour the development...
Persistent link: https://www.econbiz.de/10010693299
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Finance and Inequality: Exploring Pro-Poor Investment Channels in Africa
Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2011
Hitherto very few studies on the inequality-finance(investment) nexus have focused on the African continent owing to … how finance affects pro-poor investment channels. Findings reveal, but for the case of foreign investment, financial …
Persistent link: https://www.econbiz.de/10010693302
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New financial intermediary development indicators for developing countries
Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2011
Financial development indicators are often applied to countries/regions without taking into account specific financial development realities. Financial depth in the perspective of monetary base is not equal to liquid liabilities in every development context. This paper introduces complementary...
Persistent link: https://www.econbiz.de/10010693305
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A Short-run Schumpeterian Trip to Embryonic African Monetary Zones
Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2012
With the spectre of the Euro crisis looming substantially large and scaring potential monetary unions, this study is a short-run trip to embryonic African monetary zones to assess the Schumpeterian thesis for positive spillovers of financial services on growth. Causality analysis is performed...
Persistent link: https://www.econbiz.de/10010696005