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A New Global Index of Infrastructure: Construction, Rankings and Applications

Donaubauer, Julian; Meyer, Birgit; Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 2014

We construct comprehensive and comparable indices on the most relevant components of economic infrastructure. An unobserved components model is employed to cover the largest possible number of developing and developed countries over the period 1990-2010. We map major findings from the new...

Persistent link: https://www.econbiz.de/10010886848

The paradox of monetary profits: an obstacle to understanding financial and economic Crisis?

Bruun, Charlotte; Heyn-Johnsen, Carsten - Institut für Weltwirtschaft (IfW) - 2009

financial spheres. The monetary profit inducing capitalist production, emanates from the sphere of finance. In a world of …

Persistent link: https://www.econbiz.de/10008479049

Poolability and the finance-growth nexus: a cautionary note

Schiavo, Stefano; Vaona, Andrea - Institut für Weltwirtschaft (IfW) - 2006

The present contribution tests whether countries can be pooled when studying the financegrowth nexus. Overall, our results point toward a ‘pragmatic’ positive answer, though considerable heterogeneity is present among developing countries.

Persistent link: https://www.econbiz.de/10005755203

Foreign direct investment, access to finance, and innovation activity in Chinese enterprises

Girma, Sourafel; Gong, Yundan; Görg, Holger - Institut für Weltwirtschaft (IfW) - 2008

recent firm level database. We pay particular attention to the impact of domestic access to finance. Our results show that … engage in own R&D or if they have good access to domestic finance. However, access to finance only plays a role for private … little significance for SOEs and is also independent of their access to finance. By contrast, it is an important channel …

Persistent link: https://www.econbiz.de/10005818806

Tail dependence of financial stocks and CDS markets: Evidence using copula methods and simulation-based inference

Silva, Paulo Pereira da; Rebelo, Paulo Tomaz; Afonso, … - Institut für Weltwirtschaft (IfW) - 2013

means that, surprisingly, the association between stock prices and spreads of the banking sector does not seem to surge in …

Persistent link: https://www.econbiz.de/10010956052

Do mergers improve information? Evidence from the loan market

Panetta, Fabio; Schivardi, Fabiano; Shum, Matthew - Banca d'Italia - 2004

We examine the informational effects of M&As by investigating whether bank mergers improve banksï¿½ ability to screen borrowers. By exploiting a dataset in which we observe a measure of a borrowerï¿½s default risk that the lenders observe only imperfectly, we find evidence of these...

Persistent link: https://www.econbiz.de/10005770757