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de spécification pour mieux estimer l’impact de la finance sur la croissance et mieux concrétiser les conditions de …
Persistent link: https://www.econbiz.de/10005119481
This paper surveys the economic literature on the links between finance, law and growth in the Central and Eastern … based on an adequate legal system it can positively contribute to economic growth. However, the financial system in CEE …
Persistent link: https://www.econbiz.de/10005125524
divergence and lower long-run growth, whereas we find absolute convergence in expansions. The output costs of political and … financial crises are permanent on average and long-term growth is negatively linked to volatility. These results also imply that … panel data studies can help identify the sources of growth and that economic models should be capable of explaining growth …
Persistent link: https://www.econbiz.de/10005126155
This paper provides empirical evidence, from the study of sixteen major Indian states for the period 1980-2001, that under the economic reform process, the better institutional mechanism could actually help economies to grow faster with higher level of economic well-being. We estimate economic...
Persistent link: https://www.econbiz.de/10005556115
In this paper we empirically analyse the linkages among growth, investment and reforms in the South East Asian … capital and structural reforms for the growth prospects of the economies. These factors have shown a strong effect on growth … and have contributed greatly to the growth process for north Africa countries and the non CFA sub Sahara African countries …
Persistent link: https://www.econbiz.de/10005556730
The Information and Communication technology(ICT) environment in the economic community of west african states(ECOWAS) has changed sufficiently to warrant re-conceptualization of the earlier initiatives. Notably, many new technologies have emerged, especially in the area of wireless...
Persistent link: https://www.econbiz.de/10005118855
their first 100 years, a period of growth ending in the 1840s, they adapted constantly to reflect their changing environment …
Persistent link: https://www.econbiz.de/10005076565
Using a large firm level panel data set from four Asian countries, this paper compares the returns to various internal and external funds. A novel feature of our analysis is that we distinguish between financially constrained and unconstrained firms and determine selectivity-corrected estimates...
Persistent link: https://www.econbiz.de/10005076952
The efficiency of speculative markets, as represented by Fama's 1970 fair game model, is tested on weekly price index data of six Asian stock markets - Hong Kong, Indonesia, Malaysia, Singapore, Taiwan and Thailand - using Sherry's (1992) non-parametric methods. These scientific testing methods...
Persistent link: https://www.econbiz.de/10005076962
Liberalization of Singapore's financial sector causes its fund management industry to expand rapidly. As of December 1, 1998 there were 191 unit trusts to choose from. Eventually, Singapore, like the USA and Hong Kong, will have more unit trusts than stocks listed on its exchange. Many...
Persistent link: https://www.econbiz.de/10005076989