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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 Finance-Growth Nexus is a classical source of debate among economists. This contribution offers regional evidence … countries. The results for this application support the view that finance leads growth, reject its possible endogeneity and …
Persistent link: https://www.econbiz.de/10005818797
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
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
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
. Secondly, the authors estimate the determinants of the extensive and intensive margins of exports and imports using dynamic … imports than for exports pointing to the existence of sunk costs in both activities. Moreover, past productivity does affect … the extensive margin of imports, but not of exports and the initial condition status is also only relevant for the import …
Persistent link: https://www.econbiz.de/10011269109
This paper focuses on self-selection into trade by exporting and importing firms, and on the presence of differential variable and sunk costs between exporters and importers across different categories of imports. In addition the authors consider the role of intensive and extensive margins with...
Persistent link: https://www.econbiz.de/10011203163
constraints and the extensive margins of exports in Germany, one of the leading actors on the international market for goods. In …
Persistent link: https://www.econbiz.de/10011203165
determinants of export participation of Swedish SMEs in the computer service industry. Exports include both goods and services …
Persistent link: https://www.econbiz.de/10011203166
We analyze the link between firms’ access to finance and their decisions to enter and exit the export market. We employ … contrast, there is no relationship between the decision of firms to enter or exit export markets and their access to finance …. This may suggest that internal finance plays a greater role in Eastern European and CIS countries than in developed …
Persistent link: https://www.econbiz.de/10010886834