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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
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Regional Evidence on the Finance - Growth Nexus
Vaona, Andrea - Institut für Weltwirtschaft (IfW) - 2006
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
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The Use of Collateral in Formal and Informal Lending
Kislat, Carmen; Menkhoff, Lukas; Neuberger, Doris - Institut für Weltwirtschaft (IfW) - 2013
Apart from altruistic reasons, NGOs may engage in developing countries under conditions of conflict and war in order to secure funding and survive in the ‘market’ of humanitarian relief and development assistance. Applying a difference-in-difference-in-differences approach, we analyze...
Persistent link: https://www.econbiz.de/10010886852
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Exchange Rate Policy in a Dollarized Economy: A CGE Analysis for Bolivia
Schweickert, Rainer; Thiele, Rainer; Wiebelt, Manfred - Institut für Weltwirtschaft (IfW) - 2005
In this paper, a real-financial CGE model is employed for Bolivia to simulate the macroeconomic and distributional effects of exchange rate policy in a highly dollarized economy. Overall, dollarization appears to matter more through real than through financial-sector effects. The main...
Persistent link: https://www.econbiz.de/10010886975
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The finance-growth nexus revisited: From origins to a modern theoretical landscape
Stolbov, Mikhail - Institut für Weltwirtschaft (IfW) - 2012
economic growth. The key issues of the modern theories of the finance-growth nexus are discussed and the theories are … as the finance-growth nexus in resource rich economies. The challenges this research program is facing are also …
Persistent link: https://www.econbiz.de/10010956028
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Equity market liberalization, credit constraints and income inequality
Sun, Puyang; Sen, Somnath; Jin, Shujing - Institut für Weltwirtschaft (IfW) - 2012
This paper provides compelling evidence that equity market liberalization, the most efficient way to smooth financial market frictions such as credit constraints, can alleviate persistent cross-dynastic income inequality through increasing the accumulation of human capital. We examine the impact...
Persistent link: https://www.econbiz.de/10010956105
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Through which channels can remittances spur economic growth in MENA countries?
Mim, Sami Ben; Ali, Mohamed Sami Ben - Institut für Weltwirtschaft (IfW) - 2012
This paper studies the remittances' effect on economic growth. Using panel data techniques, the authors estimate … stimulate growth only when they are invested. Moreover, empirical results suggest that remittances can enhance growth by … encouraging human capital accumulation. Human capital is therefore an effective channel through which remittances stimulate growth …
Persistent link: https://www.econbiz.de/10009646511
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Climate Policy, Technology Choice, and Multiple Equilibria in A Developing Economy
Narita, Daiju - Institut für Weltwirtschaft (IfW) - 2010
Control of carbon dioxide emissions in developing countries is becoming a key issue in the international climate policy. A critical element for achieving substantial emission reduction in those countries is the installment of new energy technologies. Drawing on the framework of poverty-trap...
Persistent link: https://www.econbiz.de/10008543247
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The Matching Approach on Expenditure Patterns of Migrant Households: Evidence from Moldova
Poppe, Robert - Institut für Weltwirtschaft (IfW) - 2007
This paper examines the effect of temporary and permanent migration on household expenditures and on asset/durables ownership. Using household survey data from Moldova, this paper relies on the matching approach for identification. It is shown that temporary migrant households have additional...
Persistent link: https://www.econbiz.de/10005700492
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Finance for Growth: Does a Balanced Financial Structure Matter?
Cuadro-Sáez, Lucía; García-Herrero, Alicia - Institut für Weltwirtschaft (IfW) - 2007
In this paper we explore empirically a long-standing question in the literature on finance for growth. namely whether … growth. We build upon the existing literature by constructing a new measure of the "balancedness" of the financial structure … the capital markets- is associated with higher economic growth. Such finding points to banks and capital markets being …
Persistent link: https://www.econbiz.de/10005700493