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Banks and Innovation: Microeconometric Evidence on Italian Firms
Benfratello, Luigi; Schiantarelli, Fabio; Sembenelli, … - Institute for the Study of Labor (IZA) - 2006
In this paper we investigate the effect of local banking development on firms’ innovative activities, using a rich data set on innovation for a large number of Italian firms over the 1990’s. There is evidence that banking development affects the probability of process innovation,...
Persistent link: https://www.econbiz.de/10005822124
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Financial Development and the Distribution of Income in Latin America and the Caribbean
Bacarreza, Canavire; Javier, Gustavo; Rioja, Felix - Institute for the Study of Labor (IZA) - 2008
One of the central concerns in Latin America and the Caribbean (LAC) has been the reduction of poverty and inequality … so prevalent in the continent. Using large world samples, the literature has found that financial development increases … economic growth, increases the income of the poor, and reduces inequality. This paper studies the effects of financial …
Persistent link: https://www.econbiz.de/10005233762
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Credit Constraints as a Barrier to the Entry and Post-Entry Growth of Firms
Scarpetta, Stefano; Aghion, Philippe; Fally, Thibault - Institute for the Study of Labor (IZA) - 2007
Advanced market economies are characterized by a continuous process of creative destruction. Market forces and technological developments play a major role in shaping this process, but institutional and policy settings also influence firms’ decision to enter, to expand if successful and to...
Persistent link: https://www.econbiz.de/10005233782
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Why Are Saving Rates of Urban Households in China Rising?
Chamon, Marcos; Prasad, Eswar - Institute for the Study of Labor (IZA) - 2007
From 1995 to 2005, the average urban household saving rate in China rose by 8 percentage points, to about one quarter of disposable income. We use household-level data to explain why households are postponing consumption despite rapid income growth. Tracing cohorts over time indicates a virtual...
Persistent link: https://www.econbiz.de/10005247694
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Two to Tangle: Financial Development, Political Instability and Economic Growth in Argentina (1896–2000)
Campos, Nauro F.; Karanasos, Menelaos G.; Tan, Bin - Institute for the Study of Labor (IZA) - 2008
This paper investigates the effects of financial development and political instability on economic growth in a power-ARCH framework with data for Argentina from 1896 to 2000. Our findings suggest that (i) informal or unanticipated political instability (e.g., guerrilla warfare) has a direct...
Persistent link: https://www.econbiz.de/10005703824
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Thresholds in the Process of International Financial Integration
Kose, M. Ayhan; Prasad, Eswar; Taylor, Ashley D. - Institute for the Study of Labor (IZA) - 2009
The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the presumed growth benefits of financial integration....
Persistent link: https://www.econbiz.de/10005070416
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Financial Sector Regulation and Reforms in Emerging Markets: An Overview
Prasad, Eswar - Institute for the Study of Labor (IZA) - 2010
This paper provides an overview of the complex conceptual and practical challenges that emerging market economies face as they attempt to reform their frameworks for financial regulation. These economies are striving to balance the quest for financial stability with the imperatives of financial...
Persistent link: https://www.econbiz.de/10008682959
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Institutions and Development in MENA Region: Evidence from the Manufacturing Sector
Arayssi, Mahmoud; Fakih, Ali - Institute for the Study of Labor (IZA) - 2015
This paper examines the role of institutions (including civil law origin), financial deepening and degree of regime authority on growth rates in the Middle East and North Africa (MENA) region using panel data through a fixed effect model. The results reveal that English civil law origin and the...
Persistent link: https://www.econbiz.de/10011125875
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From Riches to Rags, and Back? Institutional Change, Financial Development and Economic Growth in Argentina since the 1890s
Campos, Nauro F; Karanasos, Menelaos G.; Tan, Bin - Institute for the Study of Labor (IZA) - 2014
Argentina is the only country in the world that was "developed" in 1900 and "developing" in 2000. The various competing …
Persistent link: https://www.econbiz.de/10011095511
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Financial Development and Economic Growth: Evidence from Ten New EU Members
Caporale, Guglielmo Maria; Rault, Christophe; Sova, Robert - Institute for the Study of Labor (IZA) - 2014
This paper reviews the main features of the banking and financial sector in ten new EU members, and then examines the relationship between financial development and economic growth in these countries by estimating a dynamic panel model over the period 1994-2007. The evidence suggests that the...
Persistent link: https://www.econbiz.de/10011096765