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Threshold Effect and Financial Intermediation in Economic Development
Augier, Laurent; Soedarmono, Wahyoe - Volkswirtschaftliche Fakultät, … - 2010
This paper analyzes the theoretical finance-growth nexus. Using the Neoclassical growth framework, we raise a new issue where our finance-growth nexus has multiple stationary states with threshold effect. Threshold effect prevents the economy to reach long-run steady state equilibrium of capital...
Persistent link: https://www.econbiz.de/10008596417
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Threshold Effect and Financial Intermediation in Economic Development
Soedarmono, Wahyoe; Augier, Laurent - Volkswirtschaftliche Fakultät, … - 2009
This paper analyzes the importance of financial intermediation on economic growth. Using the Neoclassical growth framework, we raise a new issue where our model has multiple stationary states with threshold effect. We further confirm that financial intermediation is better than self-financing...
Persistent link: https://www.econbiz.de/10005000640
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A reevaluation of the impact of financial development on economic growth and its sources by regions
Dabos, Marcelo; Williams, Tomas - Volkswirtschaftliche Fakultät, … - 2009
This work estimates the impact of Private Credit to the private sector and Liquid Liabilities (as measures of financial development) on economic growth, capital growth and productivity growth for different regions. Estimations are conducted with a panel database of 78 countries and 35 years...
Persistent link: https://www.econbiz.de/10008753044
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Bank Liquidity, Market Participation, and Economic Growth
Mattana, Elena; Panetti, Ettore - Volkswirtschaftliche Fakultät, … - 2012
We report evidence that bank liquidity ratios (liquid assets as a percentage of total assets) decrease during the process of economic development. To reconcile this observation with (i) the increasing importance of financial markets and (ii) the increasing direct participation of individual...
Persistent link: https://www.econbiz.de/10011112629
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Global imbalances: an unconventional view
Popov, Vladimir - Volkswirtschaftliche Fakultät, … - 2010
Maintaining today’s global imbalances would help to overcome the major disproportion of our times – income gap between developed and developing countries. This gap was widening for 500 years and only now, in the recent 50 years, there are some signs that this gap is starting to decrease. The...
Persistent link: https://www.econbiz.de/10008805852
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The Asian model: a crisis foretold
Singh, Ajit; Weisse, Bruce - Volkswirtschaftliche Fakultät, … - 1998
Abstract The East Asian countries achieved extraordinarily fast economic growth during the last four decades. Indeed, it would be no exaggeration to say that they represented the most successful case of rapid industrialisation and sustained economic growth in the history of mankind. This paper...
Persistent link: https://www.econbiz.de/10011109046
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Islam and Christianity: symbiosis of civilizations
Cizakca, Murat - Volkswirtschaftliche Fakultät, … - 2006
It is argued in this paper that Islam had developed its own capitalistic system centuries before the West. This was an economic system based upon constrained maximization, the constraint being imposed by the teachings of classical Islam. Notwithstanding this difference with western capitalism,...
Persistent link: https://www.econbiz.de/10008587819
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Changing behaviour of self help group members: Pathway for sustainable rural livelihoods in Eastern India
Meena, M.S.; Singh, K.M. - Volkswirtschaftliche Fakultät, … - 2013
The study evaluates the behaviour construct of self help group (SHG) members. Data were solicited from randomly … and 2013. The behaviour construct developed, consisted of 30 items, for which Cronbach’s alpha coefficient of reliability … significant improvement in behaviour of SHG members was observed, which exemplifies the impact of SHG approach in instilling a …
Persistent link: https://www.econbiz.de/10011259548
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La modélisation macroéconomique comme processus de communication : pour une formalisation finaliste des équations de comportement
Buda, Rodolphe - Volkswirtschaftliche Fakultät, … - 1994
The assumption we submit, because macroeconomic forcasts would be unperfect, is that behavioral equations doesn't enough describe economic behaviours through the capacity of reaction opposite to environment. Further, the forcaster belongs to his search-system, so that, may be, we must now...
Persistent link: https://www.econbiz.de/10005836791
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Identifying behaviour in a multiproduct oligopoly: Incumbents reaction to tariffs dismantling
Jaumandreu, Jordi; Moral, Maria Jose - Volkswirtschaftliche Fakultät, … - 2006
paper is aimed at testing whether or not there really was a change in pricing behaviour, using a structural model of …
Persistent link: https://www.econbiz.de/10005836907