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"The authors examine whether financial development boosts the growth of small firms more than large firms and hence provides information on the mechanisms through which financial development fosters aggregate economic growth. They define an industry's technological firm size as the firm size...
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Doing Business in 2005: Removing Obstacles to Growth is the second in a series of annual reports investigating the scope and manner of regulations that enhance business activity and those that constrain it. New quantitative indicators on business regulations and their enforcement can be compared...
Persistent link: https://www.econbiz.de/10012245451
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, and can surge at times of currency speculation. Heightened interest rate and exchange rate volatility pose practical risk … risk containment, as well as for good macropolicies. On the other hand, the cost of equity capital has been reduced by … through the equity markets have not been the major contributor to increased international sources of volatility. In addition …
Persistent link: https://www.econbiz.de/10012563564
Guinea-Bissau is highly dependent on international trade even when compared to other nations of its size and income level. However, it is equally clear that the country could derive far more benefit from its international trade opportunities than it does at the present time. This study examines...
Persistent link: https://www.econbiz.de/10012550654
The objective of the Ugandan government is to make Uganda an upper - middle income country within thirty years. Economic diversification is a key component of that strategy. The country economic memorandum (CEM) report discusses how the emergence of oil and mineral production can contribute to...
Persistent link: https://www.econbiz.de/10012644430
"Model uncertainty hampers consensus on the key determinants of economic growth. Some recent cross-country, cross-sectional analyses have employed Bayesian Model Averaging to address the issue of model uncertainty. This paper extends that approach to panel data models with country-specific fixed...
Persistent link: https://www.econbiz.de/10011394124
Half a year ago, Russia's economic prospects looked uncertain. The global economy was losing momentum, the expansion in the euro area was grinding to a halt and commodity prices were beginning to fall. Yet, while output growth is slowing this year in line with weaker growth in Europe and...
Persistent link: https://www.econbiz.de/10012557298