Showing 1 - 10 of 17
Purpose - The study extends the debate on finance versus institutions in the promotion of investment documented by … finance and governance as substitutes in their impact on investment implies that good governance fuels private investment and … issues on the other hand. Originality/value - The paper extends the debate on the substitution of finance and institutions in …
Persistent link: https://www.econbiz.de/10011417473
This study complements existing literature by investigating how investment-driven finance affects inequality in Africa …
Persistent link: https://www.econbiz.de/10011417474
The Ali (2013, EB) findings on the nexuses among institutions, finance and investment could have an important influence … finance and institutions because they are less realistic to developing countries to which the resulting policy implications … substitution of institutions and finance in investment. Results under many baseline and augmented scenarios are not consistent with …
Persistent link: https://www.econbiz.de/10011409784
With the spectre of the Euro crisis looming substantially large and scaring potential monetary unions, this study is a short-run trip to embryonic African monetary zones to assess the Schumpeterian thesis for positive spillovers of financial services on growth. Causality analysis is performed...
Persistent link: https://www.econbiz.de/10011410296
This paper focuses on how political regimes affect financial development in Africa, contingent on religious-domination, income-levels and colonial-legacies. The main findings are summarized as follows. Authoritarian regimes have a higher propensity to effect policies that favour the development...
Persistent link: https://www.econbiz.de/10011410331
Hitherto very few studies on the inequality-finance(investment) nexus have focused on the African continent owing to … how finance affects pro-poor investment channels. Findings reveal, but for the case of foreign investment, financial …
Persistent link: https://www.econbiz.de/10011410358
in the literature provide new insights into the finance-inequality nexus. Policy implications are discussed. …
Persistent link: https://www.econbiz.de/10011410368
intermediary channels of depth, efficiency, activity and size. The findings show that legal origin matters in the finance …
Persistent link: https://www.econbiz.de/10011410386
This paper assesses how legal origin influences financial development through regulation quality and the rule of law. It employs all the dimensions identified by the Financial Development and Structure Database of the World Bank. The law channels are instrumented with legal origins to account...
Persistent link: https://www.econbiz.de/10011410393
The study extends the debate on finance versus institutions and measurement of property rights institutions. We assess … correlate of private investment than financial intermediary development. The interaction of finance and governance is not …
Persistent link: https://www.econbiz.de/10012304901