Showing 1 - 10 of 93
conditions for sustained economic growth and development by deepening democracy, enhancing the stability of political regimes and …
Persistent link: https://www.econbiz.de/10011794986
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 … size. The results broadly support the benefits of law mechanisms in financial development. The findings only show partial …
Persistent link: https://www.econbiz.de/10011410393
This paper proposes and empirically validates four theories of why legal origin influences growth and welfare through finance. It is a natural extension of "Law and finance: why does legal origin matter?" by Thorsten Beck, Asli Demirgüç-Kunt and Ross Levine (2003). We find only partial support...
Persistent link: https://www.econbiz.de/10011410416
This paper extends the growing literature on knowledge economy by investigating the effect of intelligence on economic diversification. Using a battery of estimation techniques that are robust to endogeneity, we find that human capital has positive correlations with export diversification,...
Persistent link: https://www.econbiz.de/10011409113
This study complements the inclusive growth literature by examining the determinants and consequences of the middle class in a continent where economic growth has been relatively high. The empirical evidence is based on a sample of 33 African countries for a 2010 cross-sectional study. OLS,...
Persistent link: https://www.econbiz.de/10011409206
This study explores the relationship between social media and democracy in a cross- section of over 125 countries around the world. We find the evidence of a strong, positive correlation between Facebook penetration (a proxy for social media) and democracy. We further show that the correlation...
Persistent link: https://www.econbiz.de/10012012065
The main objective of this paper is to contribute to in-depth literature on the relationship between growth and the informal sector in the presence of corruption. The impact of the interaction between growth and corruption on economic performance (increase or decrease of the informal sector)...
Persistent link: https://www.econbiz.de/10012817792
This paper is interested in explaining the causes of the simultaneous evolution between economic growth and informality. Using a large annual panel of African countries with a time series of 25 years, ours results show that when the corruption rate is above (below) a threshold of 1.3577,...
Persistent link: https://www.econbiz.de/10012817802
. Empirical results from quantile regressions indicate that besides macroeconomic and institutional factors, population ageing and … the high size of working population exhibit some mitigating effects on wealth inequality at lower quantiles and the … opposite effect at high quantiles. Whereas at the quantile above 75, rising share of working age population, population growth …
Persistent link: https://www.econbiz.de/10013419124
A 2015 World Bank report on the achievement of Millennium Development Goals (MDGs) revealed that since the 1990s …' postulates that: (i) one unit of currency deposited abroad represents a loss in financial development at home (ii) a fraction of …
Persistent link: https://www.econbiz.de/10011542263