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This paper examines the effect of banking on economic growth in modern Russia. To overcome simultaneity and selection … uncorrelated with 15 predictors of future growth, including pre-banking income, education, anti-market sentiment, institutional …. Additional results indicate that spetsbanks increased growth in regions in which they were less connected to government and were …
Persistent link: https://www.econbiz.de/10010545767
This paper examines the effect of banking on economic growth in modern Russia. To overcome simultaneity and selection … uncorrelated with 15 predictors of future growth, including pre-banking income, education, anti-market sentiment, institutional …. Additional results indicate that spetsbanks increased growth in regions in which they were less connected to government and were …
Persistent link: https://www.econbiz.de/10012148665
The Arab Spring is a clear indicator of the urgency of achieving inclusive growth and ensuring job creation in the …
Persistent link: https://www.econbiz.de/10010598174
growth rates. The most important institutional developments for a transition economy are the emergence and legalization of … the market economy, the establishment of secure property rights, the growth of a private sector, the development of … phenomena, which are used as explanatory variables in regression models to explain provincial GDP growth rates. Our evidence …
Persistent link: https://www.econbiz.de/10005419585
of rural banking institutions on small business growth is even stronger. Finally, we present evidence that banks do a …
Persistent link: https://www.econbiz.de/10011252626
We use data from the World Bank Global Findex database for 2011 to analyze financial inclusion in China, including comparisons with the other BRICS countries. We find a high level of financial inclusion in China manifested by greater use of formal account and formal saving than in the other...
Persistent link: https://www.econbiz.de/10010818552
A cornerstone of the Chinese growth model has been the opening up of its economy to private competition. Some observers … Owned Enterprises, thereby compromising a growth model that has served it well. Due to the opaqueness of the Chinese system … studying the credit supply to Chinese listed companies, the drivers of the growth miracle, of the past decade. The econometric …
Persistent link: https://www.econbiz.de/10010818562
We study the consequences of CEO turnover announcements on the stock prices of firms in China, where most listed firms remain majority-owned by the state. Our proposition is that state ownership may affect stock market reaction to CEO replacement because state-owned firms often pursue multiple,...
Persistent link: https://www.econbiz.de/10010818586
Russia’s tremendous inter-regional variation in the pace of industrial land rights reform has meant that geography has helped determine the current tenure status of firms’ production plots as much as any individual firm characteristics. By exploiting both this difference in the pace with...
Persistent link: https://www.econbiz.de/10009645237
Using a novel way to identify relationship and transaction banks, we study how banks’ lending techniques affect funding to SMEs over the business cycle. For 21 countries we link the lending techniques that banks use in the direct vicinity of firms to these firms’ credit constraints at two...
Persistent link: https://www.econbiz.de/10010945007