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can be used to self-insure, substituting for both formal and informal insurance. We investigate this question using a … respondent has a formal funeral cover increases with income and banking status. However, it is lower for individuals receiving … remittances, which supports the idea that remittances act as (self-) insurance. We also show that purchasing formal funeral cover …
Persistent link: https://www.econbiz.de/10003983213
This paper offers the first systematic historical evidence on the role of a central actor in modern growth theory - the engineer. It collects cross-country and state level data on the labor share of engineers for the Americas, and county level data on engineering and patenting for the US during...
Persistent link: https://www.econbiz.de/10011602763
analysis of ever deeper, more fundamental factors, rooted in long-term history. A growing body of new empirical work focuses on …
Persistent link: https://www.econbiz.de/10009570039
The aim of this paper is to investigate the long run relationship between the development of banks and stock markets and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence to test the number of cointegrating vectors among these...
Persistent link: https://www.econbiz.de/10010223077
We study the relationship between finance and growth using a sample of 275 Chinese cities during 2009-2018. We exclude a large amount of bank loans to local governments through the local government financing vehicles (LGFVs). This allows us to construct a new and better financial development...
Persistent link: https://www.econbiz.de/10013337564
the major prospects and challenges faced by the banking sector as well as the recommendations. The analysis of the … study period compared to its most ASEAN and GCC countries. The efficiency of banking sector, on an average, remained at a … sector development through enhancing depth and efficiency of the banking sector and the development of efficient bond and …
Persistent link: https://www.econbiz.de/10013380870
, to student enrollment in STEM degrees, and to the riskiness, efficiency, and competitiveness of banking sectors. Overall …
Persistent link: https://www.econbiz.de/10011794229
The purpose of this research study has been to expand our understanding of the finance-growth "nexus" to finance-growth-inequality "nexus" in the presence of both the formal and the informal sources of borrowing. Using empirical evidence of IHDS Survey data for two rounds the study attempts to...
Persistent link: https://www.econbiz.de/10011952114
of itself, and it may also influence concentration in banking and thus the impact of bank-specific shocks for the …
Persistent link: https://www.econbiz.de/10009786228
The purpose of this paper is to compare the cost efficiency of private and public property insurance providers in … measurement errors and apply the model to a data set on 19 firms in housing insurance markets in Switzerland. We show that the … public insurance providers are about 20 per cent more cost efficient than their private counterparts. …
Persistent link: https://www.econbiz.de/10011507834