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We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries … over the 1980-2008 period, using pooled mean group estimator in a dynamic heterogeneous panel setting. We show that …
Persistent link: https://www.econbiz.de/10010340261
This paper analyses the short- and long-run effects of trade openness on financial development in a panel including …
Persistent link: https://www.econbiz.de/10012514560
We study how financial frictions affect firm-level heterogeneity and trade. We build a model where productivity differences across monopolistically competitive firms are endogenous and depend on investment decisions at the entry stage. By increasing entry costs, financial frictions lower the...
Persistent link: https://www.econbiz.de/10011447515
economic growth in the Least Developed Countries (LDCs) using panel data for the period 2000-2021. Results show that, in …
Persistent link: https://www.econbiz.de/10014427512
This paper offers a meta-regression analysis of the literature on the drivers of financial development. Our results based on 1900 estimates suggest that institutional quality is positively correlated to both private sector credit and stock market capitalization (both as share of GDP). Domestic...
Persistent link: https://www.econbiz.de/10012229266
estimation of unconditional quantile partial effects in a model with correlated random effects. The results show that the impact …
Persistent link: https://www.econbiz.de/10012514927
effects of domestic credit aggregates on economic growth. Working with a panel of cross-country and time-series observations …
Persistent link: https://www.econbiz.de/10011409380
This paper proposes a quantile regression estimator for a heterogeneous panel model with lagged dependent variables and … Pesaran (2015) and demonstrates that the extension to the estimation of dynamic quantile regression models is feasible under … the time series dimension of the panel is large. We present an application to the evaluation of Time-of-Use pricing using …
Persistent link: https://www.econbiz.de/10011898624
financial holdings and benefits less from the uncertainty and financial returns from stock markets. Our panel data evidence …
Persistent link: https://www.econbiz.de/10010223450
Performing a panel data analysis for OECD countries, during the period between 1990 and 2019, this article investigates …
Persistent link: https://www.econbiz.de/10013473321