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Revisiting the finance and growth nexus : a deeper look at sectors and instruments
Unger, Robert - 2019
This paper investigates empirically whether the relation between finance and growth depends on a specific type of financing. I construct a novel panel data set for 34 high income countries over the time period from 1995 to 2014 based on financial accounts data. It allows distinguishing between...
Persistent link: https://www.econbiz.de/10011962798
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Natural resources, demand for external finance and financial development
Hattendorff, Christian - 2014
The paper contributes to the ongoing debate on the natural resource curse, which postulates a negative link between natural resource abundance and economic growth. It shows empirically that resource-rich countries appear to have a less developed financial system and investigates a potential...
Persistent link: https://www.econbiz.de/10010433905
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The role of financial development in private sector growth in Saudi Arabia
Hasanov, Fakhri J.; Darandary, Abdulelah; Alyamani, Ryan - 2023
Persistent link: https://www.econbiz.de/10014445974
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Ancestry, Diversity & Finance : Evidence from Transition Economies
Dombi, Akos; Grigoriadis, Theocharis - 2017
In this paper, we analyze the growth effects of historical and biological ancestry, diversity and financial development in transition economies. We show that the common indicators of ethnolinguistic fractionalization, state history and genetic distance yield significant results and to some...
Persistent link: https://www.econbiz.de/10011596107
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Asset encumbrance, bank funding and financial fragility
Ahnert, Toni; Anand, Kartik; Gai, Prasanna; Chapman, James - 2016
How does asset encumbrance affect the fragility of intermediaries subject to rollover risk? We offer a model in which a bank issues covered bonds backed by a pool of assets that is bankruptcy remote and replenished following losses. Encumbering assets allows a bank to raise cheap secured debt...
Persistent link: https://www.econbiz.de/10011486236
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Capturing information contagion in a stress-testing framework
Anand, Kartik; Gauthier, Céline; Gai, Prasanna; … - 2016
We develop an operational model of information contagion and show how it may be integrated into a mainstream, top-down, stress-testing framework to quantify systemic risk. The key transmission mechanism is a two-way interaction between the beliefs of secondary market investors and the...
Persistent link: https://www.econbiz.de/10011520642
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Public research and industrial innovations in Germany
Beise, Marian; Stahl, Harald - 1998
on industrial innovations in Germany. We discuss the characteristics of companies that benefit from the findings of … innovating firms introduced innovations between 1993 and 1995 that would not have been developed without public research. These … ability to absorb the findings of public research and turn them into innovations. Contrary to the widely held opinion that …
Persistent link: https://www.econbiz.de/10013428175
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Mapping innovative clusters in national innovation systems
Spielkamp, Alfred; Vopel, Katrin - 1998
innovation systems, highlight the outline conditions for innovations in Germany, focusing above all on the basis of innovations … knowledge into innovations that bring economic success. …
Persistent link: https://www.econbiz.de/10013428185
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Measuring knowledge spillovers in manufacturing and services: an empirical assesssment of alternative approaches
Kaiser, Ulrich - 1999
In this paper it is tested which of the various alternative approaches for constructing knowledge spillover pools suggested in existing literature measures the extent to which a firm can costlessly receive external knowlegde best. Since knowledge spillovers are unmeasurable, a 'goodness of fit'...
Persistent link: https://www.econbiz.de/10013428289
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Technology transfer and the Internet : a chance for outsiders at public science to get into the business?
Czarnitzki, Dirk - 2001
The Internet is receiving increasing attention as a medium for technology transfer between public research and the enterprise sector. Based on a survey of public research units in natural sciences and engineering in Germany, we analyse the determinants of firm contacts established via the...
Persistent link: https://www.econbiz.de/10013428436