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Financial Development and Economic Growth; An Overview
Khan, Mohsin S.; Semlali, A. Senhadji - International Monetary Fund (IMF) - 2000
fostering economic growth and development. This paper provides a selective review of the literature, as well as new empirical … evidence on the relationship between financial development and economic growth for a large cross-section sample of countries …. While the results indicate that the effect of financial development on growth is positive, the size of the effect varies …
Persistent link: https://www.econbiz.de/10005263653
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RandD, innovation, and Economic Growth; An Empirical Analysis
Ulku, Hulya - International Monetary Fund (IMF) - 2004
This paper investigates the main postulations of the R&D based growth models that innovation is created in the R&D sectors and it enables sustainable economic growth, provided that there are constant returns to innovation in terms of R&D. The analysis employs various panel data techniques and...
Persistent link: https://www.econbiz.de/10005826633
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The Long-Run Effects of Tradeon Income and Income Growth
Brunner, Allan D. - International Monetary Fund (IMF) - 2003
This paper examines the dynamic relationship between trade and income. While most economists agree that increased trade leads to an increase in average income, economic theory is ambiguous about the possible effects on the long-run growth rate of the economy. Using a dynamic panel data model,...
Persistent link: https://www.econbiz.de/10005769087
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Does Openness to International Financial Flows Raise Productivity Growth?
Prasad, Eswar; Terrones, Marco; Kose, M. Ayhan - International Monetary Fund (IMF) - 2008
with higher levels of financial development and better institutions. …
Persistent link: https://www.econbiz.de/10005769199
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Grants Versus Loans
Ulku, Hulya; Cordella, Tito - International Monetary Fund (IMF) - 2004
negatively correlated with countries' levels of development. …
Persistent link: https://www.econbiz.de/10005769233
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ICT Equipment Investment and Growth in Low- and Lower-Middle-Income Countries
Haacker, Markus - International Monetary Fund (IMF) - 2010
While production of ICT equipment plays a subordinate role for economic growth in most of these countries, they do benefit from capital deepening arising from falling prices of ICT equipment. Adapting established growth accounting approaches to the data environment of low-income countries, we...
Persistent link: https://www.econbiz.de/10008470403
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Searching for the Finance-Growth Nexus in Libya
Cevik, Serhan; Rahmati, Mohammad - International Monetary Fund (IMF) - 2013
This paper investigates the causal relationship between financial development and economic growth in Libya during the … financial development has a statistically significant negative effect on real nonhydrocarbon GDP per capita growth. However, the …
Persistent link: https://www.econbiz.de/10010790327
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Mother, Can I Trust the Government? Sustained Financial Deepening; A Political Institutionsview
Quintyn, Marc; Verdier, Geneviève - International Monetary Fund (IMF) - 2010
order to create trust. This paper identifies over 200 post-1960 episodes of accelerations in financial development in a … large cross-section of countries. We find that the likelihood of an acceleration leading to sustained financial development … increases greatly in environments that have high-quality political institutions. …
Persistent link: https://www.econbiz.de/10008671297
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Financial Frictions, Investment, and Institutions
Yafeh, Yishay; Ueda, Kenichi; Claessens, Stijn - International Monetary Fund (IMF) - 2010
Financial frictions have been identified as key factors affecting economic fluctuations and growth. But, can institutional reforms reduce financial frictions? Based on a canonical investment model, we consider two potential channels: (i) financial transaction costs at the firm level; and (ii)...
Persistent link: https://www.econbiz.de/10008680276
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The Growth Comeback in Developing Economies; A New Hope or Back to the Future?
Bluedorn, John C; Duttagupta, Rupa; Guajardo, Jaime; … - International Monetary Fund (IMF) - 2013
Growth takeoffs in developing economies have rebounded in the past two decades. Although recent takeoffs have lasted longer than takeoffs before the 1990s, a key question is whether they could unravel like some did in the past. This paper finds that recent takeoffs are associated with stronger...
Persistent link: https://www.econbiz.de/10011242243