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Using data from the US, UK, Japan and Canada, this paper provides evidence on the benefits to an economy from …
Persistent link: https://www.econbiz.de/10014403532
This paper documents the extent of financial linkages between Canada and the United States and explores the impact of … changes in U.S. financial conditions on financial conditions and real economic activity in Canada. It shows that close to a … autoregressions establishes that a tightening in U.S. financial conditions has significant implications for real activity in Canada …
Persistent link: https://www.econbiz.de/10014401284
-prime mortgage financing is in its infancy in Canada, and further development of that sector (while avoiding the excesses that beset …
Persistent link: https://www.econbiz.de/10014401481
This paper examines the efficiency of the different segments of India''s financial system using firm-level data on corporate financing patterns. Firms are increasingly relying on external funds to finance their investment in most recent years. Empirical analyses indicate that (1) the financial...
Persistent link: https://www.econbiz.de/10014402001
After impressive growth in the 2000s, China's productivity has more recently stagnated. We use firm-level data to analyze productivity and firm dynamism trends from 2003 to 2018. We document six facts that together show a decline in China's business dynamism. We show that (i) the revenue share...
Persistent link: https://www.econbiz.de/10013170240
educational attainment would raise Canada's overall labor productivity growth by 0.2 to 0.3 percentage point a year. This suggests …
Persistent link: https://www.econbiz.de/10011705314
This study investigates the impact of the current financial crisis on Canada''s potential GDP growth. Using a simple …-term unemployment rate (which would raise equilibrium unemployment rates). However, over the medium term, we expect Canada''s potential …
Persistent link: https://www.econbiz.de/10014404321
The existing literature suggests a number of alternative methods to test for the presence of contagion during financial market crises. This paper reviews those methods and shows how they are related in a unified framework. A number of extensions are also suggested that allow for multivariate...
Persistent link: https://www.econbiz.de/10014401432
Persistent link: https://www.econbiz.de/10011282722
Exploiting a granular panel dataset that breaks down capital inflows into FDI, portfolio and other categories, and distinguishes between credit to the household sector and to the corporate sector, we investigate the association between capital inflows and credit growth. We find that non-FDI...
Persistent link: https://www.econbiz.de/10011373931