Showing 1 - 10 of 165
An endogenous growth model on finance and growth is formulated, and empirical analyses are conducted. The model exhibits structural shifts and breaks caused by institutional changes, suggesting that a linear approach is inadequate. To address this point empirically, we fit data for 90 countries...
Persistent link: https://www.econbiz.de/10001767757
Persistent link: https://www.econbiz.de/10001767793
Persistent link: https://www.econbiz.de/10001783598
This paper addresses the notion of an "optimum level of financial activity" that is contingent on a country's general level of development. Referring to threshold regressions and a bootstrap test for structural shift of the finance regressor in a growth equation, it is shown that countries gain...
Persistent link: https://www.econbiz.de/10003214344
Using a panel fixed effects model for a sample of 121 countries covering 1975 -2005, we examine how financial development, financial liberalization and banking crises are related to income inequality. In contrast with most previous work, our results suggest that all finance variables increase...
Persistent link: https://www.econbiz.de/10011537295
Persistent link: https://www.econbiz.de/10001767710
rich countries: New Zealand and Switzerland. We briefly discuss Kehoe/Prescott's definition of a "great depression … perform sensitivity tests with respect to alternative operationalisations for Switzerland and the U.S. It is shown that with …-performing Switzerland reduces considerably. Yet, this still does not explain the comparatively poor economic growth in Switzerland during …
Persistent link: https://www.econbiz.de/10001767731
In order to correct the bias due to unit non-response for the KOF ETH Zurich's business (mail) surveys, we usually use the results of a second (phone) survey by the non-respondents. Taking the case of the survey 2000 on "Organization and Information Technologies" in the Swiss economy, we...
Persistent link: https://www.econbiz.de/10001767762
The paper investigates empirically the decision of firms to adopt Information and Communication Technologies (ICT) based on a comprehensive specification of a "rank model" of technology adoption (complemented by "epidemic effects") using firm-level data for the Swiss business sector. The...
Persistent link: https://www.econbiz.de/10001767807