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This paper assesses how legal-origin influences financial development through regulation quality and the rule of law …. It uses data collected after pioneering works on the law-finance nexus to assess hypotheses resulting there-from in the … policy implications results support the benefits of law channels to financial development in the continent. …
Persistent link: https://www.econbiz.de/10009325560
This paper cuts adrift the mainstream approach to the legal-origins debate on the law-growth nexus by integrating both … growth and human development beyond the mechanisms of law channels. As a policy implication results support benefits of the … rule of law and quality of regulation as channels to economic growth and human development. …
Persistent link: https://www.econbiz.de/10009325593
Uzbekistan is not usually considered an economic success story, but in fact it is: its GDP increased since 1989 more than in any other post-communist country, except for China, Vietnam and Turkmenistan. The success of Uzbekistan is very much similar to the Chinese – gradual economic reforms...
Persistent link: https://www.econbiz.de/10011259609
cross-border lending and industrial growth, the effect on financial development remains to be examined. Using principal …
Persistent link: https://www.econbiz.de/10011108860
Previous research has found a negative effect of corruption on growth in the United States. However, some theory … whether the corruption-growth link is conditional on the extent of government involvement across U.S. states. Even though no … corruption’s harmful effects on growth are smaller when regulation is greater. …
Persistent link: https://www.econbiz.de/10009650661
Notably, the 20th century was dominated by the legacy of devastating global wars, colonial struggles, and ideological conflicts as well as effort s to establish international systems that would foster global peace and prosperity. Yet, insecurity and corruption not only remain, they have become...
Persistent link: https://www.econbiz.de/10011112282
It is widely believed that disclosure quality improves investors’ welfare by reducing cost of capital in a competitive … investment is sufficiently elastic. Second, there are plausible conditions under which disclosure quality reduces the welfare of … the welfare of either current or new investors. These results may help interpret the mixed empirical findings on the …
Persistent link: https://www.econbiz.de/10005837050
development) on economic growth, capital growth and productivity growth for different regions. Estimations are conducted with a … financial development and economic growth. We consider four geographical regions, Latin Amerca, Europe and North America, Asia … , suggest a significant effect of financial development in economic growth for the entire panel (for the measue of Liquid …
Persistent link: https://www.econbiz.de/10008753044
Although, Islamic law has been in existence for more than fourteen hundred years, but its implementation have been … institutional and contract theory literatures. The study that link finance and growth takes many dimensions. One of the dimensions … is law and finance view. In the beginning, the studies that link the former only look at the finance variables and …
Persistent link: https://www.econbiz.de/10005787199
freedom of movement rights are firmly rooted in the specific free movement provisions in EU-Turkey Association Law. This … of Turkish nationals under EU-Turkey Association law is independent of the political talks surrounding the re … shows that under the text of the AA, and as confirmed by ECJ case law, Turks have substantial free movement rights within …
Persistent link: https://www.econbiz.de/10011210473