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The Fundamental Determinants of Risk In Banking

Rosenberg, Barr - 1978

measures of the asset and liability characteristics of the bank; a second employs these characteristics and other data taken … from annual reports; a third model adds the history of the behavior of the price at the bank's common stock. The central … estimated in this way can serve a useful function in monitoring bank risk. Further, the predictive significance of each variable …

Persistent link: https://www.econbiz.de/10012478884

A Theory of Growth and Volatility at the Aggregate and Firm Level

Comin, Diego - 2005

This paper presents an endogenous growth model that explains the evolution of the first and second moments of productivity growth at the aggregate and firm level during the post-war period. Growth is driven by the development of both (i) idiosyncratic R&D innovations and (ii) general innovations...

Persistent link: https://www.econbiz.de/10012467175

Finance and Growth : Theory and Evidence

Levine, Ross - 2004

is not driving this relationship. Furthermore, theory and evidence imply that better developed financial systems ease …

Persistent link: https://www.econbiz.de/10012467924

Crises and Growth : A Re-Evaluation

Ranciere, Romaine - 2003

We address the question of whether growth and welfare can be higher in crisis prone economies. First, we show that there is a robust empirical link between per-capita GDP growth and negative skewness of credit growth across countries with active financial markets. That is, countries that have...

Persistent link: https://www.econbiz.de/10012468621

Immigration, Human Capital Formation and Endogenous Economic Growth

Ehrlich, Isaac - 2015

Census data from international sources covering 77% of the world's migrant population indicate that the skill composition of migrants in major destination countries, including the US, has been rising over the last 4 decades. Moreover, the population share of skilled migrants has been approaching...

Persistent link: https://www.econbiz.de/10012456971

Buy, Keep or Sell : Economic Growth and the Market for Ideas

Akcigit, Ufuk - 2013

An endogenous growth model is developed where each period firms invest in researching and developing new ideas. An idea increases a firm's productivity. By how much depends on how central the idea is to a firm's activity. Ideas can be bought and sold on a market for patents. A firm can sell an...

Persistent link: https://www.econbiz.de/10012458900

Idea Flows, Economic Growth, and Trade

Alvarez, Fernando E. - 2013

reallocation effects. We add to a standard Ricardian model a theory of endogenous growth where the engine of growth is the flow of …

Persistent link: https://www.econbiz.de/10012458995

Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World

Acemoglu, Daron; Robinson, James Alan; Verdier, Thierry - 2012

Because of their more limited inequality and more comprehensive social welfare systems, many perceive average welfare to be higher in Scandinavian societies than in the United States. Why then does the United States not adopt Scandinavian-style institutions? More generally, in an interdependent...

Persistent link: https://www.econbiz.de/10012460215

Innovation and Growth with Financial, and other, Frictions

Chiu, Jonathan - 2011

The generation and implementation of ideas, or knowledge, is crucial for economic performance. We study this process in a model of endogenous growth with frictions. Productivity increases with knowledge, which advances via innovation, and with the exchange of ideas from those who generate them...

Persistent link: https://www.econbiz.de/10012461145

Financial Innovation and Endogenous Growth

Michalopoulos, Stelios - 2009

Is financial innovation necessary for sustaining economic growth? To address this question, we build a Schumpeterian model in which entrepreneurs earn profits by inventing better goods and profit-maximizing financiers arise to screen entrepreneurs. The model has two novel features. First,...

Persistent link: https://www.econbiz.de/10012463294