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Resolving the African Financial Development Gap : Cross-Country Comparisons and a Within-Country Study of Kenya

Allen, Franklin - 2012

With extensive country- and firm-level data sets we first document that the financial sectors of most sub-Saharan African countries remain significantly underdeveloped by the standards of other developing countries. We also find that population density appears to be considerably more important...

Persistent link: https://www.econbiz.de/10012460646

A New Interpretation of Productivity Growth Dynamics in the Pre-Pandemic and Pandemic Era U.S. Economy, 1950-2022

Gordon, Robert J.; Sayed, Hassan - National Bureau of Economic Research - 2022

The dismal decade of 2010-19 recorded the slowest productivity growth of any decade in U.S. history, only 1.1 percent per year in the business sector. Yet the pandemic appears to have created a resurgence in productivity growth with a 4.1 percent rate achieved in the four quarters of 2020. This...

Persistent link: https://www.econbiz.de/10013334484

On Fintech and Financial Inclusion

Philippon, Thomas - 2019

The cost of financial intermediation has declined in recent years thanks to technological progress and increased competition. I document this fact and I analyze two features of new financial technologies that have stirred controversy: returns to scale, and the use of big data and machine...

Persistent link: https://www.econbiz.de/10012480275

Exporting Raises Productivity in Sub-Saharan African Manufacturing Plants

Van Biesebroeck, Johannes - 2003

Proponents of trade liberalization argue that it will force firms to produce closer to the production possibility frontier and that the frontier will move out faster. In particular, plants that export will achieve a higher productivity level. However intuitive the argument, empirical evidence is...

Persistent link: https://www.econbiz.de/10012468678

Keeping It in the Family : Lineage Organization and the Scope of Trust in Sub-Saharan Africa

Moscona, Jacob - 2017

We present evidence that the traditional structure of society is an important determinant of the scope of trust today. Within Africa, individuals belonging to ethnic groups that organized society using segmentary lineages exhibit a more limited scope of trust, measured by the gap between trust...

Persistent link: https://www.econbiz.de/10012455485

Why Not Africa?

Freeman, Richard B. - 1999

Various arguments have been used to explain Sub-Saharan Africa's economic decline. We find that a stress on investments in education as a prerequisite for more rapid growth is misplaced; that greater openness is far from sufficient to insure economic progress; that income inequality and urban bias...

Persistent link: https://www.econbiz.de/10012471865

When Is Quality of Financial System a Source of Comparative Advantage?

Ju, Jiandong - 2008

) which can be used to separate economies of high-quality institutions from those of low-quality institutions. On one hand …, for economies with high-quality institutions, the view that finance follows the real economy is essentially correct …. Equilibrium output and prices are determined by factor endowment. Further improvement in the institutions does not affect patterns …

Persistent link: https://www.econbiz.de/10012464662

Banking and Insurance

Haubrich, Joseph G. - 1984

This paper studies the economic role of financial institutions in economies where agents' incomes are subject to …

Persistent link: https://www.econbiz.de/10012477783

Risk Management in Financial Institutions

Rampini, Adriano A. - 2019

We study risk management in financial institutions using data on hedging of interest rate and foreign exchange risk. We … find strong evidence that institutions with higher net worth hedge more, controlling for risk exposures, both across … institutions and within institutions over time. For identification, we exploit net worth shocks resulting from loan losses due to …

Persistent link: https://www.econbiz.de/10012479649

The Design of Financial Systems : Towards a Synthesis of Function and Structure

Merton, Robert C. - 2004

the ideal frictionless' neoclassical equilibrium for a given institutional structure, new institutions tend to develop …

Persistent link: https://www.econbiz.de/10012468071

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