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Does access to credit improve productivity ? Evidence from Bulgarian firms
Gatti, Roberta; Love, Inessa - Economics Research, World Bank Group - 2006
Although it is widely accepted that financial development is associated with higher growth, the evidence on the channels through which credit affects growth on the micro-level is scant. Using data from a cross section of Bulgarian firms, the authors estimate the impact of access to credit (as...
Persistent link: https://www.econbiz.de/10005133548
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Stock markets, growth, and policy
Levine, Ross - Economics Research, World Bank Group - 1990
This paper shows how stock markets can accelerate growth and how policy can affect that growth either directly (by altering investment incentives) or indirectly (by changing the incentives underlying the creation of financial contracts). To help explain the role of financial markets in economic...
Persistent link: https://www.econbiz.de/10005030389
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How does the debt crisis affect investment and growth? : a neoclassical growth model applied to Mexico
Arrau, Patricio - Economics Research, World Bank Group - 1990
Most economists and specialists in international finance believe that the debt crisis hurts macroeconomic performance, particularly discouraging investment and growth oriented structural reforms. Identifiying the link between the foreign debt overhang and macroeconomic performance is essential...
Persistent link: https://www.econbiz.de/10005116438
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Does Inflation Targeting Matter for Output Growth? Evidence from Industrial and Emerging Economies
Varella Mollick, Andre; Torres, Rene Cabral; Carneiro, … - Economics Research, World Bank Group - 2008
"globalization years" of 1986-2004. Controlling for trade openness and two indicators of financial globalization, the authors find … the treatment of endogenous globalization measures. …
Persistent link: https://www.econbiz.de/10005128498
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Convergence in institutions and market outcomes: cross-country and time-series evidence from the business environment and enterprise performance surveys in transition economies
Mitra, Pradeep; Muravyev, Alexander; Schaffer, Mark E. - Economics Research, World Bank Group - 2009
This paper uses firm-level data from the Business Environment and Enterprise Performance Surveys to study the process of convergence of transition countries with developed market economies. The study focuses on competition and market structure, finance and the structure of lending to firms, and...
Persistent link: https://www.econbiz.de/10005106885
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The impact of credit information sharing reforms on firm financing?
Peria, Martinez; Soledad, Maria; Singh, Sandeep - Economics Research, World Bank Group - 2014
This paper analyzes the impact of introducing credit information-sharing systems on firms'access to finance. The analysis uses multi-year, firm-level surveys for 63 countries covering more than 75,000 firms over the period 2002-13. The results reveal that credit bureau reforms, but not credit...
Persistent link: https://www.econbiz.de/10010938489
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Weather insurance savings accounts
Stein, Daniel Kevin; Tobacman, Jeremy - Economics Research, World Bank Group - 2015
Better insurance against rainfall risk could improve the security of hundreds of millions of agricultural households around the world. However, customers have shown little demand for stand-alone insurance products. This paper theoretically and experimentally analyzes an innovative financial...
Persistent link: https://www.econbiz.de/10011249501
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Equity and bond flows to Asia and Latin America : the role of global and country factors
Chuhan, Punam; Claessens, Constantijn A.; Mamingi, Nlandu - Economics Research, World Bank Group - 1993
The authors investigate what has motivated the large portfolio flows to several developing countries in recent years. Using monthly data on U.S. capital flows to nine Latin American and nine Asian countries (instead of monthly reserves data), they analyze the behavior of bond and equity flows to...
Persistent link: https://www.econbiz.de/10005079515
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Funding growth in bank-based and market-based financial systems : evidence from firm level data
Demirguc-Kunt, Asli; Maksimovic, Vojislav - Economics Research, World Bank Group - 2000
bank-based financial systems. Using firm-level data for forty countries, they compute the proportion of firms in each … development of a country's legal system predicts access to external finance, and that stock markets, and the banking system have … long-term financing, whereas the development of the banking sector is related more to the availability of short …
Persistent link: https://www.econbiz.de/10005079516
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Behavioral responses to risk in rural China
Jalan, Jyotsna; Ravallion, Martin - Economics Research, World Bank Group - 1998
Does risk perpetuate poverty in a credit-constrained economy? Jalan and Ravallion study portfolio and other behavioral responses to measured risk using household panel data for rural China. One-quarter of wealth is held in unproductive liquid forms. But only a small share of this appears to be a...
Persistent link: https://www.econbiz.de/10005079517