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In recent years, the Islamic finance industry has attracted the attention of policy makers and international donors as a possible channel through which to expand financial inclusion, particularly among Muslim adults. Yet cross-country, demand-side data on actual usage and preference gaps in...
Persistent link: https://www.econbiz.de/10010829422
The core principles of Islam lay great emphasis on social justice, inclusion, and sharing of resources between the … instruments can offer Shariah-compliant microfinance, financing for small and medium enterprises, and micro-insurance to enhance …-sharing instruments to target the poor sector of society to offer a comprehensive approach to eradicating poverty and to build a healthy …
Persistent link: https://www.econbiz.de/10009395497
The issuance of sukuk, as an instrument in Islamic finance, has been growing in recent years. Many policy makers and businesses are looking at the sukuk markets as sources of long-term financing. The paper identifies key issues impeding further development of sukuk markets globally, namely,...
Persistent link: https://www.econbiz.de/10011095589
Does an unregulated financial system absorb too many productive inputs? This paper studies this question in the context of a dynamic model with heterogeneous producers. In the absence of a financial system, the only way to purchase inputs is using internal funds. Producers are subject to...
Persistent link: https://www.econbiz.de/10010583847
This paper examines firm entryand survival in exporting, and in products and markets not previously served by any domestic exporters. The authors use data on the nontraditional agriculture sector in Peru, which grew seven-fold from 1994 to 2007. They find tremendous firm entry and exit in the...
Persistent link: https://www.econbiz.de/10008506258
Firms have multiple options at the time of adjusting their wage bills. However, previous literature has mainly focused on base wages. This paper broadens the analysis beyond downward rigidity in base wages by investigating the use of other margins of labor cost adjustment at the firm level....
Persistent link: https://www.econbiz.de/10008507928
microfinance institutions. They find evidence that competition matters. Greater bank penetration in the overall economy is … lending contracts (rather than the group lending methods favored by microfinance nongovernmental organizations). The analysis …
Persistent link: https://www.econbiz.de/10008517657
How important is firm turnover to national productivity growth? The literature points to the contribution of creative destruction being strongest in more developed countries or where market institutions are strongest. This paper looks at the case of Morocco, spanning 16 years, during which...
Persistent link: https://www.econbiz.de/10008476420
Size, age, sector, and productivity are commonly cited as factors determining a firm’s survival. However, there are several dimensions of the investment climate in which the firm operates that affect whether it continues in business or exits. This paper uses new panel data from 27 Eastern...
Persistent link: https://www.econbiz.de/10008476421
Using survey data from 86,000 enterprises in 104 countries, including 17,000 enterprises in 31 Sub-Saharan African countries, this paper finds that average enterprise-level employment growth rates are remarkably similar across regions. This is true despite significant differences in the quality...
Persistent link: https://www.econbiz.de/10008489551