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Financial reforms and innovation : a micro-macro perspective
Boikos, Spyridon; Bournakis, Ioannis; Dimitris, … - 2021
We develop a horizontal R&D growth model that allows us to investigate the different channels through which financial … sector produces a straightforward result: a decrease in lending rates which stimulates R&D investment and economic growth …
Persistent link: https://www.econbiz.de/10012508542
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Does private equity investment spur innovation? : evidence from Europe
Popov, Alexander; Roosenboom, Peter - 2009
covering the period 1991-2004, we study how private equity finance affects patent applications and patent grants. We address …
Persistent link: https://www.econbiz.de/10003867027
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3-step analysis of public finances sustainability : the case of the European Union
Afonso, António (contributor);  … - 2008
We use a 3-step analysis to assess the sustainability of public finances in the EU27. Firstly, we perform the SURADF specific panel unit root test to investigate the meanreverting behaviour of general government expenditure and revenue ratios. Secondly, we apply the bootstrap panel cointegration...
Persistent link: https://www.econbiz.de/10003782655
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Finance and diversification
Manganelli, Simone; Popov, Alexander - 2010
-term growth. We find that financial markets increase substantially the speed with which the observed sectoral allocation of output … faster for sectors that have a higher "natural" long-term risk-adjusted growth and which exhibit higher information frictions …. Our results are robust to using various proxies for financial development, to accounting for the endogeneity of finance …
Persistent link: https://www.econbiz.de/10009640281
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Financial regulation, financial globalization and the synchronization of economic activity
Kalemli-Ozcan, Sebnem; Papaioannou, Elias; Peydró, … - 2010
that become more integrated over time have less synchronized growth patterns, conditional on global shocks and country …
Persistent link: https://www.econbiz.de/10009640319
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Financing obstacles among euro area firms
Ferrando, Annalisa; Griesshaber, Nicolas - 2011
In this study we investigate the determinants of financing obstacles using survey data on a sample of around 5000 firms from the euro area countries. This completely new survey – started at the end of 2009 - gives us the opportunity to test whether firm characteristics such as size, age,...
Persistent link: https://www.econbiz.de/10009640626
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Which households use banks?
Beck, Thorsten; Brown, Martin - 2011
This paper uses survey data for 29,000 households from 29 transition economies to explore how the use of banking services is related to household characteristics, bank ownership structure and the development of the financial infrastructure. At the household level we find that the holding of a...
Persistent link: https://www.econbiz.de/10009640628
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Finance and diversification
Manganelli, Simone; Popov, Alexander - 2010
-term growth. We find that financial markets increase substantially the speed with which the observed sectoral allocation of output … faster for sectors that have a higher "natural" long-term risk-adjusted growth and which exhibit higher information frictions …. Our results are robust to using various proxies for financial development, to accounting for the endogeneity of finance …
Persistent link: https://www.econbiz.de/10008688519
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Which households use banks? : evidence from the transition economies
Beck, Thorsten; Browning, Martin James - 2011
ability of policy levers to broaden the financial system to disadvantaged groups. - Access to finance ; Bank …
Persistent link: https://www.econbiz.de/10008901459
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Financing obstacles among euro area firms : who suffers the most?
Ferrando, Annalisa; Griesshaber, Nicolas - 2011
In this study we investigate the determinants of financing obstacles using survey data on a sample of around 5000 firms from the euro area countries. This completely new survey - started at the end of 2009 - gives us the opportunity to test whether firm characteristics such as size, age,...
Persistent link: https://www.econbiz.de/10008901467