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The aggregate saving indicator does not directly reflect changes in individuals' microeconomic behavior. From the …) choose to save, because the aggregate saving statistical indicator is a residual concept defined as the ensuing difference … the aggregate saving rate, productivity growth and lending. Meanwhile, a genuine increase in the average individual …
Persistent link: https://www.econbiz.de/10011751875
The aggregate saving indicator does not directly reflect changes in individuals’ microeconomic behavior. From the … investment) choose to save, because the aggregate saving statistical indicator is a residual concept defined as the ensuing … fluctuations in the aggregate saving rate, productivity growth and lending. Meanwhile, a genuine increase in the average individual …
Persistent link: https://www.econbiz.de/10011806421
The aggregate saving indicator does not directly reflect changes in individuals' microeconomic behavior. From the …) choose to save, because the aggregate saving statistical indicator is a residual concept defined as the ensuing difference … the aggregate saving rate, productivity growth and lending. Meanwhile, a genuine increase in the average individual …
Persistent link: https://www.econbiz.de/10011752165
The aggregate saving indicator does not directly reflect changes in individuals' microeconomic behavior. From the …) choose to save, because the aggregate saving statistical indicator is a residual concept defined as the ensuing difference … aggregate saving rate, productivity growth and lending. Meanwhile, a genuine increase in the average individual propensity to …
Persistent link: https://www.econbiz.de/10012942283
Macroprudential policy mainly aims to enhance financial stability and reduce the possibility of costly financial crises. However, to achieve this, macroprudential policy decisions may have some unintended side effects on economic growth. The paper provides an empirical framework for...
Persistent link: https://www.econbiz.de/10014581555
During the last years the relationship between financial development and economic growth has received widespread attention in the literature on growth and development. This paper summarises in its first part the results of this research, stressing the growth-enhancing effects of an increased...
Persistent link: https://www.econbiz.de/10010330134
This paper presents empirical support for the existence of wealth effects in the contribution of financial intermediation to economic growth, and offers a theoretical explanation for these effects. Using GMM dynamic panel data techniques applied to study the growth-promoting effects of financial...
Persistent link: https://www.econbiz.de/10005572616
financing. In several transition countries credit has similar maturity structure to that in Western Europe, while in other … transition countries credit remains mostly short-term. Several factors explain these differences: the political and institutional … of credit information sharing institutions. In contrast, the share of foreign owned banks and banking sector competition …
Persistent link: https://www.econbiz.de/10008852026
This paper examines how financial development affects the sources of growth-productivity and investment-using a sample of 145 countries for the period 1960-2011. We employ a range of econometric approaches, focusing on the CCA and MENA countries. The analysis looks beyond financial depth to...
Persistent link: https://www.econbiz.de/10012950363
This study examines the rapid expansion and diffusion of Islamic banking and its relationship with real economic activity in Pakistan. Additionally, the study also highlights the functional role of Islamic banking for greater economic activity and growth in Pakistan. Two major balance sheet...
Persistent link: https://www.econbiz.de/10012952970