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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/10011751875
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
Economic theory suggests that sound and efficient financial systems channel capitals to its most productive uses are beneficial for economic growth. Sound and efficient financial systems are especially important for sustaining growth in developing countries. This paper examines the impact of...
Persistent link: https://www.econbiz.de/10012896518
Up to a point, banks and markets both foster economic growth. Beyond that limit, expanded bank lending or market-based financing no longer adds to real growth. But when it comes to moderating business cycle fluctuations, banks and markets differ considerably in their effects. In normal...
Persistent link: https://www.econbiz.de/10013052174
Liquidity creation (the transformation of liquid liabilities into illiquid assets) by banks is positively associated with economic growth at both country and industry levels. Liquidity creation boosts tangible, but not intangible investment and does not contribute to growth in countries with a...
Persistent link: https://www.econbiz.de/10012830176
There are relatively few studies that use micro data to shed light on the relationship between finance and economic growth - the few that exists show that there is a positive relationship between debt and future productivity growth. Meanwhile, several new macro-econometric studies have shown...
Persistent link: https://www.econbiz.de/10011582310