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Bank efficiency and the bond markets : evidence from the Asia and Pacific region
Park, Donghyun; Tian, Shu; Wu, Qiongbing - 2020
This study examines the impact of bond markets on both bank profit and cost efficiency. By employing the stochastic … efficiency. The development of bond markets generally has a positive (negative) effect on bank profit (cost) efficiency. Given … local currency corporate bonds is significantly and positively related to both bank profit and cost efficiency. In addition …
Persistent link: https://www.econbiz.de/10012181894
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Trajectories to high income : comparing the growth dynamics in China, Korea, and Japan with cointegrated VAR models
Murach, Michael; Wagner, Helmut; Kim, Jungsuk; Park, … - 2020
We analyze and compare the patterns of economic growth and development in China, Korea, and Japan in the post … offer potentially valuable lessons for China. China is following a structural change that Korea and Japan underwent decades … for China and Korea than for Japan. Our hypothesis tests show that the estimated Cobb-Douglas production functions display …
Persistent link: https://www.econbiz.de/10012206280
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Trajectories to high income : comparing the growth dynamics in China, South Korea, and Japan with cointegrated VAR models
Murach, Michael; Wagner, Helmut; Kim, Jungsuk; Park, … - In: Structural change and economic dynamics : SC+ED 62 (2022), pp. 492-511
Persistent link: https://www.econbiz.de/10013534077
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Financial development, financial openness, and economic growth
Estrada, Gemma; Park, Donghyun; Ramayandi, Arief - 2015
A sound and efficient financial system is an indispensable ingredient of economic growth. It consists primarily of banks and capital markets, which channel savings into investments and other productive activities that contribute to economic growth and augment the economy's productive capacity....
Persistent link: https://www.econbiz.de/10011305264
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Growth slowdowns redux
Eichengreen, Barry; Park, Donghyun; Shin, Kwanho - In: Japan and the world economy : international journal of … 32 (2014), pp. 65-84
Persistent link: https://www.econbiz.de/10011286650
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Economic growth, financial development, and income inequality
Park, Donghyun; Shin, Kwanho - 2015
The central objective of our paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes...
Persistent link: https://www.econbiz.de/10011305273
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Growth slowdowns redux : new evidence on the middle-income trap
Eichengreen, Barry; Park, Donghyun; Shin, Kwanho - 2013
Persistent link: https://www.econbiz.de/10009710697
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Financial development and output growth in developing Asia and Latin America : a comparative sectoral analysis
Aizenman, Joshua; Jinjarak, Yothin; Park, Donghyun - 2015
Persistent link: https://www.econbiz.de/10010495512
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Growth Slowdowns Redux : New Evidence on the Middle-Income Trap
Eichengreen, Barry - 2013
We analyze the incidence and correlates of growth slowdowns in fast-growing middle-income countries, extending the analysis of an earlier paper (Eichengreen, Park and Shin 2012). We continue to find dispersion in the per capita income at which slowdowns occur. But in contrast to our earlier...
Persistent link: https://www.econbiz.de/10013089017
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Financial Development, Financial Openness, and Economic Growth
Estrada, Gemma Bolotaulo - 2016
A sound and efficient financial system is an indispensable ingredient of economic growth. It consists primarily of banks and capital markets, which channel savings into investments and other productive activities that contribute to economic growth and augment the economy's productive capacity....
Persistent link: https://www.econbiz.de/10013002511