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Ownership, Control and Corporate Performance After Large-Scale Privatization
Hanousek, Jan; Ko?enda, Evžen; Svejnar, Jan - 2004
-scale privatization economy (Czech Republic). Using specifications based on first-differences and unique instrumental variables, we find … that few types of private ownership improve dynamic post-privatization performance. Concentrated foreign (but not domestic …
Persistent link: https://www.econbiz.de/10009477240
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Liberalization, Corporate Governance, and the Performance of Newly Privatized Firms
Boubakri, Narjess; Cosset, Jean-Claude; Guedhami, Omrance - 2001
This paper seeks to provide an answer to the following question, namely when and how does privatization work? Using a … reforms and environment have an effect on the changes in operating performance. For example, we find that privatization yields … post-privatization performance changes. In particular, economic growth, control relinquishment by the government and …
Persistent link: https://www.econbiz.de/10009477478
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OPTIMAL INFLATIONARY AND RESERVE REQUIREMENT POLICIES: A STUDY OF AN ECONOMY WITH AN INFORMAL SECTOR
Ali, Hamid - 2011
Governments in developing economies often resort to taxing bank money balances through imposition of high reserve requirements and also by relying on seigniorage to finance their deficits. In the context of those practices, this research reported in this paper attempts to answer the following...
Persistent link: https://www.econbiz.de/10009441674
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Financial liberalization or financial development? Tests using Delphi-based index of liberalization
Groenewold, Nicolaas; Peng, Jiangang; Li, Guanzheng; … - 2008
Most empirical analysis of the finance-growth nexus has used measures of financial development such as the ratio of monetary or financial assets to GDP to measure financial development. We argue that from a policy perspective measures of financial liberalisation or reform are of greater interest...
Persistent link: https://www.econbiz.de/10009441682
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Financial Development and International Trade: Regional and Sectoral Analysis
Susanto, Dwi; Rosson, C. Parr; Costa, Rafael F. - 2011
Financial development has been argued as a potential source of comparative advantage and its relationships with trade has been theoretically developed. This theory posits that countries that are well financially developed should experience greater volumes of international trade. We empirically...
Persistent link: https://www.econbiz.de/10009444566
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Finance-growth nexus and effects of banking crisis
Musasiwa, Edmore T. - 2009
Many economists have observed that the financial system has a positive and monotoniceffect on economic growth. In this study we reaffirm the finance-growth nexus. We adopta three-tier approach for the study’s methodology using panel data of 66 countries from1986 to 2005. Firstly, we test for...
Persistent link: https://www.econbiz.de/10009447598
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Financial Development, Financial Structure, and Domestic Investment: International Evidence
Ndikumana, Léonce - 2003
Does it matter for domestic investment whether a country’s financial system is bank based or stock-market based? This paper posits that financial intermediation affects domestic investment notably by alleviating financing constraints, allowing firms to increase investment in response to...
Persistent link: https://www.econbiz.de/10009467754
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Liberalisation, privatisation and the productivity of Egyptian banks: a non-parametric approach
Fethi, Meryem Duygun; Shaban, Mohamed; Weyman-Jones, Thomas - 2010
This paper evaluates the performance of Egyptian banks during a period characterised by changes in economic policies. The Egyptian government's liberalisation policies in the early 1990s have had a positive or negative impact on the performance of the Egyptian banks. In addition, whether the...
Persistent link: https://www.econbiz.de/10009474948
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Financial Development and Technology
Tadesse, Solomon - 2005
Research in development economics reveals that the bulk of cross-country differences in economic growth is attributable to differences in productivity. By some accounts, productivity contributes to more than 60 percent of countries’ growth in per capita GDP. I examine a particular channel...
Persistent link: https://www.econbiz.de/10009476829
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Financial Deregulation and Financial Development, and Subsequent Impact on Economic Growth in the Czech Republic, Hungary and Poland
Grath, Patricia Mc - 2006
Results support Arestis’s theory, that low real interest rates do not prevent economic growth (though he related it to the regulation debate). Here in the deregulation environment, it also stands. Results also support Shaw’s assertion that financial liberalisation increases the monetary...
Persistent link: https://www.econbiz.de/10009476877