This paper examines the dynamic impact of interest ratereforms on economic growth in Zambia—using two models in a stepwisefashion. In the first model, the efficacy of interest rate liberalization isexamined by regressing the interest rate on the level of financial deepening.In the second...

The causal relationship between financial development and economic growth is acontroversial issue. For developing countries, empirical studies have provided mixedresult. This study seeks to empirically explore the relationship and the causal linkbetween financial development and economic growth...

financial globalization has many economic implications for countries. On one hand, it provides protection against national shocks and more efficient global allocation of resources. On the other hand, the financial interlinkage driven by globalization increases the exposure of countries to the...

In this work we intend to review from a critical perspective the ‘patrimonial capitalism’ approach, as well as its analysis of wage-labor transformations in developed economies during the last thirty years. For this purpose, we take the economies of France and the United States as study...

This paper studies the relation between firm's financing choices and financial globalization. Using an East Asian and Latin American firm-level panel for the 1980s and 1990s, we study how leverage ratios, debt maturity structure, and sources of financing change when economies are liberalized and...

Jau keletą dešimtmečių diskutuojama apie globalizacijos sampratą, jos priežastis bei poveikį šalims, jų vystymuisi. Vieningos nuomonės apie globalizacijos poveikį, būdų tam poveikiui matuoti nėra. Šiame Magistro baigiamajame darbe išanalizuota ir įvertina prekybos bei finansų...

The threat of global warming is bringing a new pro-environmental paradigm all over the world under the Kyoto Protocol. Addressing climate change is beneficial to all countries because environment is global public good. However, because global warming is also closely related to each country’s...

This thesis investigates the determinants of the use of debt and leasing in the UK using a comprehensive measure of debt and leases, in recognition of the link between lease and debt-type financing decisions, based on financial contracting theory and the tax advantage hypothesis. The design of...

The main aim of the paper is to examine the short- and medium-term empirical link between current account balances and a broad set of (economic) variables proposed by theoretical and empirical literature. The paper focuses on the Middle East and North Africa (MENA), an economically diverse...

Incluye bibliografía ; El estimador de Arellano y Bond (1991) es muy popular entre los investigadores empíricos para estimar modelos dinámicos de panel con efectos fijos y regresores endógenos. Sin embargo, dicho estimador puede presentar sesgos cuando el número de unidades del panel (N) es...