Showing 1 - 10 of 1,583
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...
Persistent link: https://www.econbiz.de/10009457729
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...
Persistent link: https://www.econbiz.de/10009457808
Persistent link: https://www.econbiz.de/10010353250
This paper investigates the determinants of fiscal decentralisation, focusing in particular on the impact of the level of income on the level of fiscal decentralisation. Various measures of fiscal decentralisation, several of them novel in this context, are employed in a cross-country...
Persistent link: https://www.econbiz.de/10009448196
components analysis to construct an index of financial liberalisation for China. Much of China’s financial development has been …
Persistent link: https://www.econbiz.de/10009441682
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
The paper addresses the significance of financial development as a possible determinant of economic growth. Economists and policymakers in transition economies and emerging markets are certainly aware of the key role that, in a market economy, the financial system is supposed to play in the...
Persistent link: https://www.econbiz.de/10009448648
This thesis examines the relationship between the development of the financial systemand economic growth in the United Kingdom, using a time series econometricmethodology. It extends the existing literature in three ways. First, it applies adisaggregated approach, testing the relationship not...
Persistent link: https://www.econbiz.de/10009461286
This dissertation is an investigation into one of the important functions of the banking system: to transform short-term liquid deposits into long-term illiquid financial assets that can fund long gestation activities and, thus, raise the rate of economic growth. To investigate this function...
Persistent link: https://www.econbiz.de/10009463373
Evaluations of China's stock market range from extremely favourable assessments that emphasise GDP growth rates …-term profitability to the exclusion of alternative interpretations. This paper investigates the stock market performance in China through … that China's stock market, which is mainly accessible to large state-owned enterprises (SOEs), can be seen as adaptive and …
Persistent link: https://www.econbiz.de/10009481514