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approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … ignores differences in bank product quality and design, as well as the attractiveness of innovations. We measure competition …This paper is the first that applies a new measure of competition, the Boone indicator, to the banking industry. This …
Persistent link: https://www.econbiz.de/10011604814
The study decomposes the sources of Chinese growth by first making a distinction between technological progress and technical efficiency in the growth accounting framework, and then identifying a series of reform programmes, such as urbanization, structural change, privatization, liberalization,...
Persistent link: https://www.econbiz.de/10010284622
Policy makers in Europe have been concerned that lack of product market competition have led productivity to lag behind … the US. Theoretical models are ambiguous about the direction of the effect that product market competition should have on … productivity. On the one hand increasing competition lowers firm's profits and thus reduces incentives to exert effort (the …
Persistent link: https://www.econbiz.de/10010293022
stress in Mexico and this retards the growth of skills of workforce. (2) The informal sector is large, mostly due to the …
Persistent link: https://www.econbiz.de/10010274259
This paper examines the process of trade liberalisation in Mexico, particularly since the mid-1980s and the signing of …
Persistent link: https://www.econbiz.de/10010290687
liberalisation involved in the North American Free Trade Agreement (NAFTA) on exports, imports and the balance of payments in Mexico … slowdown of Mexico's growth in recent years. NAFTA has not delivered the improved growth performance that was promised by … Mexico's political leaders at the time. …
Persistent link: https://www.econbiz.de/10010290694
With this paper we seek to contribute to the literature on the relation between finance and growth. We argue that most studies in the field fail to measure the quality of financial intermediation but rather resort to using proxies on the size of financial systems. Moreover, cross-country...
Persistent link: https://www.econbiz.de/10010295910
period 1998-2005 and discusses the results from the perspective of corporate bank strategy. Methodologically the existing … concentration of the national financial sector have a considerable impact on a bank's financial performance. Both issues proved to …
Persistent link: https://www.econbiz.de/10010298954
While macroprudential policy has mostly focused on the role of banks, we argue that pension funds are also important for financial stability. Drawing on previous research on pension funds, we explain how their actions can have a vital impact on other financial institutions as well as on...
Persistent link: https://www.econbiz.de/10014334701
Persistent link: https://www.econbiz.de/10010323601