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, productivity growth and capital accumulation. Moreover, there is evidence of a positive contribution to the process stemming from …
Persistent link: https://www.econbiz.de/10010311699
To clarify the causal links between financial activity and economic growth, three theoretical models are analyzed and a structural equation path models is estimated. In the modeling part, poverty traps result from large fixed costs or high proportions of real investment to run a financial...
Persistent link: https://www.econbiz.de/10010305424
resources, which raises productivity. Relying on provincial panel data from China, this paper attempts to examine if regional … productivity growth is accounted for by the deepening process of financial development. Towards this end, an appropriate … measurement of financial depth is constructed and then included as a determinant of productivity growth. It finds that a …
Persistent link: https://www.econbiz.de/10010284703
This paper estimates the impact of financial development on industry-level total factor productivity (TFP) growth using …
Persistent link: https://www.econbiz.de/10010278217
This paper reviews the main features of the banking and financial sector in ten new EU members, and then examines the relationship between financial development and economic growth in these countries by estimating a dynamic panel model over the period 1994-2007. The evidence suggests that the...
Persistent link: https://www.econbiz.de/10010271094
The paper recounts the history of the finance-growth nexus research from its origins to the yearly 1990s. The contributions are analyzed in connection with the socioeconomic context and advances in economic theory. Many ideas first expressed decades ago are still subject to constant discussions...
Persistent link: https://www.econbiz.de/10010311172
Persistent link: https://www.econbiz.de/10010323601
The paper surveys the literature on the effects of finance on productivity growth. In both the theoretical and … growth. Clearer positive effects emerge when considering growth channels related to productivity dynamics, with the estimated …
Persistent link: https://www.econbiz.de/10010320420
The benefits from the New Economy should accrue as improvements in productivity and economic growth. But while the use … apparent ‘productivity paradox’. The most obvious one is the fact that not many countries, other than the US, have yet invested …
Persistent link: https://www.econbiz.de/10010279209
Persistent link: https://www.econbiz.de/10014306480