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the relationship between firm size, total factor productivity growth and financial structure in China, controlling for the … financing source matters for firm growth is greater for small firms than big firms. Self-raised finance appears to be most … size, finance and growth also depends on ownership. In addition, there exist strong complementarities between formal and …
Persistent link: https://www.econbiz.de/10010273480
world economy. The answer is that rapid growth in China already supports growth elsewhere, so far primarily as a market for …This paper attempts to analyse the economic implications of the rise of China, India, Brazil and South Africa, for … developing countries situated in the wider context of the world economy. It examines the possible impact of their rapid growth on …
Persistent link: https://www.econbiz.de/10010323529
We investigate the growth-finance nexus in an endogenous growth model with search frictions and congestion effects in … calibration close to the U.S. economy, finance has a negative impact on growth. This effect is quantitatively small- consistent … credit and innovation markets. The interplay between these two frictions generates a nonlinear relationship between finance …
Persistent link: https://www.econbiz.de/10015195486
. Studies that do not address endogeneity tend to overstate the effect of finance on growth. While the effect seems to be weaker …We analyze 1334 estimates from 67 studies that examine the effect of financial development on economic growth. Taken … economic growth than other financial intermediaries. We find no evidence of publication bias in the literature. …
Persistent link: https://www.econbiz.de/10010318426
The Finance-Growth Nexus is a classical source of debate among economists. This contribution offers regional evidence … countries. The results for this application support the view that finance leads growth, reject its possible endogeneity and …
Persistent link: https://www.econbiz.de/10010273090
The present contribution tests whether countries can be pooled when studying the finance-growth nexus. Overall, our …
Persistent link: https://www.econbiz.de/10010273103
In this paper we investigate the role of financial development, or more widespread access to all sorts of finance, in … generating economic growth in four Latin American countries between 1980 and 2007. The results, based on panel time-series data … and analysis, confirm the Schumpeterian prediction which suggests that finance authorises the entrepreneur to invest in …
Persistent link: https://www.econbiz.de/10010305619
.S. employers to estimate the effects of financial access on employment growth. Our methods combine regressions with matching on … constraints impede small business growth prior to loan receipt. We also investigate the variation in estimated employment effects …
Persistent link: https://www.econbiz.de/10011307476
services on growth. Causality analysis is performed with seven financial development and three growth indicators in the …
Persistent link: https://www.econbiz.de/10011390792
The economic history of Argentina presents one of the most dramatic examples of divergence in the modern era. What happened and why? This paper reviews the wide range of competing explanations in the literature and argues that, setting aside deeper social and political determinants, the various...
Persistent link: https://www.econbiz.de/10011994330