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Bank Savings and Bank Credits in Nigeria: Determinants and Impact on Economic Growth
Anthony, Orji - In: International Journal of Economics and Financial Issues 2 (2012) 3, pp. 357-372
private savings, private sector credit, public sector credit, interest rate spread, exchange rates and economic growth. We …
Persistent link: https://www.econbiz.de/10010556624
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Wealth, Financial Intermediation and Growth
Gaytan, Alejandro; Ranciere, Romain - Barcelona Graduate School of Economics (Barcelona GSE) - 2004
This paper presents empirical support for the existence of wealth effects in the contribution of financial intermediation to economic growth, and offers a theoretical explanation for these effects. Using GMM dynamic panel data techniques applied to study the growth-promoting effects of financial...
Persistent link: https://www.econbiz.de/10010547099
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FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH: A NEW EMPIRICAL EVIDENCE FROM THE MENA COUNTRIES, 1989-2001
AL-ZUBI, Khaled; AL-RJOUB, Samer; ABU-MHAREB, E - In: Applied Econometrics and International Development 6 (2006) 3
by adding new four financial indicators in the second stage of the empirical test to measure the effect of public credit … affect economic growth. The modified model shows that only pubic credit to domestic credit (PUBCR) indicator has a …
Persistent link: https://www.econbiz.de/10005063002
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Banking Sector Openness and Economic Growth
Bayraktar, Nihal; Wang, Yan - In: Margin: The Journal of Applied Economic Research 2 (2008) 2, pp. 145-175
Banking sector openness may directly increase growth by improving the quality of financial services and increasing funds available, or indirectly by improving the efficiency of financial intermediaries, both of which may reduce the cost of financing, in turn, increase capital accumulation and...
Persistent link: https://www.econbiz.de/10010781188
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Substitution or complementary effects between banking and stock markets: Evidence from financial openness in Taiwan
Cheng, Su-Yin - In: Journal of International Financial Markets, … 22 (2012) 3, pp. 508-520
, which coincides with the period of financial openness. In addition, the substitution effect between credit and equity …
Persistent link: https://www.econbiz.de/10010572107
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The Maturity Structure of Bank Credit: Determinants and Effects on Economic Growth
Tasic, Nikola; Valev, Neven - Narodna Banka Srbije - 2008
financing. In several transition countries credit has similar maturity structure to that in Western Europe, while in other … transition countries credit remains mostly short-term. Several factors explain these differences: the political and institutional … of credit information sharing institutions. In contrast, the share of foreign owned banks and banking sector competition …
Persistent link: https://www.econbiz.de/10008852026
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Wealth, financial intermediation and growth
Gaytan, Alejandro; Rancière, Romain - Department of Economics and Business, Universitat … - 2004
This paper presents empirical support for the existence of wealth effects in the contribution of financial intermediation to economic growth, and offers a theoretical explanation for these effects. Using GMM dynamic panel data techniques applied to study the growth-promoting effects of financial...
Persistent link: https://www.econbiz.de/10005572616
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Using sentiment surveys to predict GDP growth and stock returns
Guzman, Giselle C. - Volkswirtschaftliche Fakultät, … - 2008
This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...
Persistent link: https://www.econbiz.de/10009647399
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Optimal Control of Infinite-Horizon Growth Models — A direct approach
Lopes, Mário Amorim; Fontes, Fernando A. C. C.; … - Faculdade de Economia, Universidade do Porto - 2013
We propose a framework to solve dynamic nonlinear infinite-horizon models like those found in the standard economic growth literature. We employ a direct method to solve the underlying optimal control problem, something novel in the economic literature. Instead of deriving the necessary...
Persistent link: https://www.econbiz.de/10010842592
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Solution of Perfect Foresight Saddlepoint Problems: A Simple Method and Applications
Brunner, Martin; Strulik, Holger - Institut für Makroökonomie und Wirtschaftspolitik, … - 1998
Economists frequently confine themselves to the qualitative analysis of continuous optimization problems or they restrict their quantitative analysis to inaccurate methods like linearization around the steady state. The fact that the solution is characterized by an inherently unstable adjustment...
Persistent link: https://www.econbiz.de/10005823527