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The paper introduces a new specification of the Kuznets curve, where turning point per capita income is conditioned to the level of financial development. Within the proposed framework, it then provides new evidence on real income convergence for the euro area (EA) since the mid-1980s, with a...
Persistent link: https://www.econbiz.de/10013011079
This study investigates whether social inclusion policies promote financial inclusion. Three social inclusion policies were analyzed: gender equality policies, environmental sustainability policies and social protection policies. The study used the panel fixed effect regression methodology to...
Persistent link: https://www.econbiz.de/10014355296
inclusion and studying the impact of financial inclusion on poverty reduction and income inequality in European countries. We … investigate the impact of financial inclusion on poverty and income inequality in 30 European countries during 2004-2019 based on … impact of financial inclusion, on poverty and income inequality, by employing the fixed effect method. The estimates reveal …
Persistent link: https://www.econbiz.de/10013198640
Rousseau and Wachtel (2011) [Rousseau, P., Wachtel, P., 2011. What is happening to the impact of financial deepening on economic growth? Economic Inquiry 49, 276-288] find a weakening effect of bank finance on growth for more recent periods in replicating King and Levine (1993) [King, R. G.,...
Persistent link: https://www.econbiz.de/10013116650
Persistent link: https://www.econbiz.de/10012991852
Historically, Chile has been an economy dominated by mineral and agro-industrial products and subject to frequent external shocks particularly in copper prices. Since the 1980s, the authorities have developed various mechanisms to cope with these shocks and dampen their effects on the domestic...
Persistent link: https://www.econbiz.de/10011617287
The year 2009 is a propitious time to evaluate systems of investor protection in financial markets as global bank losses exceed the 1 trillion mark and market losses equally exceed the 1 trillion mark. Prior to the Global Financial Crisis, the European Union enacted sweeping legislation to...
Persistent link: https://www.econbiz.de/10013157246
The global financial crisis highlighted the interconnectedness of international financial markets and the risk of contagion it posed. The crisis also emphasized the importance of supranational regulation and regulatory cooperation to address that risk. Yet, although capital flows are global,...
Persistent link: https://www.econbiz.de/10012839925
This paper investigates the effect of financial development on the incentives to form business groups. We examine how this relation varies across exogenous industry conditions, legal environments, and firms' life cycle. Using a comprehensive dataset on group affiliation of European firms, we...
Persistent link: https://www.econbiz.de/10012725766
This study provides an overview of UK infrastructure investment and finance in an international context, yielding interesting facts insights for both investors and policy makers worldwide. The UK is one of the leading countries in terms of private sector involvement in infrastructure, with...
Persistent link: https://www.econbiz.de/10012955798