Narrow search
Showing 1 - 10 of 9,633
Cover Image
Financial Development and Source of Growth : New Evidence
Ben Naceur, Sami - 2017
This paper examines how financial development affects the sources of growth-productivity and investment-using a sample of 145 countries for the period 1960-2011. We employ a range of econometric approaches, focusing on the CCA and MENA countries. The analysis looks beyond financial depth to...
Persistent link: https://www.econbiz.de/10012950363
Cover Image
Financial deepening in Mexico
Herman, Alexander; Klemm, Alexander - In: Journal of banking and financial economics 1 (2019) 11, pp. 5-18
International comparisons reveal that - even controlling for a host of explanatory factors - credit depth is … exceptionally low in Mexico. Using panel data methods linking credit growth and fundamentals, this paper estimates a long-term gap … between actual and expected credit of about 40 percent of GDP. Possible explanations include the history of banking crises …
Persistent link: https://www.econbiz.de/10012112941
Cover Image
Discovering the true Schumpeter: New insights into the finance and growth nexus
Bofinger, Peter; Geißendörfer, Lisa; Haas, Thomas; … - 2022
credit growth supports GDP growth while saving is irrelevant for credit growth and GDP growth. In sum, a correct … misrepresentation of the role of banks and liquidity creation and the role of household saving. After a critical discussion of the …
Persistent link: https://www.econbiz.de/10013207024
Cover Image
Discovering the true Schumpeter : new insights into the finance and growth nexus
Bofinger, Peter; Geißendörfer, Lisa; Haas, Thomas; … - 2022
credit growth supports GDP growth while saving is irrelevant for credit growth and GDP growth. In sum, a correct … misrepresentation of the role of banks and liquidity creation and the role of household saving. After a critical discussion of the …
Persistent link: https://www.econbiz.de/10013201693
Cover Image
Financial development and economic growth : evidence from a panel of 16 African and non-African low-income countries
Bist, Jagadish Prasad - In: Cogent economics & finance 6 (2018) 1, pp. 1-17
, it is found that flow of credit to the private sector is very low in this region of the world. Thus, one of the important …
Persistent link: https://www.econbiz.de/10011904249
Cover Image
Financial Development, Technological Progress and Economic Growth
Ductor, Lorenzo - 2016
This paper contributes to the empirical literature on the non-trivial relationship between financial development and economic growth. Based on panel data from 98 developed and developing countries, we show that for smooth economic development, balanced growth of both the industrial and financial...
Persistent link: https://www.econbiz.de/10013008316
Cover Image
Financial Liberalization and Growth in Ghana : An Application of the ARDL Bounds Testing Approach
Adam, Anokye M. - 2009
In this paper we examined the impact of the liberalization of financial sector on growth in small open economy of Ghana using time series data from 1970 to 2007. Using autoregressive distributed lag (ARDL) modelling approach we find long-run positive and significant impact of financial...
Persistent link: https://www.econbiz.de/10014210241
Cover Image
Investment in relationship-specific assets : does finance matter?
Strieborny, Martin; Kukenova, Madina - 2011
Existing literature sees opportunistic behaviour of contractual partners as the main reason why rational agents underinvest in relationship-specific assets. We look beyond this well-know holdup problem and argue that financial vulnerability and short-term planning horizon can also lead to such...
Persistent link: https://www.econbiz.de/10009010059
Cover Image
Investment in Relationship-Specific Assets : Does Finance Matter?
Strieborny, Martin - 2011
An influential strand of literature starting with the Nobel Prize winning work of Oliver Williamson (1971, 1975) argues that a rational agent underinvests in relationship-specific assets due to the possibility of an opportunistic behaviour on the part of her contractual partner. We first combine...
Persistent link: https://www.econbiz.de/10013133692
Cover Image
Financial Development and Inclusion in the Caribbean
Li, Chuan - 2018
country's own macroeconomic fundamentals. SMEs, in particular, remain severely credit constrained, and data to inform better …
Persistent link: https://www.econbiz.de/10012922629