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There is mixed support for the hypothesis that the banking sector is a channel for economic growth. While most studies on economic growth in Gulf Cooperation Council (GCC) countries have not distinguished between conventional banks and Islamic banks, this study contributes to the empirical...
Persistent link: https://www.econbiz.de/10011327916
Purpose - In a meta-study on the finance-growth nexus, we have bridged the gap between Schumpeterian authors and … sympathizers of a questionable finance-growth nexus. Design/methodology/approach - Over 20 fundamental characteristics that have … focused on the finance-growth nexus. …
Persistent link: https://www.econbiz.de/10011390831
Purpose - In a meta-study, we have bridged the gap between the pros and cons of a questionable finance-growth nexus … genuine effect exists between financial development and economic growth. A finance-growth nexus might not be appealing in our … consistent with the mainstream positive finance-growth nexus should provide new scholarly insights into the relationship …
Persistent link: https://www.econbiz.de/10011390843
The existence of equilibrium is a test of the internal consistency of an economic model. In any model with domestic moneys and dividend-yielding assets, the first question is: will money be dominated by assets in equilibrium? In cash-in-advance models domestic moneys always have positive...
Persistent link: https://www.econbiz.de/10009441845
In the first chapter, we consider the logistic regression model with an integrated regressor. In particular, we derive the limit distributions of the nonlinear least squares (NLS) estimators and their t-ratios. It is shown that the NLS estimators are generally not efficient. Moreover, the...
Persistent link: https://www.econbiz.de/10009441897
This dissertation includes three essays on decision-making by boundedly rational economic agents. The first essay deals with decision-making by firms where decision-making is costly. The other two essays deal with decision-making by individuals. Taken together, the last two argue that...
Persistent link: https://www.econbiz.de/10009441899
The thesis shows two possible ways in which intergenerational redistributions associated with a reform from a comprehensive income tax to a direct consumption tax are affected when the standard models studying this phenomenon are extended.The usual models studying the welfare impact of a direct...
Persistent link: https://www.econbiz.de/10009441903
-base and the R+F-base--and the importance of the firm's choices between local debt finance and parent multinational finance is …
Persistent link: https://www.econbiz.de/10009441909
The dissertation is composed of three papers on institutions and development, with special focus on Vietnam. The first paper, "Club Good and Contract Enforcement," investigates the contract enforcement power of the communities whose members participate voluntarily. By investing in club goods,...
Persistent link: https://www.econbiz.de/10009441917
We lay a unified foundation for a theory of general equilibrium by proving the existence of an equilibrium for a grand model which covers all the well-known general equilibrium models under the convexity and continuity assumptions. The grand model allows an economy to have an extended list of...
Persistent link: https://www.econbiz.de/10009441940