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Finance and economic growth in OECD and G20 countries

Cournède, Boris; Denk, Oliver - 2015

business credit further expansion slows rather than boosts growth. Causality from more credit to slower growth is supported by … exogenous variation in financial size. The empirical analyses point to five factors that link more credit to slower growth: i …) excessive financial deregulation, ii) a more pronounced increase in credit issuance by banks than other intermediaries, iii) too …

Persistent link: https://www.econbiz.de/10011399476

Import competition, domestic regulation and firm-level productivity growth in the OECD

Yahmed, Sarra Ben; Dougherty, Sean M. - 2012

This paper examines how import penetration affects firms' productivity growth taking into account the heterogeneity in firms' distance to the efficiency frontier and country differences in product market regulation. Using firm-level data for a large number of OECD countries, the analysis reveals...

Persistent link: https://www.econbiz.de/10009690932

How do policies influence GDP tail risks?

Caldera Sánchez, Aida; Röhn, Oliver - 2016

This paper explores the relationship between policy settings and extreme positive and negative growth events, what we call GDP tail risks, using quantile regression methods. Conditioning on several country characteristics such as the size, stage of development and openness to trade as well as...

Persistent link: https://www.econbiz.de/10011578170

The 90 % public debt threshold : the rise and fall of a stylished fact

Égert, Balázs - 2013

This paper puts the original Reinhart-Rogoff dataset, made public by Herndon et al. (2013), to a formal econometric test to pin down debt thresholds endogenously. We show that the nonlinear relation from debt to growth is not very robust. Taken with a pinch of salt, our results suggest, however,...

Persistent link: https://www.econbiz.de/10009767743

Challenges to sustain Poland's growth model

Égert, Balázs; Kierzenkowski, Rafał - 2013

Notwithstanding a very strong economic performance over the past decade or so, Poland’s per capita income is substantially lower in comparison with the United States and per capita income growth will be sharply slowing down over the coming decades under the scenario of gradual policy changes...

Persistent link: https://www.econbiz.de/10009767744

Public debt, economic growth and nonlinear effects : myth or reality?

Égert, Balázs - 2012

The economics profession seems to increasingly endorse the existence of a strongly negative nonlinear effect of public debt on economic growth. Reinhart and Rogoff (2010) were the first to point out that a public debt-to-GDP ratio higher than 90% of GDP is associated with considerably lower...

Persistent link: https://www.econbiz.de/10009690882

Debt, financial stability, and economic growth : hearing before the Subcommittee on Telecommunications, Consumer Protection, and Finance of the Committee on Energy and Commerce, Ho...

1986

Persistent link: https://www.econbiz.de/10000720837

The nature of financial and real business cycles : the great moderation and banking sector pro-cyclicality

Égert, Balázs; Sutherland, Douglas - 2012

Persistent link: https://www.econbiz.de/10009690227

Finance for growth : lessons from Japan

Somel, Cem - 1992

Persistent link: https://www.econbiz.de/10000849197

Financing and obstacles for high growth enterprises : the European case

Ferrando, Annalisa; Pal, Rozalia; Durante, Elena - 2019

This paper investigates the links between alternative growth phases of firms and barriers to financing and investment using firm-level information for a representative sample of EU companies. We propose a novel classification of corporates: high growth (HGEs), stable and declining enterprises....

Persistent link: https://www.econbiz.de/10011981501