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As emphasized by Hausmann, Rodrik and Velasco, the policy challenge of boosting growth requires prioritization and identifying what are the most binding constraints. This paper draws on firm-level data from the World Bank Enterprise Survey, which suggests that the obstacles for the functioning...
Persistent link: https://www.econbiz.de/10011142074
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
In existing economic literature on finance and economy, it is argued and generally accepted that financial …
Persistent link: https://www.econbiz.de/10009451225
The causal relationship between financial development and economic growth is acontroversial issue. For developing countries, empirical studies have provided mixedresult. This study seeks to empirically explore the relationship and the causal linkbetween financial development and economic growth...
Persistent link: https://www.econbiz.de/10009457808
Joseph A. Schumpeter is one of the most famous economists of the 20th century and the 'patron saint' of the finance and … important variables of the finance and growth literature. Our empirical analysis above all supports Schumpeter's view that …
Persistent link: https://www.econbiz.de/10013207024
This paper investigates the impact of financial development on economic growth in the West African Monetary Zone (WAMZ) from 1990 through 2015 using a Heterogeneous Panel Data Approach. The study made use of Two (2) financial indicators: liquid liabilities of the financial system as a percent of...
Persistent link: https://www.econbiz.de/10013362901