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effects on growth for the most part. The positive effects are evident because the governance indicators compliment financial …
Persistent link: https://www.econbiz.de/10012242055
This study examines how income-driven governance affects inclusive human development in Sub-Saharan Africa with data …. Nine bundled and unbundled concepts of governance are used: political (voice & accountability and political stability …) governances. The main finding is that "middle income"-driven governance has a higher effect on inclusive human development than …
Persistent link: https://www.econbiz.de/10012025637
The purpose of this paper is to develop an analytical framework for discussing the link between financial systems and economic growth. Financial systems help overcome an information asymmetry between borrowers and lenders. If they do not function well, economic growth will be negatively...
Persistent link: https://www.econbiz.de/10012115569
This study investigates the relationship between cashless payments and economic growth in selected OECD countries. Using annual data from 2007 to 2016, our results indicate that: Firstly, cashless payment stimulates economic growth in OECD countries. Specifically, the growth-enhancing effect is...
Persistent link: https://www.econbiz.de/10014558496
Purpose: This study aims to assess the impact of financial development and financial inclusion on economic growth in Kenya by investigating the long-run relationships among them. Design/methodology/approach: This study uses bank claims on the private sector and broad money to proxy for financial...
Persistent link: https://www.econbiz.de/10013185565
In this study, we rely on the extension of the endogenous growth theory to consider the role of ICT diffusion in the finance-growth nexus theoretically informed via the supply-leading and demand-following theses. Motivated by cur-rent realities highlighting the significance of information and...
Persistent link: https://www.econbiz.de/10012664318
The trilogy among economic growth, social capital (SC), and financial development is exami ned based on three hypotheses: first, SC is important in the finance-growth nexus. Second, th ere is a threshold effect of SC in the finance-growth nexus. Third, the SC-finance-growth tril ogy depends on...
Persistent link: https://www.econbiz.de/10012801019
The "law and finance theory" predicts that the common law system provides the best basis for financial development and economic growth, followed by Scandinavian and German origin civil law and finally French origin civil law. This paper summarises the key points of the theory as well as a number...
Persistent link: https://www.econbiz.de/10003767745
The volatility of unanticipated output growth in income per capita is detrimental to long-run development, controlling for initial income per capita, population growth, human capital, investment, openness and natural resource dependence. This effect is significant and robust over a wide range of...
Persistent link: https://www.econbiz.de/10003832092
Persistent link: https://www.econbiz.de/10003880417