Showing 1 - 10 of 9,520
the study indicate that bank competition inspires industrial growth, particularly the growth of the financially dependent …
Persistent link: https://www.econbiz.de/10013492424
Theoretical and empirical research has shown that a sound and effective financial system is critical for economic development and growth. The financial system, however, is also subject to boom and bust cycles and fragility, with negative repercussions for the real economy. Further, the political...
Persistent link: https://www.econbiz.de/10013117353
Postcrisis policy responses tilted in favor of strengthening the global regulatory system and financial stability have limited the attention paid to the role of finance in supporting sustained economic growth and development. This has special implications for Asia which, despite being the new...
Persistent link: https://www.econbiz.de/10013111393
This paper proposes and empirically validates four theories of why legal origin influences growth and welfare through finance. It is a natural extension of "Law and finance: why does legal origin matter?" by Thorsten Beck, Asli Demirgüç-Kunt and Ross Levine (2003). We find only partial support...
Persistent link: https://www.econbiz.de/10011410416
Industries in a country are subject to two sources of shifts to growth opportunities: one is global and industry-specific, affecting each industry equally across countries; the other is local and country-specific, affecting all industries within the same country equally. By implementing the...
Persistent link: https://www.econbiz.de/10013129902
The relationships among competition in the financial sector, access of firms to external financing, and associated … economic growth are ambiguous in theory. Moreover, measuring competition in the financial sector can be complex. In this paper … Claessens and Laeven first estimate for 16 countries a measure of banking system competition based on industrial organization …
Persistent link: https://www.econbiz.de/10014067598
whether mobile phones, economic growth, bank competition and stability matter for financial inclusion. Data from 49 countries …. There was evidence to show that financial inclusion responds positively and significantly to shocks in bank competition …
Persistent link: https://www.econbiz.de/10012023995
hypothesis for India over a period of time. However, two important policy implications of the analysis presented in this paper …
Persistent link: https://www.econbiz.de/10013054647
Finance is a vital ingredient for economic growth, but there can also be too much of it. This study investigates what fifty years of data for OECD countries have to say about the role of the financial sector for economic growth and income inequality and draws policy implications. Over the past...
Persistent link: https://www.econbiz.de/10013017061
Persistent link: https://www.econbiz.de/10000131129