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Financial Development and TFP Growth : Cross Country and Industry Level Evidence
Arizala, Francisco - 2009
We estimate the impact of financial development on industry-level TFP growth using a largely unexploited panel of 77 countries with data for 26 manufacturing industries for the years 1963 to 2003. We find a significant relationship between financial development and industry-level TFP growth when...
Persistent link: https://www.econbiz.de/10013160277
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Oil Production Cost, Financial Development, and Economic Growth in Russia
Rustamov, Bezhan - 2019
The study investigates the causal relationship between fossil energy sources, the production cost of oil and financial development on economic growth in Russia. The results show that Russian companies' production cost of oil and oil prices cause economic growth and the one-way causality is...
Persistent link: https://www.econbiz.de/10012872177
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Risk bearing, implicit financial services, and specialization in the financial industry
Wang, J. Christina (contributor); Basu, Susanto (contributor) - 2005
money" theory. Once it is established that only financial services, and not instruments, should be counted as the value …
Persistent link: https://www.econbiz.de/10003346699
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Capital Misallocation and Financial Market Frictions : Empirical Evidence from Equity Cost of Capital
Shen, Junyan - 2022
This paper quantifies the impact of capital misallocation on the loss in total factor productivity (TFP), arising from financial frictions. A two-period model is built to map the dispersion in the cross-sectional borrowing costs into the TFP loss. Equity cost of capital, which closely relates to...
Persistent link: https://www.econbiz.de/10014236591
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Risk Bearing, Implicit Financial Services, and Specialization in the Financial Industry
Wang, J. Christina; Basu, Susanto - 2007
cost of money" theory. Once it is established that only financial services, and not instruments, should be counted as the …
Persistent link: https://www.econbiz.de/10014057033
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Interactions between financial markets and macroeconomic variables in EU : a nonlinear modeling approach
Albu, Lucian-Liviu; Lupu, Radu; Călin, Adrian Cantemir - 2015
There is a general acceptance of the fact that a significant direct relationship between financial markets and macroeconomic variables exists, especially by considering the assertion that developed financial markets correspond to high GDP levels. This paper provides an investigation of the...
Persistent link: https://www.econbiz.de/10011480254
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Islamic securities (ṣukūk) and economic growth : new empirical investigation from Southeast Asia using non-parametric analysis of MCMC panel quantile regression
Ledhem, Mohammed Ayoub; Mekidiche, Mohammed - In: Islamic economic studies 29 (2022) 2, pp. 119-138
Asian region based on the endogenous growth theory using the non-parametric analysis. Design/methodology/approach This paper …-economic growth nexus in Southeast Asia using a robust non-parametric approach based on the endogenous growth theory for better … estimation results. The findings of this review serve as a roadmap for financial analysts, policymakers and decision makers to …
Persistent link: https://www.econbiz.de/10013349868
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The finance-growth-nexus revisited : new evidence and the need for broadening the approach
Haiss, Peter R.; Fink, Gerhard - 2006
Persistent link: https://www.econbiz.de/10003383838
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Essays on production and urban economics
Firestone, Simon - 2006
Persistent link: https://www.econbiz.de/10003971815
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Financial development and productive inefficiency : a robust conditional directional distance function approach
Mallick, Sushanta Kumar; Matousek, Roman; Tzeremes, … - In: Economics letters 145 (2016), pp. 196-201
Persistent link: https://www.econbiz.de/10011618405