Showing 1 - 10 of 1,565
This study investigated two key questions: what is the impact of industrialisation on urbanisation in Africa? and to … what extent does financial development affect this industrialisation- urbanisation nexus? To elicit answers to these … panel estimator. The findings showed that industrialisation had positive and significant effects on urbanisation. Further …
Persistent link: https://www.econbiz.de/10014416025
The paper assesses how remittances directly and indirectly affect industrialisation in a panel of 49 African countries … persistence in industrialisation and (iii) Instrumental Quantile Regressions (QR) to account for initial levels of … industrialisation. The non-interactive specification elucidates direct effects of remittances on industrialisation whereas interactive …
Persistent link: https://www.econbiz.de/10011542423
Persistent link: https://www.econbiz.de/10012802420
Persistent link: https://www.econbiz.de/10012260860
This paper aims to study the impacts of financial development, urbanization, and globalization on income inequality in the People's Republic of China. It applies the regression-based inequality decomposition approach on a panel dataset, which is aggregated from a unique database of financial...
Persistent link: https://www.econbiz.de/10011594242
Persistent link: https://www.econbiz.de/10011843620
A developed financial system is essential in a market economy. This paper studies the importance of the development of financial markets in general, and the stock market in particular, from the review of existing literature in the area of the relationship between financial development and...
Persistent link: https://www.econbiz.de/10011499741
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
While financial inclusion is typically addressed by improving the financial infrastructure, we show that a higher degree of financial literacy also has a clear beneficial effect. We study this effect at the cross-country level, which allows us to consider institutional variation. Regarding...
Persistent link: https://www.econbiz.de/10011902705
While financial inclusion is typically addressed by improving the financial infrastructure we show that financial literacy, representing the demand-side of financial markets, also has a beneficial effect. We study this effect at the cross-country level, which allows to consider institutional...
Persistent link: https://www.econbiz.de/10011716181