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There is ample evidence from economic growth literature that investment accelerates economic growth and development of … focused more on encouraging private sector investment through the development of the financial sector. This paper investigates … the short- and long-run impact of financial development on private investment in Ghana for the years 1970 …
Persistent link: https://www.econbiz.de/10011610224
Persistent link: https://www.econbiz.de/10002921322
provides an exhaustive analysis of casuality between aggregate private investment and financial development. GMM estimation on …
Persistent link: https://www.econbiz.de/10012733054
The increasing dominance of finance starting in the late 1970s/early 1980s in the US and the UK, and somewhat later in other countries, was associated with two fundamental and structural processes generating the contradictions of this phase of development and finally the financial and economic...
Persistent link: https://www.econbiz.de/10011431645
and investment. Based on the literature considered, it can be concluded that there is little consensus to date on the … direction of causality between financial development and investment. The study concludes that most of the research done on the … causal relationship between financial development and investment is highly skewed towards assessing the causal relationship …
Persistent link: https://www.econbiz.de/10011877345
Persistent link: https://www.econbiz.de/10013262818
firms' investment is funded using financial markets. I then construct a dynamic equilibrium model that matches these … of financial assets, directing funds towards investment opportunities, and charge an intermediation spread to cover their … investment volatility …
Persistent link: https://www.econbiz.de/10013064818
firms' investment is funded using financial markets. I then construct a dynamic equilibrium model that matches these … of financial assets, directing funds towards investment opportunities, and charge an intermediation spread to cover their … investment volatility …
Persistent link: https://www.econbiz.de/10013038047
level investment sensitivity to cash flow is used to identify financing constraints. We find that the sensitivities are … importantly, the cash flow sensitivity of investment is lower in countries with better-developed financial markets. This suggests …
Persistent link: https://www.econbiz.de/10013317411
In this paper we present a theory of the financing of investment in a modern capitalist economy, following the approach … used to finance positions in assets is of critical importance, both for theory and for real-world outcomes. In the first … section we present the investment theory of the business cycle developed by John Maynard Keynes, and then examine Minsky …
Persistent link: https://www.econbiz.de/10003773512