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The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However, the size of the estimated growth rate of total...
Persistent link: https://www.econbiz.de/10011477079
The aim of this paper is to investigate the long run relationship between the development of banks and stock markets and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence to test the number of cointegrating vectors among these...
Persistent link: https://www.econbiz.de/10010223077
The nexus between Information Communication Technology (ICT) and stock market development has been predominantly based on studies of the developed markets and high-income economies of the world. The objective of this study was to examine the causal relationship between ICT adoption and stock...
Persistent link: https://www.econbiz.de/10012799415
The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However, the size of the estimated growth rate of total...
Persistent link: https://www.econbiz.de/10014137338
Persistent link: https://www.econbiz.de/10013261120
Persistent link: https://www.econbiz.de/10002295295
Persistent link: https://www.econbiz.de/10003580348
.Design/Methodology/Approach – The estimation technique used is a Two-Stage-Least Squares Instrumental Variable methodology. Channels of democracy … demonstrate that democracy improves investigated stock market performance dynamics.Practical Implications – As a policy … incidence of democracy on stock market performance in an exclusive African context. Political strife has plagued many African …
Persistent link: https://www.econbiz.de/10013047733
stock market data is available for the period 1990-2010. The estimation technique used is a Two-Stage-Least Squares … Instrumental Variable methodology. Political regime channels of democracy, polity and autocracy are instrumented with legal …
Persistent link: https://www.econbiz.de/10012936040
Although international sanctions are a widely used instrument of coercion, their economic effects are still not fully understood. This study uses a novel dataset and an event study approach to evaluate the economic consequences of international sanctions, thereby accounting for pre-treatment...
Persistent link: https://www.econbiz.de/10013232415