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This paper presents an integrated overview of the literature linking institutions, financial development and economic … impact of institutions on growth through financial development. …
Persistent link: https://www.econbiz.de/10011290078
Persistent link: https://www.econbiz.de/10011756983
The paper models the incentives for a self-interested government to implement good policies. While good policies lead to investment and growth, they reduce the government's ability to increase supporters' consumption. The model predicts that resource abundance is conductive to poor policies and,...
Persistent link: https://www.econbiz.de/10012782830
This paper traces the different attempts to explain the role and the effects of public debt on national economies from the late 17th century to the postwar period of the 20th century. Its main emphasis lies in the treatment of public debt in the mercantilist, classical and post-classical period...
Persistent link: https://www.econbiz.de/10013040497
tropical country (Mexico), interpreted the connections between natural resources, institutions and growth. The apparent paradox … of institutions in explaining the inferior economic performance of Latin America as compared to North America. Humboldt … natural wealth on institutions and therefore on growth, a theme conspicuous in the modern literature about the "natural …
Persistent link: https://www.econbiz.de/10014188018
The impact of financial development (FD) on economic growth (EG) is well documented. However, studies on how inflation mediates the impact of FD on EG produce inconclusive findings. Meanwhile, the tripartite relationship among FD, inflation and EG is particularly crucial for sub-Saharan African...
Persistent link: https://www.econbiz.de/10013431455
This paper shows that the notion of rate of return is best understood through the lens of the average-internal-rate-of-return (AIRR) model, first introduced in Magni (2010a). It is an NPV-consistent approach based on a coherent definition of rate of return and on the notion of Chisini mean, it...
Persistent link: https://www.econbiz.de/10012962027
This article examines various conditions for optimality in financial inclusion. The optimal level of financial inclusion is achieved when basic financial services are provided to members of the population at a price that is affordable and that price is also economically sufficient to encourage...
Persistent link: https://www.econbiz.de/10012839900
This article presents several theories of financial inclusion. Financial inclusion is the ease of access to, and the availability of, basic financial services to all members of the population. Financial inclusion means that individuals and businesses have access to useful and affordable...
Persistent link: https://www.econbiz.de/10012842980
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