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and short-term planning horizon can also lead to such underinvestment. Subsequently, banks can stimulate growth …
Persistent link: https://www.econbiz.de/10010274757
growth and financial development indicators. We then investigate whether the links observed in China, India and Brazil … determinant of export productivity. Moreover, except for Brazil, export productivity plays a positive effect on growth, and so … negatively associated with growth. …
Persistent link: https://www.econbiz.de/10010284554
major determinant of economic growth and productivity (Levine, Loayza and Beck 2000). Typically, paradigms are based on … that financial development and credit booms might not only support growth but jeopardize the whole economic system. While … there exists a huge literature on the finance growth nexus before the international financial crisis analyses on post …
Persistent link: https://www.econbiz.de/10012153547
and short-term planning horizon can also lead to such underinvestment. Subsequently, banks can stimulate growth …-specific investment ; growth …
Persistent link: https://www.econbiz.de/10009010059
An influential strand of literature starting with the Nobel Prize winning work of Oliver Williamson (1971, 1975) argues that a rational agent underinvests in relationship-specific assets due to the possibility of an opportunistic behaviour on the part of her contractual partner. We first combine...
Persistent link: https://www.econbiz.de/10013133692
Up to a point, banks and markets both foster economic growth. Beyond that limit, expanded bank lending or market …-based financing no longer adds to real growth. But when it comes to moderating business cycle fluctuations, banks and markets differ …
Persistent link: https://www.econbiz.de/10013052174
Banks (but not stock markets) promote economic growth by facilitating relationship-specific investment between buyers …
Persistent link: https://www.econbiz.de/10013037905
also curb output growth by affecting credit supply and investment. Using data for a panel of 64 advanced and emerging … and less volatile GDP growth. These effects are influenced by each economy's openness and financial development. Finally …, we find that non-systematic macroprudential interventions tend to be detrimental to growth …
Persistent link: https://www.econbiz.de/10012947090
This paper analyses the effect of bank profitability on economic growth. While policymakers have shown major concerns … for low levels of bank profitability, there are no empirical studies on the growth effects of bank profitability. To fill … this gap, we investigate the impact of bank profitability on economic growth using a sample of 133 countries during the …
Persistent link: https://www.econbiz.de/10012915566
and short-term planning horizon can also lead to such underinvestment. Subsequently, banks can stimulate growth …
Persistent link: https://www.econbiz.de/10013093852