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The aggregate saving indicator does not directly reflect changes in individuals' microeconomic behavior. From the …) choose to save, because the aggregate saving statistical indicator is a residual concept defined as the ensuing difference … the aggregate saving rate, productivity growth and lending. Meanwhile, a genuine increase in the average individual …
Persistent link: https://www.econbiz.de/10011751875
The aggregate saving indicator does not directly reflect changes in individuals’ microeconomic behavior. From the … investment) choose to save, because the aggregate saving statistical indicator is a residual concept defined as the ensuing … fluctuations in the aggregate saving rate, productivity growth and lending. Meanwhile, a genuine increase in the average individual …
Persistent link: https://www.econbiz.de/10011806421
Macroprudential policy mainly aims to enhance financial stability and reduce the possibility of costly financial crises. However, to achieve this, macroprudential policy decisions may have some unintended side effects on economic growth. The paper provides an empirical framework for...
Persistent link: https://www.econbiz.de/10014581555
There are relatively few studies that use micro data to shed light on the relationship between finance and economic growth - the few that exists show that there is a positive relationship between debt and future productivity growth. Meanwhile, several new macro-econometric studies have shown...
Persistent link: https://www.econbiz.de/10011582310
Liquidity creation (the transformation of liquid liabilities into illiquid assets) by banks is positively associated with economic growth at both country and industry levels. Liquidity creation boosts tangible, but not intangible investment and does not contribute to growth in countries with a...
Persistent link: https://www.econbiz.de/10012830176
Economic theory suggests that sound and efficient financial systems channel capitals to its most productive uses are beneficial for economic growth. Sound and efficient financial systems are especially important for sustaining growth in developing countries. This paper examines the impact of...
Persistent link: https://www.econbiz.de/10012896518
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...
Persistent link: https://www.econbiz.de/10012915566
also curb output growth by affecting credit supply and investment. Using data for a panel of 64 advanced and emerging …
Persistent link: https://www.econbiz.de/10012947090
This paper examines how financial development affects the sources of growth-productivity and investment-using a sample of 145 countries for the period 1960-2011. We employ a range of econometric approaches, focusing on the CCA and MENA countries. The analysis looks beyond financial depth to...
Persistent link: https://www.econbiz.de/10012950363
by adding new four financial indicators in the second stage of the empirical test to measure the effect of public credit … affect economic growth. The modified model shows that only pubic credit to domestic credit (PUBCR) indicator has a …
Persistent link: https://www.econbiz.de/10014215360