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Law, finance, economic growth and welfare : why does legal origin matter?

Asongu, Simplice A. - 2011

This paper proposes and empirically validates four theories of why legal origin influences growth and welfare through … finance. It is a natural extension of "Law and finance: why does legal origin matter?" by Thorsten Beck, Asli Demirgüç …) hypotheses that English common-law countries tend to have better developed financial intermediaries than French civil-law …

Persistent link: https://www.econbiz.de/10011410416

Law and Islamic Finance : How Legal Origins Affect Islamic Finance Development?

Grassa, Rihab - 2015

to assess empirically why and how Shari'a Law's legal origins adopted wholly or partially (combined with Common or Civil … Law) could explain the level of development of Islamic finance in different jurisdictions. Firstly, we found that …, adopting a mixed legal system based on Common Law and Shari'a Law, were characterized by the flexibility of their legal systems …

Persistent link: https://www.econbiz.de/10013011419

The Inequality of Influence

Hellman, Joel S.; Kaufmann, Daniel - 2003

This paper develops a proxy measure of the inequality of influence on the basis of survey evidence from 2002 Business Environment and Enterprise Performance Survey (BEEPS) conducted among 6,500 firms in 27 transition countries. We refer to the resulting inequality as crony bias in the political...

Persistent link: https://www.econbiz.de/10014088240

Corruption, growth, and the environment : a cross-country analysis

Welsch, Heinz - 2003

The relationship between per capita income and a number of pollution indicators has been found to display an inverted U-shaped or downward-sloping pattern. Corruption may affect this relationship in two distinct ways: by raising pollution at given income levels (direct effect) and by reducing...

Persistent link: https://www.econbiz.de/10011438821

Does financial literacy improve financial inclusion? : cross country evidence

Grohmann, Antonia; Klühs, Theres; Menkhoff, Lukas - 2018

While financial inclusion is typically addressed by improving the financial infrastructure, we show that a higher degree of financial literacy also has a clear beneficial effect. We study this effect at the cross-country level, which allows us to consider institutional variation. Regarding...

Persistent link: https://www.econbiz.de/10011902705

Does financial literacy improve financial inclusion? : cross country evidence

Grohmann, Antonia; Klühs, Theres; Menkhoff, Lukas - 2017

While financial inclusion is typically addressed by improving the financial infrastructure we show that financial literacy, representing the demand-side of financial markets, also has a beneficial effect. We study this effect at the cross-country level, which allows to consider institutional...

Persistent link: https://www.econbiz.de/10011716181