This paper aims to investigate the long-run relationship between financial development and economic growth using panel unit root and panel cointegration analysis in 16 selected low-income countries for the period of 20 years from 1995 to 2014. The long-run relationship has been estimated using...

Sources of economic growth in Ghana have not been clear. Several studies have contributed to the finance and growth literature with little attention on remittances and the joint effect of financial sector development and remittances. This paper uses macrodata to examine the linkages between...

This paper, using the most recent index of financial development as developed in an IMF publication by Svirydzenka, examines the role of overall financial development, financial institutions, and financial markets in the export performance of Nepal employing the Autoregressive distributed lag...

The literature on the relationship between ESG disclosure and economic growth is relatively non-existent. Thus, this paper highlights the importance of taking this relationship into account in current sustainable policies. The main objective of extra-financial Disclosure is to mitigate...

Die vorliegende Arbeit untersucht zum ersten Mal sowohl die Beziehung der Nettoemissionsvolumina der aggregierten Anleihen als auch der einzelnen Anleihensektoren separat zum Wirtschaftswachstum. Des Weiteren werden erstmals Quartalsdaten verwendet. Granger-Kausalitäten werden für Zeitreihen...

The aggregate saving indicator does not directly reflect changes in individuals' microeconomic behavior. From the official statistics' point of view, households choose between spending, which generates additional income and consumption in the economy, and setting money aside, which does not....

In the 1980s and 90s of the last century, one economic paradigm gained power: financial development was considered as a major determinant of economic growth and productivity (Levine, Loayza and Beck 2000). Typically, paradigms are based on assumptions. Reality made a reconsideration of the...

Sources of economic growth in Ghana have not been clear. Several studies have contributed to the finance and growth literature with little attention on remittances and the joint effect of financial sector development and remittances. This paper uses macrodata to examine the linkages between...

Mahnungen, die Finanzwirtschaft müsse sich wieder in den Dienst an der Realwirtschaft stellen, erinnern an traditionelle "Theorien des gerechten Preises", in denen einträgliche Geschäftspraktiken mit fraglichem Wohlstandsbeitrag problematisiert wurden. Der Beitrag zeigt auf, dass diese Sicht...

The economies of developed countries of the 21st century benefit from the unseen-till-now prosperity; life standard that suffered a hard landing starting with 2007 and that seems to evolve in a chain-saw model for the crisis development. The forecast is based on the first in, last out" principle;...