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? We argue that if this was the case, financially developed countries should see faster growth in industries with … investment opportunities due to global demand and productivity shifts. Testing this cross-industry cross-country growth …
Persistent link: https://www.econbiz.de/10005772470
results indicate that lower service regulation translates into faster value added, productivity, and export growth of … downstream service-intensive industries. The negative growth-effect of anti-competitive regulation is particularly relevant in …
Persistent link: https://www.econbiz.de/10005113605
International industry data permits testing whether the industry-specific impact of cross-country differences in institutions or policies is consistent with economic theory. Empirical implementation requires specifying the industry characteristics that determine impact strength. Most of the...
Persistent link: https://www.econbiz.de/10008684683
examine the relationship between financial development and economic growth in Zimbabwe. Using annual data from 1980 to 2012 … runs from financial development to economic growth. The evidence shows that financial development; banking sector … development in particular, is not a passive response to economic growth. Instead, it is a critical tool for accelerating economic …
Persistent link: https://www.econbiz.de/10011268772
Dynastic management is the inter-generational transmission of control over assets that is typical of family-owned firms. It is pervasive around the world, but especially in developing countries. We argue that dynastic management is a potential source of inefficiency: if the heir to the family...
Persistent link: https://www.econbiz.de/10005136641
. This paper runs a cross-sector panel regression of the Italian value added growth on the OECD PMR sectoral regulation … understanding of the effects of regulation on national value added growth with relevant implications for policy making. The results …
Persistent link: https://www.econbiz.de/10010850511
Empirical results on the link between financial development and economic growth is mixed in Turkey. However, existing … extended periods. As a consequence of such instabilities, Turkish economy has shown frequent growth accelerations and collapses … the role of overall macroeconomic instability and public borrowing on finance-growth nexus in Turkey by using time series …
Persistent link: https://www.econbiz.de/10010850449
the relationship between finance and growth. Section I describes the role of financial development in economic growth at …
Persistent link: https://www.econbiz.de/10005046080
Our legacy financial infrastructure has both limited growth opportunities and contributed to the inequality of … enormous by any metric. The result is less investment and decreased economic growth. Decentralized finance, or DeFi, poses a …
Persistent link: https://www.econbiz.de/10013235184
The purpose of this study is to investigate whether enhancing financial access influences productivity in Sub-Saharan Africa. The research focuses on 25 countries in the region with data for the period 1980-2014. The adopted empirical strategy is the Generalised Method of Moments. The credit...
Persistent link: https://www.econbiz.de/10012112220