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Revisiting the finance and growth nexus : a deeper look at sectors and instruments

Unger, Robert - 2019

neutral. Furthermore, when controlling for the sectoral allocation of financing, no specific instrument - e.g. bank credit or …

Persistent link: https://www.econbiz.de/10011962798

Financial development and income inequality

Weychert, Ewa - In: Central European economic journal 7 (2020) 54, pp. 84-100

This paper analyses the influence of financial development on income inequality. Throughout this work, one may find the overview of theoretical and empirical literature as well as the empirical model using fixed panel data method. This research paper tries to disentangle the opposing views on...

Persistent link: https://www.econbiz.de/10012303710

Nascent Markets : Understanding the Success and Failure of New Stock Markets

Albuquerque de Sousa, Jose Alexandre - 2016

We study the success and failure of 59 newly established (“nascent”) stock markets since 1975 in their first 40 years of activity. Nascent markets differ markedly in their success, as measured by number of listings, market capitalization, and trading activity. Long-term success is in part...

Persistent link: https://www.econbiz.de/10012979221

Nascent markets : Understanding the success and failure of new stock markets

Albuquerque de Sousa, Jose Alexandre; van Bergeijk, … - 2023

We study the success and failure of newly established stock markets, as measured by listings, market capitalization, and trading activity. Early success is a necessary but not sufficient condition for long-term success, while small population, high corruption, limited law and order, low...

Persistent link: https://www.econbiz.de/10014254151

Finance-growth nexus and the p-bias : evidence from OECD countries

Hahn, Franz R. - 2004

Recent empirical OECD studies provide new empirical evidence confirming that financial development is closely linked to economic growth in OECD countries. Using new dynamic panel regression techniques, these appraisals indicate that within the group of high income countries stock market size as...

Persistent link: https://www.econbiz.de/10011494195

Do financial systems spur economic growth in the USA? : an empirical investigation

Nyasha, Sheilla; Odhiambo, Nicholas M. - In: Panoeconomicus 66 (2019) 2, pp. 165-185

Persistent link: https://www.econbiz.de/10012159377

Analysis of the Impact of Financial Development Indicators of the Banking, Insurance and Pension Sectors on Economic Growth in Nigeria

Igwe, Gloria U.; Magaji, S.; Darma, Nazifii A. - 2022

The study examined the impact of financial development indicators of the banking, insurance and pension sectors on economic growth in Nigeria. The financial development indicators of the sectors utilised were ratios of net domestic credit, gross premium and total pension assets. Quarterly data...

Persistent link: https://www.econbiz.de/10013406829

Financial Development and Economic Growth : The Role of Foreign-Owned Banks in CESEE Countries

Bongini, Paola - 2017

control for banks' financial strength. Our results challenge the idea that bank credit fosters economic growth and that …

Persistent link: https://www.econbiz.de/10012956602

Economic performance in bank-based and market-based financial systems : do non-financial institutions matter?

Uzunkaya, Mehmet - In: Journal of applied finance & banking 2 (2012) 5, pp. 159-176

matter for the relative merits of bank-based and market-based financial systems. Market-based systems work better in low rule … of law countries, while bank-based systems are more efficient in high-rule of law countries. These results are consistent … with the premise that market-based systems’ superiority in solving the incomplete information problem dominates over bank …

Persistent link: https://www.econbiz.de/10009673697

Remeasuring bank-based or market-based financial system : Using China as an example

Shen, Chung‐Hua; Hsu, Hsing-Hua - 2021

a bank-based financial system. However, some scholars find that China has a market-based financial system. This study … tries to resolve this puzzle. Following the definitions of the World Bank, we construct China’s financial structure index … with stock issuance amount, China is bank-based, which aligns with economic intuition …

Persistent link: https://www.econbiz.de/10013238293