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The present contribution tests whether countries can be pooled when studying the financegrowth nexus. Overall, our results point toward a ‘pragmatic’ positive answer, though considerable heterogeneity is present among developing countries.
Persistent link: https://www.econbiz.de/10010929064
The present contribution tests whether countries can be pooled when studying the finance-growth nexus. Overall, our …
Persistent link: https://www.econbiz.de/10010273103
The present contribution tests whether countries can be pooled when studying the financegrowth nexus. Overall, our results point toward a ‘pragmatic’ positive answer, though considerable heterogeneity is present among developing countries.
Persistent link: https://www.econbiz.de/10005755203
-specific and time-specific finance-growth coefficients for 71 countries, both developed and developing, from 1960 to 2004. The … linkage between financial development and economic growth. Based on panel threshold regression models, we establish country … affect the non-linearity between financial development and growth, and have the greatest influence on the relationship of two …
Persistent link: https://www.econbiz.de/10009350201
explore the relationship between asset growth, investment, and cash flow and find that firms use all available internal funds … to channel towards asset growth even during the financial crisis. We conclude that firms in Asia were resilient to the …
Persistent link: https://www.econbiz.de/10010617723
growth and financial development indicators. We then investigate whether the links observed in China, India and Brazil … determinant of export productivity. Moreover, except for Brazil, export productivity plays a positive effect on growth, and so … negatively associated with growth. …
Persistent link: https://www.econbiz.de/10010284554
Output growth, investment and the real interest rate are all found empirically to be negatively affected by inflation … occurrence of all three negative inflation effects, on growth, investment and real interest rates, in a model calibrated to … postwar US data. Here, investment along with consumption are exchanged for within a monetary endogenous growth economy with …
Persistent link: https://www.econbiz.de/10010288827
The paper examines the effect of inflation on growth in transition countries. It presents panel data evidence for 13 … find a strong, robust, negative effect on growth, and one that declines in magnitude as the inflation rate increases. These … results include a role for a normalized money demand, by itself and as part of a nonlinearity in the inflation-growth effect …
Persistent link: https://www.econbiz.de/10010288837
Output growth, investment and the real interest rate in long run evidence tend to be negatively affected by inflation …. Theoretically, inflation acts as a human capital tax that decreases output growth and the real interest rate, but increases the …. Inflation then decreases the investment rate, and still decreases both output growth and real interest up to some moderately …
Persistent link: https://www.econbiz.de/10004964186
The paper examines the effect of inflation on growth in transition countries. It presents panel data evidence for 13 … effect on growth of inflation or its standard deviation, and one that appears to decline in magnitude as the inflation rate … increases, as seen for OECD countries. And the results include a role for a normalized money demand in affecting growth, as well …
Persistent link: https://www.econbiz.de/10004964188