Showing 111 - 120 of 48,217
The paper extends the literature on financial development, inflation, and growth by using the idea that both the rates … of return on physical and human capital affect growth. This leads to the introduction of the investment rate into the … human capital. As a result financial development plays a different role from the typical growth-enhancing effect found …
Persistent link: https://www.econbiz.de/10005149103
augmented random effect panel regressions. We provide evidence that economic growth, rapid urbanization and compelling …
Persistent link: https://www.econbiz.de/10009320553
The main goal of this study is to demonstrate the existence of a significant empirical link between infrastructure and financial sectors reforms the effects of which are reflected in infrastructure sectors performance. This paper reports on the findings of an exploration of this issue for the...
Persistent link: https://www.econbiz.de/10009395117
The main goal of this study is to demonstrate the existence of a significant empirical link between infrastructure and financial sectors reforms the effects of which are reflected in infrastructure sectors performance. This paper reports on the findings of an exploration of this issue for the...
Persistent link: https://www.econbiz.de/10009399295
This paper provides an empirical explanation to the observed disparity in cross-border M&A inflows to developing and developed countries over the last two decades. We show two main results. First, the disparity can be attributed to the difference in the quality of institutions between the two...
Persistent link: https://www.econbiz.de/10009363751
This paper empirically tests whether the host country financial reform promotes the inflow of FDI. We test the hypothesis on the panel data of China. First, Granger causality tests (Granger, 1969; Sims, 1972) show that financial deregulation causes FDI and the causality is unidirectional. Second,...
Persistent link: https://www.econbiz.de/10010554849
This paper examines the role of human capital, individual entrepreneurial traits and the business environment on firms’ life cycle and on job creation in Spain. For this purpose, we have constructed a pseudo-panel, by using the Global Entrepreneurship Monitor survey over the period 2001-2008....
Persistent link: https://www.econbiz.de/10010607887
Using bank accounting data for 22 countries in Asia over the period 1995–2009, this article applies the dynamic panel generalized method of moments technique to investigate the impacts of non-interest income on profitability and risk for 967 individual banks. We find that non-interest...
Persistent link: https://www.econbiz.de/10010753547
This study assesses whether the undertaken reforms in the microfinance industry in the West African Economic and Monetary Union (WAEMU) have promoted sustainability or outreach. To this purpose we use a data envelopment analysis (DEA) to measure the social efficiency on the one hand and the...
Persistent link: https://www.econbiz.de/10010754749
-linear relationship between financial development and growth, we find an inverted U-shaped relationship between finance and growth in the …We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries … financial development does not have a linear positive long-run impact on economic growth in this sample. When we consider a non …
Persistent link: https://www.econbiz.de/10010757725