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Determining the Poolability of Individual Series in Panel Datasets

Kapetanios, George - School of Economics and Finance, Queen Mary - 2003

assumed to have common values across panel units. However, the assumption of poolability has not been studied extensively … series for which the poolability hypothesis fails. We discuss its theoretical properties and investigate its small sample …

Persistent link: https://www.econbiz.de/10005106412

A simple sieve bootstrap range test for poolability in dependent cointegrated panels

Di Iorio, Francesca; Fachin, Stefano - In: Economics Letters 116 (2012) 2, pp. 154-156

We develop a sieve bootstrap range test for poolability of cointegrating regressions in dependent panels and evaluate …

Persistent link: https://www.econbiz.de/10011041703

Business cycles: A role for imperfect competition in the banking system

Mandelman, Federico S. - 2006

This paper studies the cyclical pattern of ex post markups in the banking system using balance-sheet data for a large set of countries. Markups are strongly countercyclical even after controlling for financial development, banking concentration, operational costs, inflation, and simultaneity or...

Persistent link: https://www.econbiz.de/10010292221

Dynamic Optimal Capital Structure and Technological Change

Lööf, Hans - 2003

This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in firm?s equity or bank-debt financing investments. Using a dynamic adjustment approach identifies the determinants to capital structure between different financial systems. In...

Persistent link: https://www.econbiz.de/10010298124

What drives portfolio investments of German banks in emerging capital markets?

Wildmann, Christian - 2010

After decades of steady liberalisation and financial market development, emerging capital markets experienced unparalleled capital inflows in the aftermath of the emerging markets crisis in the 1990s. This paper studies portfolio investment decisions of German banks in 30 emerging capital...

Persistent link: https://www.econbiz.de/10010300704

Is the Relationship between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle Income Countries

Samargandi, Nahla; Fidrmuc, Jan; Ghosh, Sugata - 2014

-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/10010352371

Does private equity investment spur innovation? Evidence from Europe

Popov, Alexander; Roosenboom, Peter - 2009

covering the period 1991-2004, we study how private equity finance affects patent applications and patent grants. We address …

Persistent link: https://www.econbiz.de/10011605109

Financial development and economic growth: Evidence from a panel of 16 African and non-African low-income countries

Bist, Jagadish Prasad - In: Cogent Economics & Finance 6 (2018) 1, pp. 1-17

This paper aims to investigate the long-run relationship between financial development and economic growth using panel … growth. The long-run panel estimates indicate that financial development has a positive and significant impact on economic … growth. For the robustness of the results, this paper has also performed time-series analysis on a single country basis. The …

Persistent link: https://www.econbiz.de/10011988841

Can we predict vulnerability to poverty?

Zhang, Yuan; Wan, Guanghua - 2008

There are alternative definitions of vulnerability to poverty. Most researchers prefer to define vulnerability as the probability of a household or individual falling into poverty in the future. Based on this definition and using household survey panel data from rural China, this paper attempt...

Persistent link: https://www.econbiz.de/10010273515

The financial inclusion agenda: Examining the role of conventional banks in deepening access to formal credit

Iddrisu, Abdul Malik; Danquah, Michael - 2021

Using a unique district-level panel data set, we investigate the effect of banking system penetration on financial inclusion in Ghana. To purge potential endogeneity bias in the underlying relationship, we exploit a change in the policy environment of the Ghanaian banking system to instrument...

Persistent link: https://www.econbiz.de/10012651145