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activity and economic growth using data from 31 regions of China over the period 1997-2011. Empirical results indicate that the … running from economic growth to insurance activity in 7 regions. Regarding the direction of insurance activity to economic … growth nexus, we find a one-way Granger causality from insurance activity to economic growth for Jiangsu, Zhejiang, and …
Persistent link: https://www.econbiz.de/10010702343
-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
allocated to political allies is ineffective for growth, whereas aid extended to countries that are not allies is highly …
Persistent link: https://www.econbiz.de/10010653526
that hinder the establishment and growth of promising businesses, and as a result, stifle economic development more …
Persistent link: https://www.econbiz.de/10010653545
implications in terms of investment, economic growth, inflation and income distribution. Despite its relevance, financial …
Persistent link: https://www.econbiz.de/10010849670
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
rational for provincial officials to raise investment rates to maximize local growth and thereby their chance of promotion …
Persistent link: https://www.econbiz.de/10010819246
We replicate and reanalyse the most influential study of microcredit impacts (Pitt and Khandker, 1998). That study was celebrated for showing that microcredit reduces poverty, a much hoped-for possibility (though one not confirmed by recent randomized controlled trials). We show that the...
Persistent link: https://www.econbiz.de/10010705866
In this paper, we implement Granger causalty tests using panel data as methodology perfected by Hurlin (2004, 2005) and Hurlin and Venet(2004). We consider the bilateral trade patterns of the European Union with 17 countries over the period 1976-2000. We show that for the whole sample, there are...
Persistent link: https://www.econbiz.de/10010707814
finds that financial structure is significantly cointegrated to both economic growth and its volatility. In particular, the … relationship is positive in nature, suggesting that more market-based countries enjoy faster economic growth but suffer more from … of sensitivity checks, including the problem of endogeneity, the use of different financial structure (and growth …
Persistent link: https://www.econbiz.de/10010719389