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Financial development and FDI inflows in China

Khan, Hameed; Khan, Umair - 2019

In this paper, the authors revisit the nexus of financial development and FDI inflows in Chinese perspective, incorporating the vital role of institutional quality and other important variables in this paradigm. Using ARDL bound testing and VECM procedures, they establish causality by exploiting...

Persistent link: https://www.econbiz.de/10012120045

Innovation, finance, and economic growth : an agent-based approach

Fagiolo, Giorgio; Giachini, Daniele; Roventini, Andrea - 2017

This paper extends the endogenous-growth agent-based model in Fagiolo& Dosi (2003) to study the finance-growth nexus. We explore industries where firms produce a homogeneous good using existing technologies, perform R&D activities to introduce new techniques, and imitate the most productive...

Persistent link: https://www.econbiz.de/10011752444

Financial Deregulation and Financial Development, and Subsequent Impact on Economic Growth in the Czech Republic, Hungary and Poland

McGrath, Patricia - 2006

Results support Arestis's theory, that low real interest rates do not prevent economic growth (though he related it to the regulation debate). Here in the deregulation environment, it also stands. Results also support Shaw's assertion that financial liberalisation increases the monetary sector....

Persistent link: https://www.econbiz.de/10014056769

Changing Importance of Financial Sectors for Growth from Transition to Cohesion and European Integration

Fink, Gerhard; Haiss, Peter R.; Vuksic, Goran - 2005

We use a production function approach in investigating the relationship between financial development and economic growth in 9 EU accession - mostly transition countries. These findings are compared with the results for the group of 18 developed countries, and separately, with the results for a...

Persistent link: https://www.econbiz.de/10014067795

Evidence from an emerging market economy on the dynamic connection between financial development and economic growth

Oroud, Yazan; Almahadin, Hamed Ahmad; Alkhazaleh, Mansour; … - In: Research in globalization 6 (2023), pp. 1-5

The main goal of this research article is to analyze the dynamic finance-growth connection using Jordan's developing market economy as a case study. For this, indicators of financial development for the relatively long-term period 1980-2020 have been compiled. This relationship is investigated...

Persistent link: https://www.econbiz.de/10014331644

Stock market growth in Ghana : do financial sector reforms matter?

Kamasa, Kofi; Owusu, Linda; Asante, Grace Nkansa - In: Cogent business & management 10 (2023) 1, pp. 1-21

Owing to the significant role of financial sector reforms in economic growth, several studies have examined its transmission channels. This paper focuses on the stock market channel by investigating the impact of financial sector reforms on stock market growth in Ghana from 1990 to 2019. A...

Persistent link: https://www.econbiz.de/10014467956

Towards inclusive growth in Africa : remittances, and financial development interactive effects and thresholds

Ofori, Isaac Kwesi; Gbolonyo, Emmanuel Y.; Dossou, Toyo … - 2023

The study employs macro data for 42 African countries to examine the interactive and threshold effects of financial development in the remittances-inclusive growth relationship. First, evidence based on the system GMM estimator shows that remittances are not statistically significant in...

Persistent link: https://www.econbiz.de/10014265891

Finance - growth nexus and banking efficiency : The impact of microfinance institutions

Abrar, Afsheen; Hasan, Iftekhar; Kabir, Rezaul - 2021

This paper investigates the relative importance of microfinance institutions (MFIs) at both the macro (financial development, economic growth, income inequality, and poverty) and micro levels (efficiency of traditional commercial banks). We observe a significant impact on most of the fronts....

Persistent link: https://www.econbiz.de/10013324502

Decoupling economic growth and energy use : an empirical cross-country analysis for 10 manufacturing sectors

Mulder, Peter; Groot, Henri L. F. de - 2004

exploring trends in energy- and labour productivity across 10 manufacturing sectors and 14 OECD countries for the period 1970 … considerably to aggregate manufacturing energy-productivity growth and, hence, to decoupling, while in other countries they partly … manufacturing labour-productivity developments. Furthermore, we find labour-productivity growth to be higher on average than energy-productivity …

Persistent link: https://www.econbiz.de/10011334858

The Impact of Plant-Level Resource Allocations and Technical Progress on U.S. Macroeconomic Growth

Petrin, Amil - 2009

for each 4-digit SIC code. Our framework uses the Petrin and Levinsohn (2008) definition of aggregate productivity growth …

Persistent link: https://www.econbiz.de/10013152982