Showing 1 - 10 of 326,721
financing constraints of R&D investment or not. Finally, the paper further investigates the interaction of financial development … and firm characteristics (including firm size, ownership nature and establishment time) on the impact of R&D investment …. The results show that the degree of financing constraint is negatively correlated with R&D investment. Both the …
Persistent link: https://www.econbiz.de/10012270616
This paper examines the impact of both bank- and market-based financial development on economic growth in South Africa during the period from 1980 to 2012. Unlike some previous studies, the current study employs means-removed average to construct both bank- and market-based financial development...
Persistent link: https://www.econbiz.de/10013022565
A large body of evidence suggests that poor countries tend to invest less (have lower PPP - adjusted investment rates …) and to face higher relative prices of investment goods. It has been suggested that this happens either because these … countries have lower TFP in the investment - good producing sectors, or because they are subject to greater investment …
Persistent link: https://www.econbiz.de/10012727281
This study investigates the linkage between portfolio investment and economic growth in 18 developed and 27 developing … level. The results of our analysis show that long-term portfolio investment is positively associated with economic growth in … developing countries. Long-term portfolio investment through non-interest-bearing assets contribute more to economic growth in …
Persistent link: https://www.econbiz.de/10014307374
This paper examines the dynamic causal relationship between financial development, external debt and investment in … investment in Lesotho, Namibia and Eswatini from 1980-2020 is country-dependent. For Eswatini, both investment and financial … Lesotho, where external debt is also found to Granger cause investment, also both in the short run and the long run. The study …
Persistent link: https://www.econbiz.de/10014466539
This paper seeks to answer the question: does the stock market work? Is there any link between stock market development and private corporate capital accumulation? It seeks an answer to these questions on the basis of a time-series analysis of Indian data. Our conclusion is in favour of a...
Persistent link: https://www.econbiz.de/10012721475
This book will be an important addition to the limited number of books that discuss finance and accounting issues in East Asian countries. While presenting recent empirical studies on finance and accounting in East Asian economies, it also reveals the underlying reasons for remarkable economic...
Persistent link: https://www.econbiz.de/10010883054
A developed financial system is essential in a market economy. This paper studies the importance of the development of financial markets in general, and the stock market in particular, from the review of existing literature in the area of the relationship between financial development and...
Persistent link: https://www.econbiz.de/10011499741
This paper offers a critical survey of the literature on the role of financial deepening in economic development, focusing on the role of government. Specifically, I distinguish between the policy view that relates financial sector development to an array of necessary policies and institutions,...
Persistent link: https://www.econbiz.de/10011084237
This paper examines whether there is a threshold above which financial development no longer has a positive effect on economic growth. We use different empirical approaches to show that there can indeed be "too much" finance. In particular, our results suggest that finance starts having a...
Persistent link: https://www.econbiz.de/10013102199