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Stock markets, banks, and economic development: Theory and evidence

Beck, Thorsten - In: EIB Papers 8 (2003) 1, pp. 37-54

This paper discusses the different functions that capital markets and banks have in economic development, and it reviews the debate about marketbased vs. bank-based financial systems. Using data for a sample of 40 countries over the period 1975-98, the paper then shows that variation in both...

Persistent link: https://www.econbiz.de/10010273331

The drivers of oil prices: The usefulness and limitations of non-structural models, supply-demand frameworks, and informal approaches

Fattouh, Bassam - In: EIB Papers 12 (2007) 1, pp. 128-156

oil prices. Although all approaches provide useful insights on how the world oil market functions, they suffer from major …

Persistent link: https://www.econbiz.de/10010273371

Component trade and China's global economic integration

Li, Kunwang; Song, Ligang; Zhao, Xingjun - 2008

China's engagement in the so-called international fragmentation of production - namely cross-border dispersion of component production/assembly within vertically integrated manufacturing industries - has become an increasingly important form of its economic integration into the regional as well...

Persistent link: https://www.econbiz.de/10010273445

Comparative advantage patterns and domestic determinants in emerging countries: An analysis with a focus on technology

Marconi, Daniela; Rolli, Valeria - 2008

During the last two decades a number of emerging economies have become deeply engaged in technology-intensive production. This has been reflected in their international trade specialization shifting from labour-intensive goods towards capital-intensive ones, and in rapid productivity gains...

Persistent link: https://www.econbiz.de/10010273448

Out with the sleaze, in with the ease: Insufficient for entrepreneurial development?

Naudé, Wim - 2009

Improved governance and lower start-up costs may not be sufficient for encouraging the type of entrepreneurship that matters for economic growth. Using panel data on 60 countries spanning the period 2003-07 this paper establishes that (i) opportunitymotivated entrepreneurship (as opposed to...

Persistent link: https://www.econbiz.de/10010273479

Globalization and health: Impact pathways and recent evidence

Cornia, Giovanni Andrea; Rosignoli, Stefano; Tiberti, Luca - 2008

world if the determinants of health had continued developing over these decades as they did over 1960-80. The results …

Persistent link: https://www.econbiz.de/10010273481

Institutions and business cycles

Altug, Sumru; Emin, Mustafa; Neyapti, Bilin - 2011

This paper investigates the relationship between the main business cycles features and the institutional and structural characteristics of countries in which they are observed. We derive the business cycle characteristics of the individual countries using the nonparametric Harding-Pagan...

Persistent link: https://www.econbiz.de/10010273647

Cyclical dynamics of industrial production and employment: Markov chain-based estimates and test

Altuğ, Sumru; Tan, Barış; Gencer, Gözde - 2011

This paper characterizes the business cycle as a recurring Markov chain for a broad set of developed and developing countries. The objective is to understand differences in cyclical phenomena across a broad range of countries based on the behavior of two key economic times series - industrial...

Persistent link: https://www.econbiz.de/10010273654

Kriz ve korumacılık: Tarih tekerrür edecek mi?

Öz, Sumru - 2009

As a result of the current global financial crisis, in 2009 the world economy is likely to experience the largest … contraction since World War II and the unemployment rate to reach historical highs in many countries. The fact that the current … Great Depression are not valid anymore to a great extent. Together with the decisions taken by the leaders of the world …

Persistent link: https://www.econbiz.de/10010273672

Business cycles around the globe: a regime switching approach

Altuğ, Sumru; Bildirici, Melike - 2010

This paper characterizes business cycle phenomena in a sample of 22 developed and developing economies using a univariate Markov regime switching approach. It examines the efficacy of this approach for detecting business cycle turning points and for identifying distinct economic regimes for each...

Persistent link: https://www.econbiz.de/10010273675