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Financial Development, Financial Openness, and Economic Growth

Estrada, Gemma Bolotaulo - 2016

A sound and efficient financial system is an indispensable ingredient of economic growth. It consists primarily of banks and capital markets, which channel savings into investments and other productive activities that contribute to economic growth and augment the economy's productive capacity....

Persistent link: https://www.econbiz.de/10013002511

Productivity Growth in Different Firm Sizes in the Malaysian Manufacturing Sector : An Empirical Investigation

Kim, Sangho - 2010

Based on Cuesta (2000), this paper develops a stochastic frontier production model that allows for different groups of firms to have different patterns of technical efficiency over time. The authors apply the model to the Malaysian manufacturing sector to decompose total factor productivity...

Persistent link: https://www.econbiz.de/10013142888

Population Aging and Aggregate Consumption in Developing Asia

Estrada, Gemma Bolotaulo - 2011

population. The scope for investment-led growth may be quite limited, so the key to growth is stronger domestic demand, and the …

Persistent link: https://www.econbiz.de/10013118174

Saving, Investment, and Current Account Surplus in Developing Asia

Park, Donghyun - 2010

saving. The central objective of this paper is to investigate the extent to which the saving and investment rate of Asian … countries can be explained by the underlying fundamental determinants of saving and investment such as gross domestic product … promoting consumption rather than investment …

Persistent link: https://www.econbiz.de/10013143244

Heterogeneous Effect of Uncertainty on Corporate Investment : Evidence from Listed Firms in the Republic of Korea

Kim, Cheonkoo; Park, Jungsoo; Park, Donghyun; Tian, Grace - 2022

In this paper, we analyze the effect of financial uncertainty on corporate investment using firm-level panel data from … the Republic of Korea. We find that financial uncertainty has a significant negative effect on corporate investment, and … investment irreversibility amplify the negative effect of uncertainty. The inverted U-shaped curve of the uncertainty effect …

Persistent link: https://www.econbiz.de/10013299801

Ownership Structure and Export Performance : Firm-Level Evidence from the Republic of Korea

Kim, Sangho - 2012

The central objective of our paper is to empirically examine the relationship between the ownership structure of firms and their export performance. To do so, we use data from the Republic of Korea, a classic example of successful export-oriented industrialization. While a large and growing...

Persistent link: https://www.econbiz.de/10013110417

Skewed Credit and Growth Dynamics after the Global Financial Crisis

Estrada, Gemma Bolotaulo - 2019

A large empirical literature finds that financial development is beneficial for economic growth, although some recent evidence suggests otherwise. We contribute to the finance–growth literature by examining the role of credit growth skewness and long-run growth. Earlier literature found that...

Persistent link: https://www.econbiz.de/10012892028