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Access to Financial Services : A Review of the Issues and Public Policy Objectives

Claessens, Stijn - 2012

This paper reviews the evidence on the importance of finance for economic well-being, provides data on the degree of use of basic financial services by households and firms across a sample of countries, assesses the desirability of more universal access, and overviews the macroeconomic, legal,...

Persistent link: https://www.econbiz.de/10012554058

Explaining Liberalization Commitments in Financial Services Trade

Harms, Philipp; Mattoo, Aaditya; Schuknecht, Ludger - 2003

The authors examine the determinants of market access commitments in international financial services trade in the General Agreement on Trade in Services (GATS). Based on a theoretical model, they investigate empirically the role of domestic political economy forces, international bargaining...

Persistent link: https://www.econbiz.de/10012573244

Banking Sector Openness and Economic Growth

Bayraktar, Nihal; Wang, Yan - 2012

Banking sector openness may directly affect growth by improving the access to financial services and indirectly by improving the efficiency of financial intermediaries, both of which reduce the cost of financing, and in turn, stimulate capital accumulation and economic growth. The objective of...

Persistent link: https://www.econbiz.de/10012553841

Evaluation of Financial Liberalization : A General Equilibrium Model with Constrained Occupation Choice

Giné, Xavier; Townsend, Robert M. - 2003

The objective of this paper is to assess both the aggregate growth effects and the distributional consequences of financial liberalization as observed in Thailand from 1976 to 1996. A general equilibrium occupational choice model with two sectors, one without intermediation, and the other with...

Persistent link: https://www.econbiz.de/10012573203

Regulation, Productivity, and Growth : OECD Evidence

Nicoletti, Giuseppe; Scarpetta, Stefano - 2003

The authors look at differences in the scope and depth of pro-competitive regulatory reforms and privatization policies … and privatization in the OECD area, the cross-country variation of regulatory settings has increased in recent years … its cross-country variance. Regressing MFP on both economywide indicators of regulation and privatization and industry …

Persistent link: https://www.econbiz.de/10012573291

Do Capital Inflows Boost Growth in Developing Countries? : Evidence from Sub-Saharan Africa

Calderón, César A.; Nguyen, Ha - 2015

This paper examines whether domestic output growth helps attract capital inflows and, in turn, capital inflows help boost output growth in a set of 38 Sub-Saharan African countries. Using a two-step approach to address reverse causality and omitted variable issues, the paper finds that output...

Persistent link: https://www.econbiz.de/10012571829

Sub-Saharan Africa's Recent Growth Spurt : An Analysis of the Sources of Growth

Cho, Yoonyoung; Tien, Bienvenue N. - 2014

Since the mid-1990s, Sub-Saharan Africa has experienced unprecedented levels of high economic growth. A key question follows: What accounts for the turnaround of the growth performance in the mid-1990s? The answer can provide insight into whether the recent growth spurt in Sub-Saharan Africa is...

Persistent link: https://www.econbiz.de/10012572820

Foreign Direct Investment, Regulations, and Growth

Busse, Matthias; Groizard, Jos?? Luis - 2012

This paper explores the linkage between income growth rates and foreign direct investment (FDI) inflows. So far the evidence is rather mixed, as no robust relationship between FDI and income growth has been established. The authors argue that countries need a sound business environment in the...

Persistent link: https://www.econbiz.de/10012553707

The Impact on Russia of WTO Accession and The Doha Agenda : The Importance of Liberalization of Barriers against Foreign Direct Investment in Services for Growth and Poverty Reduction

Rutherford, Thomas F.; Tarr, David G.; Shepotylo, Oleksandr - 2012

Taking price changes from the Global Trade Analysis Project (GTAP) model of world trade, the authors use a small open economy computable general equilibrium comparative static model of the Russian economy to assess the impact of global free trade and a successful completion of the Doha Agenda on...

Persistent link: https://www.econbiz.de/10012554182

Trade Facilitation and Economic Development : Measuring the Impact

Mann, Catherine L.; Otsuki, Tsunehiro; Wilson, John S. - 2003

The authors analyze the relationship between trade facilitation, trade flows, and GDP per capita in the Asia-Pacific region for the goods sector. They define and measure trade facilitation using four broad indicators. These are constructed using country-specific data for port efficiency, customs...

Persistent link: https://www.econbiz.de/10012573241