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On the substitution of institutions and finance in investment

Asongu, Simplice - Volkswirtschaftliche Fakultät, … - 2014

The Ali (2013, EB) findings on the nexuses among institutions, finance and investment could have an important influence … finance and institutions because they are less realistic to developing countries to which the resulting policy implications … substitution of institutions and finance in investment. Results under many baseline and augmented scenarios are not consistent with …

Persistent link: https://www.econbiz.de/10011108883

A Short-run Schumpeterian Trip to Embryonic African Monetary Zones

Simplice A, Asongu - Volkswirtschaftliche Fakultät, … - 2012

With the spectre of the Euro crisis looming substantially large and scaring potential monetary unions, this study is a short-run trip to embryonic African monetary zones to assess the Schumpeterian thesis for positive spillovers of financial services on growth. Causality analysis is performed...

Persistent link: https://www.econbiz.de/10011112651

Does finance cause growth? Evidence from the origins of banking in Russia

Berkowitz, Daniel; Hoekstra, Mark; Schoors, Koen - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2012

strongly suggest that bank origins, political connections, and property rights are important determinants of effective finance. …

Persistent link: https://www.econbiz.de/10010545767

Introduction to Recent Developments in Alternative Finance: Empirical Assessments and Economic Implications

Barnett, William; Jawadi, Fredj - Department of Economics, University of Kansas - 2012

This paper is the introduction to the forthcoming book, Recent Developments in Alternative Finance: Empirical … Assessments and Economic Implications, Proceedings of Second International Symposium in Computational Economics and Finance. The … finance. …

Persistent link: https://www.econbiz.de/10010568526

The Theory of Money and Financial Institutions, Volume 3

Shubik, Martin - The MIT Press

This is the third and last volume of Martin Shubik's exposition of his vision of "mathematical institutional economics"--a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of...

Persistent link: https://www.econbiz.de/10010640591

Cooperative comebacks: resilience in the face of the Hurricane Katrina Catastrophe (New Orleans and Southern Mississippi, May 2005–May 2006)

Klinedinst, Mark - Volkswirtschaftliche Fakultät, … - 2007

Millions of lives were dramatically changed by Hurricane Katrina, the worst natural disaster in U.S. history. Numerous businesses were wiped out. People lost their homes, their livelihoods, their lives. Nearly two years after Katrina, some sectors of the aff ected region have proved to be more...

Persistent link: https://www.econbiz.de/10008833299

On the substitution of institutions and finance in investment

Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2014

Persistent link: https://www.econbiz.de/10010775522

FOREWORD

MANOLESCU, Gheorghe - In: Studii Financiare (Financial Studies) 17 (2013) 1, pp. 11-12

This paper is a translation of the Foreword to the first issue of the journal, published in April 1995.

Persistent link: https://www.econbiz.de/10010672358

The evolution of debt and equity markets in economic development

Smith, Bruce D.; Boyd, John H. - In: Economic Theory 12 (1998) 3, pp. 519-560

As noted by Gurley and Shaw, there is a typical pattern of economic development in which the evolution of the financial system is an essential aspect of the growth process. We focus on one component of this evolution: the increasing importance of equity markets as an economy grows. We develop a...

Persistent link: https://www.econbiz.de/10005596717

Using a 2-Sector Growth Model to Assess the Macroeconomic Consequences of Financial Liberalization

Chou, Yuan K.; Chin, Martin S. - Department of Economics, Faculty of Business and Economics - 2002

This paper uses the economic growth model with a financial sector developed in Chou and Chin (2001) to examine the conditions under which financial liberalization is desirable from the perspective of a policymaker who is concerned about the well-being of domestic households. Financial...

Persistent link: https://www.econbiz.de/10005578904