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financing source matters for firm growth is greater for small firms than big firms. Self-raised finance appears to be most … size, finance and growth also depends on ownership. In addition, there exist strong complementarities between formal and … informal finance, as well as between indigenous and foreign finance. …
Persistent link: https://www.econbiz.de/10010273480
We develop a growth model with endogenous technological progress in which the financial sector plays an explicit role. Thereby we discuss the role of different financial regimes in the growth process. We contrast a bank-dominated financial system with a market-dominated system. In the first one...
Persistent link: https://www.econbiz.de/10010435477
We compare the relationship between net capital inflows, real exchange rate movements and growth for twenty emerging markets and thirteen developed countries over the period 1985-2004. In developed countries low real exchange rates are associated with faster growth, but in emerging markets...
Persistent link: https://www.econbiz.de/10010319094
This paper analyzes the potential spillovers of a slowdown in Chinese growth to the United States and the rest of the world. Through a combination of structural VAR and DSGE analyses, we find that (1) spillovers from China to the rest of the world have grown significantly in the past decade; (2) the...
Persistent link: https://www.econbiz.de/10014332752
Persistent link: https://www.econbiz.de/10011435102
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much larger extent than recent analyses of the finance-growth link for OECD countries indicate. …
Persistent link: https://www.econbiz.de/10011435140
We investigate the relationship between bankruptcy risk and expected future sales growth for Norwegian non-listed firms for the period 1988-2007. We find that firms with high bankruptcy risk also have high expected future growth. Financial ratios characterizing firms with high bankruptcy risk...
Persistent link: https://www.econbiz.de/10012143765
This paper proposes a growth-oriented dual-income tax by combining an allowance for corporate equity with a broadly defined flat tax on personal capital income. Revenue losses are compensated by an increase in the value added tax. The paper demonstrates the neutrality properties of the reform...
Persistent link: https://www.econbiz.de/10010271071
popular belief in neoliberal globalization, peace dividends, fiscal conservatism and sound finance that dominated the 1980s …
Persistent link: https://www.econbiz.de/10011644556