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Manaresi, Francesco - 2019

We study the impact of bank credit on firm productivity. We exploit a matched firm-bankdatabase covering all the credit relationships of Italian corporations, together with a naturalexperiment, to measure idiosyncratic supply-side shocks to credit availability and to estimatea production model...

Persistent link: https://www.econbiz.de/10012868471

Credit Misallocation and Economic Growth in Vietnam

Katagiri, Mitsuru - 2019

The legacy of non-performing loans and high opportunity cost of government financing ofbank recapitalization impeded the efficiency of financial intermediation and are an importantpolicy issue in Vietnam. This paper presents a theoretical and empirical analysis of the issue.An empirical analysis...

Persistent link: https://www.econbiz.de/10012860992

Finance - growth nexus and banking efficiency : The impact of microfinance institutions

Abrar, Afsheen; Hasan, Iftekhar; Kabir, Rezaul - 2021

This paper investigates the relative importance of microfinance institutions (MFIs) at both the macro (financial development, economic growth, income inequality, and poverty) and micro levels (efficiency of traditional commercial banks). We observe a significant impact on most of the fronts....

Persistent link: https://www.econbiz.de/10013324502

Innovate to Lead or Innovate to Prevail : When Do Monopolistic Rents Induce Growth?

Piazza, Roberto - 2020

This paper extends the Schumpeterian model of creative destruction by allowing followers' cost of innovation to increase in their technological distance from the leader. This assumption is motivated by the observation the more technologically advanced the leader is, the harder it is for a...

Persistent link: https://www.econbiz.de/10012843497

Debt, Investment, and Growth in Developing Countries with Segmented Labor Markets

Buffie, Edward F. - 2020

We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG) model widely used at the IMF since 2012. The new DIG-Labor models feature segmented labor markets, efficiency wages and open unemployment, and an informal non-agricultural sector....

Persistent link: https://www.econbiz.de/10012828060

Hysteresis and Business Cycles

Cerra, Valerie - 2020

Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as 'hysteresis,' argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and...

Persistent link: https://www.econbiz.de/10012830838

Financial Dependence, Banking Sector Competition, and Economic Growth

Claessens, Stijn; Laeven, Luc - 2005

economic growth are ambiguous in theory. Moreover, measuring competition in the financial sector can be complex. In this paper … Claessens and Laeven first estimate for 16 countries a measure of banking system competition based on industrial organization … theory. They then relate this competition measure to growth of industries and find that greater competition in countries …

Persistent link: https://www.econbiz.de/10014067598

Bank ownership around the world

Panizza, Ugo - 2023

This paper builds a dataset on bank ownership that covers more than 6,500 banks in 181 countries (59 low-income economies, 72 middle-income economies, and 50 high-income economies) over 1995-2020. I show that until 2010, there was a reduction in state-ownership of banks and an increase foreign...

Persistent link: https://www.econbiz.de/10014249625

The Basel Capital Requirement, Lending Interest Rate, and Aggregate Economic Growth : An Empirical Study of Viet Nam

Phi, Nguyet Thi Minh - 2019

and effective banking operations, the Basel II accord will be widely applied to the whole banking system by 2018. This … Model (VECM) over the period 2018 to 2016 by employing three groups of indicators (macroeconomics, banking, and monetary …

Persistent link: https://www.econbiz.de/10012893746

The Basel capital requirement, lending interest rate, and aggregate economic growth : an empirical study of Viet Nam

Nguyet Thi Minh Phi; Hanh Thi Hong Hoang; … - 2019

Persistent link: https://www.econbiz.de/10011959821