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economic growth that has accumulated over the past quarter-century. The bulk of the historical evidence suggests that financial … development a¤ects economic growth in a positive, monotonic way, yet recent research endeavors have provided useful and important … society, as well as the channels through which finance can slow down long-term growth. …
Persistent link: https://www.econbiz.de/10011764391
This paper examines the relationship between stock market development and economic growth in case of Argentina … growth. …
Persistent link: https://www.econbiz.de/10010325080
development and growth. The financial system, however, is also subject to boom and bust cycles and fragility, with negative … literature – the finance and growth literature, the literature on financial fragility, and the politics and finance literature …
Persistent link: https://www.econbiz.de/10013117353
Evidence for the OECD countries show that the “great ratios”, such as the unemployment rate, factor shares, Tobin's q and the investment-capital ratio, fluctuate significantly on medium-term frequencies of 10-40 years duration. To explain these medium-term fluctuations, we establish a...
Persistent link: https://www.econbiz.de/10013061233
This paper examines the relationship between stock market development and economic growth in case of Argentina … growth. -- stock market development ; economic growth ; VEC models ; Granger causality ; exogeneity …
Persistent link: https://www.econbiz.de/10009743823
This paper analyzes growth and welfare effects of income taxation in a stochastic endogenous growth model with … effect on the expected growth rate. Paradoxically, this may induce welfare gains. The opposite results can be derived for a … ascribed to the specific int eraction of consumption and portfolio choice in the determination of growth and welfare. …
Persistent link: https://www.econbiz.de/10011526591
Persistent link: https://www.econbiz.de/10013023068
) in recent years. The impact on bank funding and economic growth in the region cannot be ignored. This paper examines the … extent to which Fintech has affected bank funding and economic growth in the region by utilizing data from 56 banks across 19 … financial system has ultimately restricted its effects on economic growth in SSA. Furthermore, the study did not find evidence …
Persistent link: https://www.econbiz.de/10014500906
economic growth that has accumulated over the past quarter-century. The bulk of the historical evidence suggests that financial … development affects economic growth in a positive, monotonic way, yet recent research endeavors have provided useful and important … society, as well as the channels through which finance can slow down long-term growth …
Persistent link: https://www.econbiz.de/10013315442