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This paper examines how financial development affects the sources of growth-productivity and investment-using a sample of 145 countries for the period 1960-2011. We employ a range of econometric approaches, focusing on the CCA and MENA countries. The analysis looks beyond financial depth to...
Persistent link: https://www.econbiz.de/10012950363
Up to a point, banks and markets both foster economic growth. Beyond that limit, expanded bank lending or market-based financing no longer adds to real growth. But when it comes to moderating business cycle fluctuations, banks and markets differ considerably in their effects. In normal...
Persistent link: https://www.econbiz.de/10013052174
also curb output growth by affecting credit supply and investment. Using data for a panel of 64 advanced and emerging …
Persistent link: https://www.econbiz.de/10012947090
that financial development and credit booms might not only support growth but jeopardize the whole economic system. While …
Persistent link: https://www.econbiz.de/10012153547
Recent empirical work has shown that current account deficits have been associated with lower growth in developing countries while they have been associated with higher growth in developed countries. This paper shows that this can be rationalized in an environment where firms face (i)...
Persistent link: https://www.econbiz.de/10013138002
credit growth supports GDP growth while saving is irrelevant for credit growth and GDP growth. In sum, a correct … misrepresentation of the role of banks and liquidity creation and the role of household saving. After a critical discussion of the …
Persistent link: https://www.econbiz.de/10013201693
The literature on the relationship between ESG disclosure and economic growth is relatively non-existent. Thus, this paper highlights the importance of taking this relationship into account in current sustainable policies. The main objective of extra-financial Disclosure is to mitigate...
Persistent link: https://www.econbiz.de/10013474500
From the canonical model of Becker onward, models of population dynamics have been based on assumptions which fit the family structure of developed countries. The aim of this paper is to develop a framework that fits the family structure of poor countries. The building blocks of the model...
Persistent link: https://www.econbiz.de/10009517875
This paper reviews the empirical literature on the links between finance and growth with a special focus on the empirical literature that has shown that the marginal contribution of financial depth to economic growth becomes negative in countries with large financial sectors (the "too much...
Persistent link: https://www.econbiz.de/10011658037
Sources of economic growth in Ghana have not been clear. Several studies have contributed to the finance and growth literature with little attention on remittances and the joint effect of financial sector development and remittances. This paper uses macrodata to examine the linkages between...
Persistent link: https://www.econbiz.de/10012024006