Financial structure and economic growth

Financial development and economic growth pptx

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Industrial Structure, Appropriate Technology and Economic Growth in Less Developed Countries

... Support Team Industrial Structure, Appropriate Technology and Economic Growth in Less Developed Countries  Justin Yifu Lin (World Bank) Pengfei Zhang (Peking University) Keywords: Capital Intensity, ... proposition If we define the industrial structure and technology in an LDC endogenously determined in proposition as the optimal industrial structure and (most) appropriate technology in that country, ... Choice and Economic Growth in Developing Countries , Chinese Economic Quarterly, (in Chinese), Vol 5, No 4, (Jul, 2006), pp 985-1006 Lin, Justin Yifu, Pengfei Zhang “Development Strategy and Economic...

Economics letters volume 107 issue 2 2010 doi 10 1016%2fj econlet 2010 01 027 w n w azman saini; siong hook law; abd halim ahmad FDI and economic growth new evidence on the role of financial ma

... 21 2 W. N .W Azman- Saini et al / Economics Letters 107 (20 10) 21 1 21 3 in FDI- growth link Speciﬁcally, we ﬁnd that the impact of FDI on growth ‘kicks in” only after ﬁnancial development exceeds ... were bootstrapped with 10, 000 replications and 10% trimming percentage Conclusions We present new evidence on the role ﬁnancial market developments play in mediating the impact of FDI on growth, ... rich way of modelling the inﬂuence of ﬁnancial markets on the dynamics of FDI and growth is the following threshold speciﬁcation:5 GROWTHi = αXi + β1 FDIi + ei ; FIN ≤ γ 2 FDIi + ei ; FIN >...

Ensuring Financial Stability: Financial Structure and the Impact of Monetary Policy on Asset Prices

... of monetary policy on the economy and on residential property prices (CGFS 2006) On the other hand, Tsatsaronis and Zhu (2004) conjecture that the prevalence of securitisation should reduce the ... the large 16 To identify the monetary policy shock it is sufficient to determine the position of the monetary policy instrument; the ordering of the variables in the groups before and after the ... effects on asset prices and, if so, whether these effects occur at about the same time horizons for different asset prices, whether they are large relative to the effects of monetary policy on inflation...

Tài liệu Corruption, Democracy and Economic Growth docx

... DRURY/KRIECKHAUS/LUSZTIG: Corruption, Democracy, and Economic Growth 131 TABLE The Effects of Corruption on Economic Growth in Non-Democracies and Democracies, 1982–90 (ACLP Democracy Data) Democracy/ corruption ... DRURY/KRIECKHAUS/LUSZTIG: Corruption, Democracy, and Economic Growth 133 Conclusion Scholars have long suspected that political processes such as democracy and corruption are important for economic growth Our ... (Fukuyama, 1992) and the economic growth and efficiency that appears to sustain it We attempt to enhance the understanding of the indirect effects that democracy has on economic growth Although...

Tài liệu IMF Working Paper_ Corporate Financial Structure and Financial Stability pptx

... International Monetary Fund WP/04/124 IMF Working Paper Monetary and Financial Systems Department Corporate Financial Structure and Financial Stability Prepared by E Philip Davis and Mark R Stone1 Authorized ... Structure and Financial Stability: Descriptive Analysis 11 A Impact of Crisis on the Level and Composition of GDP 12 B Corporate Financial Structure and Impact of Crisis on GDP 14 V Corporate ... ratio (Gertler and Gilchrist, 1994, 1992) This paper also draws from the theories of financial crisis and their application to corporate financial structure Corporate financial structure had little...

Tài liệu Chapter 4: Assessing Financial Structure and Financial Development ppt

... D E F G H I 86 Chapter 4: Assessing Financial Structure and Financial Development Box 4.5 Standards Assessments and Financial Sector Development Standards assessments can inform development assessments ... Perspective Chapter 4: Assessing Financial Structure and Financial Development development dimension Notwithstanding the overlap of themes, the focus of the sectoral and infrastructural development reviews ... the system’s users,19 development assessments are interested in the users and the extent to which the financial I 88 Chapter 4: Assessing Financial Structure and Financial Development services...

Tài liệu Democracy and Economic Growth pdf

... Roubini, and P Swagel 1996 Political Instability and Economic Growth, Journal of Economic Growth Alesina, A and D Rodrik 1994 Distributive Politics and Economics Growth Quarterly Journal of Economics ... Bank Economic Review, 8: 351-71 Alesina, A and D Rodrik 1994 Distributive Politics and Economics Growth Quarterly Journal of Economics 109, 46590 Ali, A 1997 Economic Freedom, Democracy and Growth, ... A 2005 Democracy, Volatility and Economic Development The Review of Economics and Statistics 87, 34861 Nelson, M.A and Singh, R D 1998 Democracy, Economic Freedom, Fiscal Policy, and Growth in...

Tài liệu Democracy and Economic Growth: A meta-analysis pptx

... Democracy and Economic Growth: A meta-analysis Hristos Doucouliagos* and Mehmet Ulubasoglu School of Accounting, Economics and Finance Deakin University Australia * Faculty of Business and Law, ... papers on the democracy- growth association In addition to traditional meta-analysis estimators, we use also the bootstrap and clustered data analysis, as well as Fixed and Random Effects meta-regression ... of meta-analysis to political science (Lau 1999 and Roscoe and Jenkins 2005) and political economy (Nijkamp and Poot 2004 and Doucouliagos and Ulubasoglu 2006) Meta-analysis considers all the available...

Tài liệu Corruption, Democracy, and Economic Growth pdf

... 0.08 745 0.09 DRURY/KRIECKHAUS/LUSZTIG: Corruption, Democracy, and Economic Growth 131 TABLE The Effects of Corruption on Economic Growth in Non-Democracies and Democracies, 1982–90 (ACLP Democracy ... DRURY/KRIECKHAUS/LUSZTIG: Corruption, Democracy, and Economic Growth 133 Conclusion Scholars have long suspected that political processes such as democracy and corruption are important for economic growth Our ... 1982 and 1997 The index ranges from six to zero, with lower scores indicating that: DRURY/KRIECKHAUS/LUSZTIG: Corruption, Democracy, and Economic Growth 127 TABLE Summary Statistics Variable Growth...

Tài liệu Population Aging and Economic Growth in China doc

... the rapidly increasing total cost of healthcare in China and the increase in private spending on healthcare In a study of the economic consequences of aging in China, Cai and Wang 11 find that "[u]nder ... of China Rural-to-urban migration and urbanization in India are far less extensive and slower than in China Literacy and educational attainment in India trail far behind the progress in China India’s ... make China' s economic future all the more secure iii Population Aging and Economic Growth in China Judith Banister, David E Bloom, and Larry Rosenberg March 2010 Introduction Population aging...

Tài liệu The Effect of Social Trust and Economic Growth pdf

... all The idea of this paragraph is to further examine trust and to draw a picture of the trusting citizen and one of the non-trusting citizen Furthermore, it is tested if the trust levels of grandparents ... examines the association between social trust and economic growth To shed more light on how social trust might influence economic growth, the relationship between social trust and human capital and social ... Subsequently, the channels through which social trust might influence economic growth are examined, and finally the determinants of trust are further explored 3.1 Social trust and economic growth To...

Tài liệu INNOVATION AND ECONOMIC GROWTH pdf

... the future demand for innovations The fact is that most major innovations enter the world in a very primitive condition, and go through a long process of technical improvements and cost reduction ... of 1945, and a number of firms were already engaged in the manufacture and sale of computers by 1950 And yet, as late as 1956 Howard Aiken, a brilliant physics instructor at Harvard and one of ... consumer needs and preferences in particular specialised markets, and a speedy and imaginative approach to how these needs might be catered to in a more efficient, but also a more attractive and more...

Tài liệu State Income Taxes and Economic Growth ppt

... these negative effects of taxes on economic growth are cap64 State Income Taxes and Economic Growth tured in this equation The results suggest that all taxes, not just income taxes, had a significant ... Rates and State Economic Growth. ” Regional Science and Urban Economics 24 (6): 687–705 Plaut, T R., and Pluta, J (1983) “Business Climate, Taxes and Expenditures, and State Industrial Growth ... hypothesis 56 State Income Taxes and Economic Growth Regional Factors As Holcombe and Lacombe (2004) point out, a problem with all cross-section studies of the effect of taxes on state economic growth...

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