liberalization financial sector development and growth evidence from malaysia

... endogenous long-run growth? Evidence from the US and the UK Journal of Money Credit and Banking 29 (2), 235–262 Levine, R., Renelt, D., 1992 A sensitivity analysis of cross-country growth regressions ... state and local taxes on economic growth: a time series-cross section approach The Review of Economics and Statistics 67 (3), 574–582 Hsieh, E., Lai, K., 1994 Government spending and economic growth: ... Journal of Economic Dynamics and Control 18 (4), 1173–1187 Glomm, G., Ravikumar, B., 1997 Productive government expenditures and long-run growth Journal of Economic Dynamics and Control 21 (1), 183–204...

Ngày tải lên: 11/04/2014, 09:28

... be more demand for both physical and liquid capital Hence, growth in the real sector induces the financial sector to expand, and thereby increasing competition and efficiency in the financial ... for financial development and thus economic growth, the relationship between financial development and economic growth for these countries may depend on how financial repression affects financial ... relationship between financial repression, financial development and economic growth Finally, we conclude in the Last section Analytical framework 2.1 Financial development and growth Economists...

Ngày tải lên: 24/08/2014, 12:16

... fixed (by OLS) and random (by GLS) and two-way (country and time effects) fixed and random effects models Model Additional distortions from consumption taxes in practice may arise from the common ... years with final digits 1–5 and 6–0; 2–6 and 7–1; and 3–7 and 8–2 (which reduces the number of observations from 98 to 86) The results (not shown here, but available from the authors on request) ... levels of all fiscal variables, and the level and first difference of labour force growth and initial GDP The growth equation is run in first difference form and the results, displayed in Table...

Ngày tải lên: 04/07/2017, 08:37

Ngày tải lên: 16/03/2014, 03:20

... Garcia-Herrero and Vazquez, 2007 “International Diversification Gains and Home Bias in Banking,” IMF Working Paper WP/07/281 Gomez-Gonzalez and Kiefer, 2007 “ Bank failure: Evidence from the Colombian Financial ... benefit from the imperfect co-movement macroeconomic and monetary conditions across geographic regions (Griffith-Jones, Segoviano, and Spratt, 2002; Garcia-Herrero and Vazquez, 2007) and may ... financial crisis (Cornett et al., 2010), and were less likely to fail (Bologna, 2011) A related strand of literature has focused on the role of capital in the capacity of banks to withstand financial...

Ngày tải lên: 22/03/2014, 21:20

... between financial sector development and economic growth, with the causation possibly running both ways Economic growth generates demand for financial services and spurs financial sector development ... composition, coverage and penetration of the financial sector and links with growth, stability and equity This would help our understanding the optimal composition of financial sector development appropriate ... fiscal and financial, and between the financial and real sectors Accountable governance arrangements are available only at a national level, and both the regulation of the financial sector and macroeconomic...

Ngày tải lên: 23/03/2014, 02:20

... poverty, income growth, and inequality by providing examples of how both growth and changes in inequality influence poverty A widespread concern for pro-poor growth has resulted in part from evidence ... capita GDP growth Table 2.2 identifies five periods: (1) from 1810 to 1840, growth was slow and more stable; (2) from 1841 to 1881, oscillations from expansion to contraction were wider; (3) from 1882 ... path of economic growth in Argentina with economic growth in selected countries in Latin America and regions of the world and gain an understanding of the country’s overall growth experience...

Ngày tải lên: 03/06/2014, 02:02

... ix LIST OF FIGURES Chapter 1 Malaysia and Thailand: Lending Rate 37 Chapter Chronology of Events 73 Chapter Malaysia and Thailand: Lending Rate 164 Malaysia and Thailand: Money Market Interest ... studies on Malaysia and Thailand to find evidence of the existence of credit crunch in the early years of the crisis Section reviews the road to recovery in Malaysia and Thailand and explains ... shows that Malaysia experienced higher real GDP growth than Thailand from 1999-2000 and from 2004 to 2005 while Thailand has higher real GDP growth from 2001-2003, inline with the improvement in...

Ngày tải lên: 12/09/2015, 08:18

... thirdorder Our discussion on sector shares suggests that the interactive effect of growth opportunities and financial development on sectoral growth should be stronger in financially dependent industries ... Raymond and Inesssa Love, 2003, “Trade Credit, Financial Intermediary Development and Industry Growth, ” Journal of Finance 58(1), pp.353-374 Fisman, Raymond and Inesssa Love, 2004, Financial Development ... Theories of Financial Development and Resource Allocation While financial development may affect the level of economic growth through numerous channels, we focus here on the role of financial institutions...

Ngày tải lên: 21/04/2016, 07:20

... interactions between finance and growth by developing models where the financial system influences growth, and growth transforms the operation of the financial system Thus, financial development might primarily ... between financial sector policies and economic development The remainder of the paper proceeds as follows Sections and review the theory and empirical evidence on the relation between finance and growth ... between financial intermediary development and growth, while Beck, Levine, and Loayza (2000) extend this work to evaluate the relationship between financial development and the sources of growth, ...

Ngày tải lên: 22/04/2016, 08:02

... Structure of Financial and Non -financial Sectors—Inter-sectoral Linkages Analysis of stock variables in countries’ sectoral balance sheets (assets and liabilities of financial firms, non -financial ... H I 17 Financial Sector Assessment: A Handbook Table 2.1 Sectoral Indicators of Financial Development Sub -sector Indicator Banking • • • • • • Total number of banks Number of branches and outlets ... institutions and their asset positions, and (b) the number of and growth rates of 10 11 12 A B C D E F G H I 16 Chapter 2: Indicators of Financial Structure, Development, and Soundness available money and...

Ngày tải lên: 17/12/2013, 05:15

... Poultry and Feed Sectors The analytical framework incorporates supply and demand relationships for poultry meat and the two major feed ingredients, corn and soybean meal Supply and demand relationships ... poultry and egg sectors But with higher growth, the quota imposes its impacts earlier and more severely Larger and smaller income- and own-price elasticities of demand for poultry meat and eggs ... of growth on the poultry meat and egg sectors is affected 32 ◆ India’s Poultry Sector: Development and Prospects / WRS-04-03 meal supply is derived from soybean production using fixed crush and...

Ngày tải lên: 21/02/2014, 01:20

Ngày tải lên: 23/02/2014, 11:20

... inefficiencies Berger, Cummins, and Weiss (1995) and Humphrey and Pulley (1995) used both the standard profit finction (which takes output prices as given) and a nonstandard profit function (which ... acquiring and acquired banks (weighted average) This accounts for both population growth and per capita income growth, two important elements determining bank deposit expansion and the demand for ... corroborating evidence, Berger, Kashyap, and Scalise (1995) also found that HERF and SHARE did not change very much with liberalizations of intrastate and interstate banking rules in the 1980s and first...

Ngày tải lên: 06/03/2014, 08:21

... Age-specific death rates for England and Wales, and London from Wrigley et al (1997, Table 6.14) and Landers (1992, Table 3), respectively To compute the rates of England and Wales (without London), ... rates in England and Wales Szreter and Mooney (1998) further demonstrate the extent to which rapid urbanization and rapid city growth created a penalty in England For example, Szreter and Mooney ... 105 89 122 184 125 121 102 England and Wales, 1750–1960 Source: Wrigley et al (1997, Tables 6.14 and 6.19) and Case et al (1962) ECONOMIC DEVELOPMENT AND THE ESCAPE FROM HIGH MORTALITY child mortality...

Ngày tải lên: 17/03/2014, 08:20

Ngày tải lên: 17/03/2014, 17:20

... Singapore and Malaysia, ' OECD Development Centre Technical Paper, September Paris: Organization for Economic Co-operation and Development, 1991 CLAASSEN,E.-M., 'Financial liberalization and its ... Results All data are monthly, and are taken from the International Financial Statistics CD-ROM, published by the IMF Tests are run from 1983:1 to 1992:11 for Malaysia, and from 1983:1 to 1994:4 for ... and benefits of financial liberalization in the Asia-Pacific, an understanding of retail rate rigidities after liberalization is clearly of interest I Retail interest rates in Singapore and Malaysia...

Ngày tải lên: 22/03/2014, 17:20

Ngày tải lên: 23/03/2014, 05:22

... of people that died in England and Wales, not people that were born in England and Wales The data will then exclude people born in England and Wales who died elsewhere and will include people born ... 2007, Australia (59 thousand emigrants), Spain (21 thousand emigrants), France (20 thousand emigrants), the United States (19 thousand emigrants), and Poland (18 thousand emigrants) were the top ... quarter 2, ν is a random normal variable with standard deviation of 1, and η is a random normal variable with standard deviation of Here we allow for the coefficients on the cohort trends and education...

Ngày tải lên: 28/03/2014, 20:20

... emphysema and fibrosis may result from two distinct and apparent opposite processes, they may coexist either in different areas, or in a same area of the lung of humans and animals The development and ... analysis and interpretation of data and drafting the manuscript BB and BL performed the histological and morphometrical analyses, and contributed to the interpretation of the results EC and SF ... Animals and Animal Studies Balb/c, C57 Bl/6 and DBA/2 mice were supplied by Charles River (Calco, Italy) C57 Bl/6J pa/pa (pallid) mice were from our colony and were originally obtained from Jackson...

Ngày tải lên: 12/08/2014, 18:21