Download or read book Essays on Institutional Development Financial Development and Economic Growth written by Senanu Y. Asamoah and published by . This book was released on 2003 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays in Financial Development and Economic Growth written by Linh Bun and published by . This book was released on 2018 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapter 1 (Part I): Financial Development and Growth: Multi-dimensional View analyze the effects of "financial development" on economic growth using a multi-dimensional view. Existing literature uses a single dimension, financial depth, as measure of financial development. Our approach is to consider a multi-dimensional view of financial development and to take in to account other dimensions of financial development. We categorize financial development (financial institutions and markets) along three dimension: financial depth, access and efficiency. We find that for the country sample analyzed, financial institutions depth and efficiency are compliment.
Download or read book Essays on Financial Development and Economic Growth written by Byungyoon Lee and published by . This book was released on 2000 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Political Institutions and Financial Development written by Stephen H. Haber and published by Stanford University Press. This book was released on 2008 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays in this volume employ the insights and techniques of political science, economics and history to provide a fresh answer to this question.
Download or read book Essays on Financial Integration Financial Development and Economic Growth written by Xiu Yang and published by . This book was released on 2012 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Platinum Essays in the Philosophy of Applied Economics of Development written by Herbert Onye Orji and published by AuthorHouse. This book was released on 2011-09 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, Platinum Essays In The Philosophy Of Applied Economics Of Development, is a collection of interrelated and interconnected essays on applied economics of development with underlying philosophy contents. The topic and areas of coverage were carefully chosen to comprehensively reflect a mandatory range of issues, germane to the understanding, teaching, research, publication and practice of applied economics of development, particularly in medium-to low income emerging markets. There are twenty one chapters each with a topic of major developmental significance in applied economics. Based on the clear and lucid underlying philosophical statements, the broad scope of the applied definitions, analytical and descriptive review of relevant modern and dated literatures, germane to the discourse, observations, recommendations, conclusions and range of ease or otherwise of policy implementations, the key objectives of the book have been achieved.
Download or read book Essays on Financial Development and Economic Growth written by Reem Abdulaziz Lanjawi and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays on Financial Development and Economic Growth written by Claudia Chilundo and published by . This book was released on 2020 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Development and Financial Instability written by Jan A. Kregel and published by Anthem Press. This book was released on 2014-10-15 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Jan A. Kregel is considered to be “the best all-round general economist alive” (G. C. Harcourt). This is the first collection of his essays dealing with a wide range of topics reflecting the incredible depth and breadth of Kregel’s work. These essays focus on the role of finance in development and growth. Kregel has expanded Minsky’s original postulate that in capitalist economies stability engenders instability in international economy, and this volume collect’s Kregel’s key works devoted to financial instability, its causes and effects. The volume also contains Kregel’s most recent discussions of the Great Recession beginning in 2008.
Download or read book Essays on Financial Development and Economic Growth written by Nahla Samargandi and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays on Financial Development and Economic Growth written by Pilhyun Kim and published by . This book was released on 2006 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: The primary part of my dissertation investigates the potential effects of financial sector development on economic growth. In order to reveal the nature of these effects, I focus on the potential channels of influence from the financial to the real sector. I investigate the link between the financial sector and economic growth focusing on the role of the financial sector in funding innovative activities. To this aim, I construct a model where the economy is driven by innovative activities that require both human capital and external funding. My analysis shows that when certain conditions are satisfied, there exists a unique equilibrium where the growth rate of the economy is jointly determined by the levels of human capital and financial development. An implication of this is that financial liberalization policies that do not adequately address the fundamentals of the economy can cause bank failures and possibly a financial crisis. Furthermore, the model suggests that, depending on the parameter values of the economy, there may be two forms of poverty traps, one with a small number of bankers and the other with a large number of bankers. Also, I examine empirically whether financial development has any effect on the rate of technological innovation using patent applications as a proxy for innovative output. For a sample of twenty eight countries from 1970 to 2000, my analysis shows that financial development is indeed significant in raising the growth rate of innovative output. In addition, I investigate whether financial development enhances investment efficiency. The efficiency channel hypothesis states that financial development may increase the efficiency of investment by directing the funds to the most productive uses. I examine if there is any evidence of financial development positively affecting the efficiency of aggregate investment using developing countries as a sample. Compared to the volume channel, the efficiency channel has received relatively little attention until recently. I address the issue of the efficiency channel using two alternative measures of aggregate investment efficiency. I find that, for developing countries, financial development significantly and positively affects productivity of investment.
Download or read book Essays on the Institutional and Financial Foundations of Local Economic Development Mobility and Growth written by Sotirios Lampros Kampanelis and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays on Institutional and Economic Development written by Kevin Sylwester and published by . This book was released on 1997 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays on Monetary Policy and Financial Development written by Xiaodai Xin and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Both economic growth and stabilization require a well-functioning financial system, which includes the central bank and private financial institutions. This dissertation is comprised of three essays on monetary policy and financial development which are related to the roles of the central bank and private financial institutions. To better stabilize the economy, a central bank needs to formulate an optimal strategy for monetary policy and pursues an appropriate objective (targeting regime). In a forward-looking New Keynesian model with persistent output and inflation, the first essay (chapter 2) evaluates a broad hybrid targeting regime when the central bank operates under discretionary monetary policy. By employing the numerical analysis and comparing the performance of different targeting regimes, I find that the hybrid targeting regime yields a social loss closest to that under the optimal committed policy, generating a better outcome than other policy regimes. The second essay (chapter 3) provides new micro-level evidence for the positive relationship between financial development and economic growth based on a large sample of cross-country firm-level data. By examining an important micro channel through which financial development reduces the costs of external finance to firms, I find that firms that are more externally dependent grow faster in countries with more developed financial systems. The third essay (chapter 4) investigates the impact of external debt on long-term investment and its interaction with domestic financial intermediation in emerging markets. Extending the Ramsey-Cass-Koopmans model to a small open economy with the role of financial intermediation, I find that the overall effect of a high level of external debt on investment depends heavily on the degree of domestic financial intermediation. Using a large sample of panel data on 76 developing countries over the last three decades, the empirical results indicate that when a country's domestic banking sector develops to a certain degree, the high level of external debt facilitates investment.
Download or read book Essays on Financial Policies Financial Development and Economic Growth written by Anoshirvan Taghipour and published by . This book was released on 2009 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Financial Development Inequality and Economic Growth written by Arshad Ali Bhatti and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays in Institutions Economic Policy and Development written by Silviu Dochia and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis consists of three essays examining the relationship between institutions and economic development. Essay one focuses on private participation in infrastructure. Over the past decade private involvement in the provision of infrastructure services has grown increasingly common in a large number of countries around the world. Increased activity brought along a good deal of controversy, most frequently relating to the cancellation of high profile projects. This paper analyzes this phenomenon empirically, using project level panel data from the 1990-2005 period. My first finding is that, contrary to popular belief, infrastructure project cancellations are rare. Second, contract cancellations are not randomly distributed, but seem correlated with a number of factors. I find that cancellation rates are higher for water sector projects, countries with a poor track record of protecting property rights and those with more effective local bureaucracies. Neither the level of GDP per capita nor its growth rate seem to be important factors, but larger current account deficits are correlated with more cancellations. Essay two examines the economic rationale for industrial policies aimed at supporting small firms with the intention of improving the rate of innovation and economic growth. I argue that such policies, while very common in the last few decades, frequently ignore two fundamental facts. First, a firms' size is largely determined by the economic environment surrounding it, and in particular by the uncertainty it must face. Attempts to actively micromanage the mix of small to large firms while ignoring the environment they operate within is more likely to be harmful than helpful. The second often overlooked observation is that small and large firms often play complementary roles in the process of innovation. Instead of attempting to actively pick winners with certain characteristics, policymakers' efforts are better spent on building a framework which is conducive to all innovation, wherever it may originate. In the third paper I analyze the real world impact of direct financing programs for small and medium enterprises. I base my analysis on two specific SME financing schemes implemented in Romania between 1998 and 2004, but my findings are broadly applicable. I argue that direct funding programs can suffer from two major flaws: a failure to address the financial system's binding constraints, and a difficulty in dealing with imperfect information. I find that both problems were acutely relevant in Romania, where they created programs that appeared successful at the firm level but in fact had very limited impact.
