The Finance-Growth Nexus: Market Economies vs. Transition Countries
نویسندگان
چکیده
منابع مشابه
The Finance and Growth Nexus
Aubhik Khan* It is difficult to overemphasize the potential benefits of economic growth for improving human welfare. For example, Bangladesh, India, and Pakistan, three of the world’s lowest income nations, had real per capita GDP of $1908, $1633, and $1793, respectively, in 1992. In contrast, the equivalent values for three of the world’s highest income nations, Denmark, Sweden, and the United...
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The role of the financial sector in economic growth received scant attention from economists until very recently. An explosion of research in the last 20 years has firmly entrenched the finance growth nexus in the canon of economic beliefs. This paper suggests that the literature might have over emphasised the strength of the nexus that is much more nuanced than often suggested. The most common...
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This paper offers the first comprehensive analysis of legal change in the protection of shareholder and creditor rights in transition economies and its impact on the propensity of firms to raise external finance. Following La Porta et al. (1998), the paper constructs an expanded set of legal indices to capture a range of potential conflicts between different stakeholders of the firm. It supplem...
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This study is aimed at examining the long run and short run relationships between both Islamic and conventional financial development with the economic growth in the Bahrain dual financial system. Using quarterly data (2000:1-2010:4) retrieved from Monthly Statistical Bulletin of Central bank of Bahrain (CBB) and International Financial Statistics (IFS) of International Monetary Funds (IMF), th...
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The present contribution tests whether countries can be pooled when studying the financegrowth nexus. Overall, our results point toward a ‘pragmatic’ positive answer, though considerable heterogeneity is present among developing countries. JEL codes: C23, O16
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2005
ISSN: 1556-5068
DOI: 10.2139/ssrn.863424