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Download or read book Three Essays On Financial Liberalization And Economic Growth written by and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Youngsoo Kim
Publisher :
ISBN 13 :
Total Pages : 250 pages
Book Rating : 4.:/5 (185 download)
Download or read book Three Essays on Economic Growth and Financial Liberalization written by Youngsoo Kim and published by . This book was released on 1987 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Rong-Chang Wu
Publisher :
ISBN 13 :
Total Pages : 304 pages
Book Rating : 4.3/5 (121 download)
Download or read book Three Essays on Financial Liberalization, Financial Market, and Economic Growth written by Rong-Chang Wu and published by . This book was released on 1996 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Firat Demir
Publisher :
ISBN 13 :
Total Pages : 292 pages
Book Rating : 4.:/5 (318 download)
Download or read book Three Essays on Financial Liberalization, Country Risk and Low Growth Traps in Argentina, Mexico and Turkey written by Firat Demir and published by . This book was released on 2005 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Kang-guk Yi
Publisher :
ISBN 13 :
Total Pages : 220 pages
Book Rating : 4.:/5 (318 download)
Download or read book Three Essays on Capital Account Liberalization and Economic Growth written by Kang-guk Yi and published by . This book was released on 2004 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Pilhyun Kim
Publisher :
ISBN 13 :
Total Pages : 125 pages
Book Rating : 4.:/5 (71 download)
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.
Author : Ira Krasteva Petrova
Publisher :
ISBN 13 :
Total Pages : 346 pages
Book Rating : 4.3/5 (129 download)
Download or read book Three Essays in Financial Liberalization written by Ira Krasteva Petrova and published by . This book was released on 2004 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mauricio Larrain
Publisher :
ISBN 13 :
Total Pages : 240 pages
Book Rating : 4.:/5 (81 download)
Download or read book Essays in Financial Liberalization and the Aggregate Economy written by Mauricio Larrain and published by . This book was released on 2012 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation consists of three essays on the effects of financial liberalization on the aggregate economy. In the first essay, I analyze empirically the effects of financial deregulation on wage inequality. To identify the causal effect of the reform, I exploit differences in external financial dependence and capital-skill complementarity across industries. I analyze two different episodes of deregulation: across countries within Europe and across states within the U.S.I provide evidence that, in both episodes, financial liberalization increases wage inequality disproportionally in industries with high financial needs and strong complementarity. I also find that the differential effect on relative wages is particularly strong in economies with rigid labor markets, while the effect on relative labor flows is stronger in economies with flexible labor markets. In the second essay, I conduct a quantitative analysis to calculate the effect of financial liberalization on aggregate inequality. I develop a simple two-sector general-equilibrium model with capital and labor market frictions. I calibrate the model in order to match the reduced form results documented in the first essay. According to a back-of-the envelope calculation, financial liberalization explains 20\% and 15\% of the increase in aggregate inequality in the U.K. and the U.S. during the 1980-2000 period, respectively. The simulation also shows that financial liberalization leads to an increase in the level of wages of both types of labor. In the third essay, co-authored with Sebastian Stumpner, we analyze empirically the effects of financial liberalization on total factor productivity (TFP) and capital misallocation. We use a large cross-country firm-level database and find that deregulation increases productivity disproportionally in industries with high financial needs and low asset tangibility. We decompose industry productivity into an average-productivity term and an allocation term, measured by the size-productivity covariance, and find that the industry TFP gains are primarily driven by a reduction in misallocation across firms. We also find that financial liberalization decreases the within-industry variance of the marginal product of capital and decreases the covariance between the marginal product of capital and TFP. Finally, we document that deregulation increases the market share of domestically-owned firms, which ex-ante are more financially constrained.
Author : Hulya Arik
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (775 download)
Download or read book Three Essays on Economic Growth, International Capital Flows and Country Risk written by Hulya Arik and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Zeeshan Atiq
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (16 download)
Download or read book Essays on Financial Liberalisation, Financial Crises and Economic Growth written by Zeeshan Atiq and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Syed Muhammad Hasan
Publisher :
ISBN 13 :
Total Pages : 108 pages
Book Rating : 4.:/5 (94 download)
Download or read book Three Essays on Export and Productivity-impact of Financial Constraints and Technological Innovation written by Syed Muhammad Hasan and published by . This book was released on 2014 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the macro level financial constraints imposed by monetary policy have an overwhelming effect on growth of the domestic financial sector. Thus the reallocation of resources towards the most productive units of the economy following trade liberalization is not achieved unless the degree of credit constraints is significantly relaxed. Results show that the volume of domestic credit made available to the private sector depends on the cost of credit that is the interest rate.
Author : Tse-Chun Lin
Publisher : Rozenberg Publishers
ISBN 13 : 9036101514
Total Pages : 146 pages
Book Rating : 4.0/5 (361 download)
Download or read book Three essays on empirical finance written by Tse-Chun Lin and published by Rozenberg Publishers. This book was released on 2009 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Yılmaz Akyüz
Publisher :
ISBN 13 : 9781783082629
Total Pages : 0 pages
Book Rating : 4.0/5 (826 download)
Download or read book Liberalization, Financial Instability and Economic Development written by Yılmaz Akyüz and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Weighing up the costs and benefits of economic interdependence in a finance-driven world, this book argues that globalization, understood and promoted as absolute freedom for all forms of capital, has been oversold to the Global South, and that the South should be as selective about globalization as the North. 'Liberalization, Financial Instability and Economic Development' challenges the orthodoxy on the link between financial deepening and economic growth, as well as that between the efficiency of financial markets and the benefits of liberalization. Ultimately, the author urges developing countries to control capital flows and asset bubbles, preventing financial fragility and crises, and recommends regional policy options for managing capital flows and exchange rates.
Author : Ross Levine
Publisher :
ISBN 13 :
Total Pages : 130 pages
Book Rating : 4.:/5 (318 download)
Download or read book Finance and Growth written by Ross Levine and published by . This book was released on 2004 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper reviews, appraises, and critiques theoretical and empirical research on the connections between the operation of the financial system and economic growth. While subject to ample qualifications and countervailing views, the preponderance of evidence suggests that both financial intermediaries and markets matter for growth and that reverse causality alone is not driving this relationship. Furthermore, theory and evidence imply that better developed financial systems ease external financing constraints facing firms, which illuminates one mechanism through which financial development influences economic growth. The paper highlights many areas needing additional research"--NBER website
Author : Asli Demirguc-Kunt
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 82 pages
Book Rating : 4./5 ( download)
Download or read book Finance, Financial Sector Policies, and Long-run Growth written by Asli Demirguc-Kunt and published by World Bank Publications. This book was released on 2008 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: The first part of this paper reviews the literature on the relation between finance and growth. The second part of the paper reviews the literature on the historical and policy determinants of financial development. Governments play a central role in shaping the operation of financial systems and the degree to which large segments of the financial system have access to financial services. The paper discusses the relationship between financial sector policies and economic development.
Author : World Bank
Publisher : World Bank Publications
ISBN 13 : 0821378309
Total Pages : 460 pages
Book Rating : 4.8/5 (213 download)
Download or read book World Development Indicators 2009 written by World Bank and published by World Bank Publications. This book was released on 2009-01-01 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: Looking for accurate, up-to-date data on development issues? 'World Development Indicators' is the World Bank's premier annual compilation of data about development. This indispensable statistical reference allows you to consult over 900 indicators for some 150 economies and 14 country groups in more than 80 tables. It provides a current overview of the most recent data available as well as important regional data and income group analysis in six thematic sections: World View, People, Environment, Economy, States and Markets, and Global Links. World Development Indicators 2009 presents the most current and accurate development data on both a national level and aggregated globally. It allows you to monitor the progress made toward meeting the Millennium Development Goals endorsed by the United Nations and its member countries, the World Bank, and a host of partner organizations. These goals, which focus on development and the elimination of poverty, serve as the agenda for international development efforts.
Author : World Bank
Publisher : World Bank Publications
ISBN 13 : 082138709X
Total Pages : 466 pages
Book Rating : 4.8/5 (213 download)
Download or read book World Development Indicators 2011 written by World Bank and published by World Bank Publications. This book was released on 2011 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'World Development Indicators' (WDI) is the World Bank's annual compilation of data about development. This statistical work allows readers to consult over 800 indicators for more than 150 economies and 14 country groups in more than 90 tables. It provides a current overview of regional data and income group analysis in six thematic sections - World View, People, Environment, Economy, States and Markets, and Global Links. This book presents current and accurate development data on both a national level and aggregated globally. It allows readers to monitor the progress made toward meeting the Millennium Development Goals endorsed by the United Nations and its member countries, the World Bank, and a host of partner organizations. These goals, which focus on development and the elimination of poverty, serve as the agenda for international development efforts. The CD-ROM contains time series data for more than 200 economies from 1960-2009, single-year observations, and spreadsheets on many topics. It contains more than 1,000 country tables and the text from the 'WDI 2010' print edition. The Windows based format permits users to search for and retrieve data in spreadsheet form, create maps and charts, and fully download them into other software programs for study or presentation purposes.
