Financial Policies, Growth, and Efficiency PDF Download

Author: Alan H. Gelb
Publisher: World Bank Publications
ISBN:
Category : Developing countries
Languages : en
Pages : 39

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Book Description

Author: Robert Graham King
Publisher: World Bank Publications
ISBN:
Category : Economic development
Languages : en
Pages : 55

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Book Description
Financial indicators may be linked to growth through two "channels" in particular: the share of GDP allocated to investment and the efficiency with which resources are used. It is empirically important to identify which financial intermediaries are doing the intermediation and to whom the financial system is allocating credit rather than simply using proxies for the overall size of the financial system, as has been common in past studies.

Author: Niels Hermes
Publisher: Routledge
ISBN: 113563551X
Category : Business & Economics
Languages : en
Pages : 382

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Book Description
This collection brings together a collection of theoretical and empirical findings on aspects of financial development and economic growth in developing countries. The book is divided into two parts: the first identifies and analyses the major theoretical issues using examples from developing countries to illustrate how these work in practice; the second part looks at the implications for financial policy in developing countries.

Author: William Russell Easterly
Publisher: World Bank Publications
ISBN:
Category : Economic development
Languages : en
Pages : 41

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Book Description
The efficiency of investment is as important as the level of investment in determining growth performance. Policies that make investment more efficient and reduce distortions in resource allocation generally encourage growth.

Author: Ross Levine
Publisher: World Bank Publications
ISBN:
Category : Crecimiento economico
Languages : en
Pages : 59

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Book Description
The design, implementation, and interpretation of cross- country investigations should be improved. This review of conceptual, methodological, and statistical weaknesses in cross- country studies suggests that existing findings warrant only limited confidence.

Author: Ross Levine
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 130

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Book Description
"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: Jeffrey M. Wooldridge
Publisher: MIT Press
ISBN: 0262232588
Category : Business & Economics
Languages : en
Pages : 1095

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Book Description
The second edition of a comprehensive state-of-the-art graduate level text on microeconometric methods, substantially revised and updated. The second edition of this acclaimed graduate text provides a unified treatment of two methods used in contemporary econometric research, cross section and data panel methods. By focusing on assumptions that can be given behavioral content, the book maintains an appropriate level of rigor while emphasizing intuitive thinking. The analysis covers both linear and nonlinear models, including models with dynamics and/or individual heterogeneity. In addition to general estimation frameworks (particular methods of moments and maximum likelihood), specific linear and nonlinear methods are covered in detail, including probit and logit models and their multivariate, Tobit models, models for count data, censored and missing data schemes, causal (or treatment) effects, and duration analysis. Econometric Analysis of Cross Section and Panel Data was the first graduate econometrics text to focus on microeconomic data structures, allowing assumptions to be separated into population and sampling assumptions. This second edition has been substantially updated and revised. Improvements include a broader class of models for missing data problems; more detailed treatment of cluster problems, an important topic for empirical researchers; expanded discussion of "generalized instrumental variables" (GIV) estimation; new coverage (based on the author's own recent research) of inverse probability weighting; a more complete framework for estimating treatment effects with panel data, and a firmly established link between econometric approaches to nonlinear panel data and the "generalized estimating equation" literature popular in statistics and other fields. New attention is given to explaining when particular econometric methods can be applied; the goal is not only to tell readers what does work, but why certain "obvious" procedures do not. The numerous included exercises, both theoretical and computer-based, allow the reader to extend methods covered in the text and discover new insights.

Author: Mr.Mathew O. Odedokun
Publisher: International Monetary Fund
ISBN: 1451847300
Category : Business & Economics
Languages : en
Pages : 36

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Book Description
This study examines the effects of selected policies on economic efficiency in 81 developing countries by pooling cross-country data over various subperiods between 1961-90. An incremental output-capital ratio is the measure of economic efficiency, while the policy variables include: export orientation, size of the public sector, directed credit program through development bank lendings, financial depth, inflation rate, real interest rate, and real exchange rate distortion. The export-orientation, financial depth, and real interest rate are found to promote economic efficiency, while other policy variables are found to hinder it.

Author: David Renelt
Publisher: World Bank Publications
ISBN:
Category : Crecimiento economico
Languages : en
Pages : 47

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Book Description
Some countries have achieved rapid growth rates and caught up with wealthier countries while others have achieved little or no growth. Efforts to determine the reasons for these differences are an important theoretical and empirical task.

Author: Samuel Paul
Publisher: World Bank Publications
ISBN:
Category : Afrika
Languages : en
Pages : 154

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Book Description
Demand for developing indigenous capability for policy analysis has grown in Asia and Latin America but remains weak and unstable in Africa. Strategies for developing such capability depend on strengths and attitudes of government and private sectors.