Author: Alan H. GelbPublisher: World Bank Publications
ISBN:
Category : Developing countries
Languages : en
Pages : 39
Book Description
Financial Policies, Growth, and Efficiency
Author: Alan H. GelbPublisher: World Bank Publications
ISBN:
Category : Developing countries
Languages : en
Pages : 39
Book Description
Financial Indicators and Growth in a Cross Section of Countries
Author: Robert Graham KingPublisher: World Bank Publications
ISBN:
Category : Economic development
Languages : en
Pages : 55
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.
Financial Development and Economic Growth
Author: Niels HermesPublisher: Routledge
ISBN: 1135635447
Category : Business & Economics
Languages : en
Pages : 381
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.
Policy Determinants of Growth
Author: William Russell EasterlyPublisher: World Bank Publications
ISBN:
Category : Economic development
Languages : en
Pages : 41
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.
Finance and Growth
Author: Ross LevinePublisher:
ISBN:
Category : Economic development
Languages : en
Pages : 130
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
Cross-country Studies of Growth and Policy
Author: Ross LevinePublisher: World Bank Publications
ISBN:
Category : Crecimiento economico
Languages : en
Pages : 59
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.
The Political Dimension of Economic Growth
Author: Silvio BornerPublisher: Springer
ISBN: 1349262846
Category : Political Science
Languages : en
Pages : 403
Book Description
The state and its institutions are crucial for economic development: for better and for worse. This insight informs this important, up-to-date and authoritative survey of new trends in growth economics and the widely divergent economic performance of developing countries - for example, between Latin America and South-east Asia - which seemed to be similarly placed just a generation ago. The decisive role of the political dimension in economic growth seems clear but there are many challenges to be met in getting an analytical handle on the precise determinants and in testing empirically for this. This is the challenge taken up by the international team of contributors.
Economic growth : a review of the theoretical and empirical literature
Author: David ReneltPublisher: World Bank Publications
ISBN:
Category : Crecimiento economico
Languages : en
Pages : 47
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.
Political Economy Aspects of Trade and Financial Liberalization
Author: Ms.Rina BhattacharyaPublisher: International Monetary Fund
ISBN: 1451857659
Category : Business & Economics
Languages : en
Pages : 25
Book Description
This paper integrates a two-period overlapping generations model with a standard two-sector Hecksher-Ohlin trade model and analyzes the impact of uncertainty on domestic investment in the exportable and importable sectors, the political economy linkages between trade and financial liberalization, and the implications for sequencing. Under certain assumptions financial liberalization leads to a movement of resources in the opposite direction to that implied by trade liberalization, thus defeating one of the objectives of tariff reform. When political economy linkages are taken into account, however, the indirect effects of financial liberalization may offset the direct effects and encourage a movement of resources in the desired direction.
How Much Do Distortions Affect Growth?
Author: William Russell EasterlyPublisher: World Bank Publications
ISBN:
Category : Economic development
Languages : en
Pages : 35
Book Description
Contrary to the traditional view that distortions of relative prices have modest effects, Easterly finds that distortions can greatly affect growth and welfare.