Productivity Growth Capital Accumulation And The Banking Sector
DOWNLOAD
Download Productivity Growth Capital Accumulation And The Banking Sector PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Productivity Growth Capital Accumulation And The Banking Sector book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Productivity Growth Capital Accumulation And The Banking Sector
DOWNLOAD
Author : Ejaz Ghani
language : en
Publisher: World Bank Publications
Release Date : 1999
Productivity Growth Capital Accumulation And The Banking Sector written by Ejaz Ghani and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Accounting categories.
"How did the East Asian miracle turn into one of the worst financial crises of the century? A case study of Malaysia provides some answers"--Cover.
Productivity Growth Capital Accumulation And The Banking Sector
DOWNLOAD
Author : Syed Ejaz Ghani
language : en
Publisher:
Release Date : 2016
Productivity Growth Capital Accumulation And The Banking Sector written by Syed Ejaz Ghani and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
How did the East Asian miracle turn into one of the worst financial crises of the century? A case study of Malaysia provides some answers.How did the East Asian miracle turn into one of the worst financial crises of the century? Ghani and Suri address the question using Malaysia as a case study.Many discussions of the East Asian crisis address proximate and short-run causes of the crisis, such as the current account deficit, exchange rate misalignment, and disproportionate short-run external debt relative to foreign exchange reserves. These indicators of vulnerability are themselves endogenous outcomes of deeper institutional features.Ghani and Suri argue that some long-term features of the development strategy that helped sustain high growth in the first place also contributed to the economy's increasing vulnerability. High output growth was driven by rapid growth in capital stock, for example. The banking sector played a critical role in transforming (and accelerating the transformation of) large savings into capital accumulation. But the banking sector may not have been allocating capital efficiently.Ghani and Suri find that the rapid growth in bank lending in Malaysia is negatively associated with total factor productivity growth. On the other hand, the economy's other structural strengths, such as openness to foreign direct investment and technology, helped improve productivity growth.Malaysia's exceptional growth record over the past quarter century was driven largely by the growth in physical capital stock. Total factor productivity growth may have slowed in the late 1990s, and sustaining high output growth will require greater emphasis on productivity improvements.Policies that encouraged the flow of foreign direct investment and better access to imported capital goods contributed to productivity growth. But rapid growth in bank lending relative to GDP may have slowed it.How policymakers can best slow the growth of credit is a question that remains unanswered.This paper - a product of the Poverty Reduction and Economic Management Sector Unit, East Asia and Pacific Region - is part of a larger effort in the region to better understand past and future sources of growth. The authors may be contacted at [email protected] or [email protected].
Finance And The Sources Of Growth
DOWNLOAD
Author : Thorsten Beck
language : en
Publisher: World Bank Publications
Release Date : 1999
Finance And The Sources Of Growth written by Thorsten Beck and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Acumulacion de capital categories.
Finance And The Sources Of Growth
DOWNLOAD
Author : Thorsten Beck
language : en
Publisher:
Release Date : 2016
Finance And The Sources Of Growth written by Thorsten Beck and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Development of the banking sector exerts a large, causal impact on total factor productivity growth, which in turn causes GDP to grow. Whether banking development has a long-run effect on capital growth or private saving remains to be seen.Beck, Levine, and Loayza evaluate whether the level of development in the banking sector exerts a causal impact on economic growth and its sources- total factor productivity growth, physical capital accumulation, and private saving.They use (1) a pure cross-country instrumental variable estimator to extract the exogenous component of banking development and (2) a new panel technique that controls for country-specific effects and endogeneity. They find that:- Banks do exert a large, causal impact on total factor productivity growth, which feeds through to overall GDP growth.- The long-run links between banking development and both capital growth and private savings are more tenuous.This paper - a product of Finance, Development Research Group - is part of a larger effort in the group to understand the links between the financial system and economic growth.
Capital Fundamentalism Economic Development And Economic Growth
DOWNLOAD
Author : Robert Graham King
language : en
Publisher: World Bank Publications
Release Date : 1994
Capital Fundamentalism Economic Development And Economic Growth written by Robert Graham King and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Capital categories.
Should our research and policy advice be guided by a modern version of capital fundamentalism, in which capital and investment are viewed as the primary determinants of economic development and long- run growth? No. Capital accumulation seems to be part of the process of economic development, not its igniting source.
Finance And The Sources Of Growth
DOWNLOAD
Author : Thorsten Beck
language : en
Publisher:
Release Date : 2001
Finance And The Sources Of Growth written by Thorsten Beck and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.
This paper evaluates the empirical relationship between the level of financial intermediary development and (i) economic growth, (ii) total factor productivity growth, (iii) physical capital accumulation, and (iv) private saving rates. We use (a) a pure cross-country instrumental variable estimator to extract the exogenous component of financial intermediary development, and (b) a new panel technique that controls for biases associated to simultaneity and unobserved country-specific effects. After controlling for these potential biases, we find that (1) financial intermediaries exert a large, positive impact on total factor productivity growth, which feeds through to overall GDP growth; and (2) the long-run links between financial intermediary development and both physical capital growth and private saving rates are tenuous.
Finance Financial Sector Policies And Long Run Growth
DOWNLOAD
Author : Asli Demirguc-Kunt
language : en
Publisher: World Bank Publications
Release Date : 2008
Finance Financial Sector Policies And Long Run Growth written by Asli Demirguc-Kunt and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Access to Finance categories.
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.
Financial Development And Source Of Growth
DOWNLOAD
Author : Mr.Sami Ben Naceur
language : en
Publisher: International Monetary Fund
Release Date : 2017-06-30
Financial Development And Source Of Growth written by Mr.Sami Ben Naceur and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-06-30 with Business & Economics categories.
This paper examines how financial development affects the sources of growth—productivity and investment—using a sample of 145 countries for the period 1960-2011. We employ a range of econometric approaches, focusing on the CCA and MENA countries. The analysis looks beyond financial depth to capture the access, efficiency, stability, and openness dimensions of financial development. Yet even in this broad interpretation, financial development does not appear to be a magic bullet for economic growth. We cannot confirm earlier findings of an unambiguously positive relationship between financial development, investment, and productivity. The relationship is more complex. The influence of the different dimensions of financial development on the sources of growth varies across income levels and regions.
Finance Growth Nexus Evidence From Indian Economy Using Causality Co Integration Test Based On Error Correction Model
DOWNLOAD
Author : Manoj Dora
language : en
Publisher: GRIN Verlag
Release Date : 2009-10-26
Finance Growth Nexus Evidence From Indian Economy Using Causality Co Integration Test Based On Error Correction Model written by Manoj Dora and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-10-26 with Business & Economics categories.
Master's Thesis from the year 2009 in the subject Business economics - General, grade: A, Vanderbilt University (Graduate Program in Economic Development), course: Masters in Economics, language: English, abstract: This study explores the relationship between financial growth and economic development in India using time series data over the period 1950-2007. The majority of the previous studies on this subject have used cross-sectional data, which may not address country specific issues. In addition, many studies used either OLS technique of estimation or bi-variate causality test and may, therefore suffer from the omission-of variable bias. This study attempts to examine the dynamic relationship between financial growth and economic development by including a range of financial variables like, quasi money for monetization, domestic credit for financial intermediation activities and bank asset for financial intermediary institutions. The casual relationship between economic development and financial growth indicators was examined with the help of Granger-Causality procedure based on Unrestricted Vector Auto Regression using the error correction term. The result from the cointegration tests indicates that financial development has a long-run equilibrium with economic growth. The financial sector and real sector move and evolve together in the same direction. The error correction model suggests that, in the short-run, the output variable is the only effective adjustment factor in the system that responds to the fluctuations of financial measures and domestic capital formation. On the other hand, the response of financial intensities and investments are sluggish adjustments that correct the deviation from equilibrium. In nutshell, this study shows that India's financial development and economic growth are positively correlated; the process of economic development is not sustainable without the contributions of the financial sector and vice versa.
Financial Development And Industrial Capital Accumulation
DOWNLOAD
Author : Biagio Bossone
language : en
Publisher: World Bank Publications
Release Date : 1999
Financial Development And Industrial Capital Accumulation written by Biagio Bossone and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Acumulacion de capital categories.
There may be a compelling discontinuity to financial sector development in that banks need to be supported early in development but need to be "weakened" later, at the expense of bank rents, to foster further development. The important question for policy is when and how to generate and manage this discontinuity so that it is not forced on society by costly and traumatic events such as bank failures.