Finance and growth in a bank-based economy: Is it quantity or quality that matters?
Michael Koetter,Michael Wedow +1 more
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TLDR
In this paper, a measure of bank's intermediation quality using bank-specific efficiency estimates and focus on the regions of one economy only: Germany was proposed and shown to have a significantly positive effect on economic growth.About:
This article is published in Journal of International Money and Finance.The article was published on 2010-12-01 and is currently open access. It has received 78 citations till now. The article focuses on the topics: Intermediation & Financial market.read more
Citations
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Journal ArticleDOI
Credit risk determinants: Evidence from a cross-country study
Hasna Chaibi,Zied Ftiti +1 more
TL;DR: This article applied a dynamic panel data approach to examine the determinants of non-performing loans (NPLs) of commercial banks in a market-based economy, represented by France, compared with a bank-based economic system represented by Germany, during 2005-2011.
Journal ArticleDOI
Institutional quality thresholds and the finance Growth nexus.
TL;DR: In this paper, the authors examined whether the growth effect of financial development in countries with distinct levels of institutional development differs and found that there is a threshold effect in the finance-growth relationship.
Book ChapterDOI
Financial Development, Bank Efficiency and Economic Growth across the Mediterranean
TL;DR: This paper examined the relationship between FD and economic growth in the SEMC and the EU-MED in 1985-2009 using several variables, taking into account the effects of both quantity and quality.
Journal ArticleDOI
Robust Nonparametric Quantile Estimation of Efficiency and Productivity Change in U.S. Commercial Banking, 1985–2004
David C. Wheelock,Paul W. Wilson +1 more
TL;DR: In this article, a new nonparametric, unconditional, hyperbolic order-αquantile estimator is proposed for the Malmquist index, which is robust to data outliers and has a root-n convergence rate.
Journal ArticleDOI
Size, productivity, and international banking
TL;DR: In this article, the authors present descriptive evidence on similar heterogeneity among international banks as financial services providers and reveal the volume and mode of international activities for all German banks, consistent with the size pecking order documented for manufacturing firms.
References
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Journal ArticleDOI
Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations.
Manuel Arellano,Stephen Bond +1 more
TL;DR: In this article, the generalized method of moments (GMM) estimator optimally exploits all the linear moment restrictions that follow from the assumption of no serial correlation in the errors, in an equation which contains individual effects, lagged dependent variables and no strictly exogenous variables.
Report SeriesDOI
Initial conditions and moment restrictions in dynamic panel data models
Richard Blundell,Stephen Bond +1 more
TL;DR: In this paper, two alternative linear estimators that are designed to improve the properties of the standard first-differenced GMM estimator are presented. But both estimators require restrictions on the initial conditions process.
Journal ArticleDOI
On the mechanics of economic development
TL;DR: In this article, the authors consider the prospects for constructing a neoclassical theory of growth and international trade that is consistent with some of the main features of economic development, and compare three models and compared to evidence.
Book
The theory of economic development
TL;DR: Buku ini memberikan infmasi tentang aliran melingkar kehidupan ekonomi sebagaimana dikondisikan oleh keadaan tertentu, fenomena fundamental dari pembangunan EKonomi, kredit, laba wirausaha, bunga atas modal, and siklus bisnis as mentioned in this paper.
Journal ArticleDOI
Another look at the instrumental variable estimation of error-components models
Manuel Arellano,Olympia Bover +1 more
TL;DR: In this paper, a framework for efficient IV estimators of random effects models with information in levels which can accommodate predetermined variables is presented. But the authors do not consider models with predetermined variables that have constant correlation with the effects.