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Open AccessJournal ArticleDOI

Investigating the Institutional Determinants of Financial Development: Empirical Evidence From SAARC Countries

Nazima Ellahi, +5 more
- 23 Apr 2021 - 
- Vol. 11, Iss: 2, pp 21582440211006029-21582440211006029
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TLDR
A more regulated and better working financial sector contributes toward achieving monetary growth based on proficient resource allocation and reducing information asymmetries as discussed by the authors, and current trends in resourcing and resource allocation are discussed.
Abstract
A more regulated and better working financial sector contributes toward achieving monetary growth based on proficient resource allocation and reducing information asymmetries. Current trends in res...

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Journal Article

Financial development and economic growth

TL;DR: Šonje et al. as mentioned in this paper used a sample of 35 countries for the period between 1860 and 1963 to show the relationship between income and financial depth measured by the ratio between bank's assets and GDP.
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Is foreign exchange intervention effective? The Japanese experiences in the 1990s

TL;DR: Monetary History, Exchange Rates and Financial Markets as discussed by the authors is an impressive collection of original papers in honour of Charles Goodhart's outstanding contribution to monetary economics and policy, which includes a summary of current thinking on his own research subjects and include perspectives on controversies surrounding them.
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Financial sector development and economic growth nexus in South Africa

TL;DR: In this paper, the authors used Cointegration and error correction methodology together with Granger causality tests to establish how economic growth and financial sector development are related in South Africa, and they found that economic growth is explained by the financial sector variables (broad money stock as a percentage of GDP and total credit to the private sector as a proportion of GDP) and control variables (inflation, exchange rate, and real interest rates).
Journal ArticleDOI

Determinants of financial development in Ethiopia: ARDL approach

TL;DR: In this article, the main objective of the study was to examine determinants of financial development in Ethiopia, where sustainable economic growth requires financial sector development, but financial development is low in Ethiopia.
References
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Journal ArticleDOI

Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations.

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.

The mechanics of economic development

Abstract: This paper considers the prospects for constructing a neoclassical theory of growth and international trade that is consistent with some of the main features of economic development. Three models are considered and compared to evidence: a model emphasizing physical capital accumulation and technological change, a model emphasizing human capital accumulation through schooling, and a model emphasizing specialized human capital accumulation through learning-by-doing.
Journal ArticleDOI

Increasing Returns and Long-Run Growth

TL;DR: In this paper, the authors present a fully specified model of long-run growth in which knowledge is assumed to be an input in production that has increasing marginal productivity, which is essentially a competitive equilibrium model with endogenous technological change.
Journal ArticleDOI

Another look at the instrumental variable estimation of error-components models

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.
Journal ArticleDOI

Legal Determinants of External Finance

TL;DR: The authors showed that countries with poorer investor protections, measured by both the character of legal rules and the quality of law enforcement, have smaller and narrower capital markets than those with stronger investor protections.
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