The initial institutional and macroeconomic conditions
Institutional causes of macroeconomic volatility
... 5 Conclusions Understanding the reasons behind cross-country di¤erences in economic outcomes remains a primary goal of economics. Although recent advances in the literature have identi…ed institu- tions as major ...
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Institutions and initial conditions in transition: reconciling neo institutional and neo classical conceptions
... III. INSTITUTIONAL IMPACTS ON GROWTH IN TRANSITION Viewed through the lens of neoclassical growth theory, the problem of transition is partially one of removing rigidities so that countries can move toward their ...
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Initial Conditions, Institutional Dynamics and Economic Performance: Evidence from the American States
... include initial state per capita income as a share of the United States per capita income averaged over the years 1929 and ...current institutional quality may be linked to past economic ...
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The Macroeconomic and Institutional Context of the 2012 Budget
... ence the speed with which the impact of the fis- cal consolidation, after the initial decline, turns into growth. The cited studies have shown that growth outlooks are more favourable, if the consolidation takes ...
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Initial conditions for inflation
... the initial conditions problem of inflation with a ...required initial conditions for inflation on the plateau to ...chaotic initial conditions at the Planck scale for ...
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Macroeconomic Conditions and Capital Raising
... III Macroeconomic Conditions and Types of Public Debt Issues This table presents the averages of relative proportions of proceeds raised through public debt issues with various ...proceeds-weighted ...
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Macroeconomic Conditions and Capital Raising
... market-wide conditions: Column (1) uses the NBER-defined recession, Column (2) uses the level of GDP growth, and Column (3) uses the Senior Loan Officer Opinion survey on lending ...
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Performance of Microfinance Institutions-A Macroeconomic and Institutional Perspective
... four institutional factors used in this ...in institutional factors mostly leads to high MFIs leverage, indicating that MFIs are able to access the private market for on-lending funds in the space of an ...
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Macroeconomic conditions influence consumers attitudes,
... versions of national brands that companies such as Procter & Gamble have begun introducing (Bryon 2009). In summary, the most direct way consumers can offset higher gas prices is by using less gas, but the economics lit- ...
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Energy and economic development: underlying macroeconomic and institutional factors
... There are many impacts of energy on economic development through social, health, economic, and environmental channels. This thesis investigates the underlying macroeconomic and institutional factors that ...
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Institutional Quality, Macroeconomic Policy and Economic Development in Nigeria
... that institutional quality is not a significant determinant of economic development in ...process, institutional quality in the country was not found to have a significant impact and this is not in line ...
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Institutional Causes, Macroeconomic Symptoms: Volatility, Crises and Growth
... What are the institutions that matter? In our empirical exercise, we use an insti- tutional variable for which we have data for a broad cross-section of countries at the beginning of the sample: constraints placed on the ...
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European Banking Distress and EMU: Institutional and Macroeconomic Risks.
... the institutional characteristics associated with Europe's financial and legal systems compared with the broader ...every institutional variable excepting the measure of accounting ...
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Financial Performance of Microfinance Institutions-A Macroeconomic and Institutional Perspective
... of institutional factors on MFIs leverage, we find a statistically significant positive ...macro institutional factors like rule of law, voice and accountability and political stability are likely to lead ...
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Finite measure for the initial conditions of inflation
... tuned initial conditions in order to explain the degree of flatness and homogeneity observed in the ...possible initial conditions for an inflationary ...of initial conditions ...
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Inconsistency between a criterion and the initial conditions
... c initial conditions, they must be feasible, and they must allow for sustainable paths of ...the initial conditions, the path of consumption can be superior to the one, which is optimal with ...
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Capital structure, credit risk, and macroeconomic conditions
... Thus, as predicted by our theory, beta first declines slowly and then rises abruptly upon announcement for the subsample of deals with β X < β Y in Figure 6c. [Insert Figure 7 Here] A potentially important concern ...
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The Effect of Macroeconomic Conditions on Banks’ Risk and Profitability
... impaired assets ratio and household gearing may reflect the broader macroeconomic impacts of changes in household gearing due to its effect on household expenditure or may simply reflect limitations of the data. ...
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The macroeconomic conditions of EU-inspired employment policies
... the institutional determinants of the labour market, have been incomplete up to 2005: due to departmentalism reflected in the tensions between the EU institutions responsible for employment and macro-policies ...
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Capital Structure, Credit Risk, and Macroeconomic Conditions
... debt with arbitrary maturity, equity, and levered firm value. We then use these closed-form expressions to analyze credit risk and determine optimal leverage. The analysis shows that, when the value of the aggregate shock ...
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