[PDF] Top 20 Finance, growth and fragility: The role of government

... the finance-growth relationship might be that financial development helps catch up to the productivity frontier, but has limited or no growth effect for countries that are close to or at the frontier ... See full document

... Cook (1997a, 1997b) reports a low level of intermediation and small business lending in Russia, a conclusion which is consistent with previous research. 8 Similar results have been reported for Poland (Feakins, 1997), ... See full document

... the government, both in percentages of domestic GDR The results in Table ...the growth of credit to the public sector is not significant in this ...expect government deficits financing from the ... See full document

... of government intervention into the market economy and of government demand management, re-distribution of income from (lower) wages to profits and top management salaries, and deregulation and ... See full document

... population, government spending as a share of GDP, and trade openness is obtained from the Penn World Tables (Heston et ...the growth equation comes from United Nations Commodity Trade Statistics Database ... See full document

... to finance their growth (and hence should be badly ...important role, as it is likely that small firms, if young, are indebted due to initial start up costs, but they also have higher potential for ... See full document

... economic growth between 1970 and 2008 using the OLS multiple regression ...public finance system that, to the extent possible, links specific expenditure and revenue decisions and ensure the usage of the ... See full document

... economic growth is stimulating or curbing should take from not only the angle of time character in the financial environment mainly but also the resource endowment factor of the ...the government will curb ... See full document

... financial fragility and economic ...economic growth through the fragility process; ...financial fragility, but that financial fragility is more likely to occur in a liberalised ... See full document

... local government financial performance indicators are amplified when we consider wider conceptual ...local government performance ...local government area, the proportion of non- English speaking and ... See full document

... " So far as individual authorities may have to deal with circum- stances beyond their own control, for example an increase in the population, this should be covered by the formula, but i[r] ... See full document

... In the Preliminary Survey there was a good deal of discussion concerning the importance of the relative wealth of the various Local Authority areas in connection with Local Authority fin[r] ... See full document

... The exemption of vacant urban land encourages the speculative hoarding of land, which drives up the price of land generally, makes land more scarce, and forces a more disperse pattern of[r] ... See full document

... An even greater overspend was budgeted for 198182 by local authorities and hence the Secretary of State took selective action under the Local Government Miscellaneous Provisions Scotland[r] ... See full document

... to government …nance? Expected bankruptcy costs depend on the probability of bankruptcy and the magnitude of bankruptcy ...of government default increases with the amount of ...socialist government ... See full document

... The central feature of our model is that governments have at their disposal a menu of depreciation-related revenues. To assess the importance of these alternative revenue sources we conduct detailed case studies of how ... See full document

... f government finance, have a tendency to note the deviations from sound financial practice which they have unconsciously accepted as the ideal form o f ...“Sound Finance” without really examining ... See full document

... provincial growth and convergence, both for developing economies and for ...TFP growth and regional inequality in ...TFP growth both directly (through purposeful innovation activity) and indirectly ... See full document

... o finance instit tions as a const ctive tool he e a e diffe ent a s hich financial incl sion stim lates economic g o th in the econom hese comp ises of savings mo ili ation th o gh att active inst ments efficient ... See full document

... to finance, thus emphasizing the endogeneity of this ...to finance, more research is warranted so as to identify why access to finance is important, how best to measure it and how to improve it on ... See full document