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Working Paper
Financial Sector Structure and Financial Crisis BurdenWe consider an overlapping generations model with two production factors and two types of agents in the presence of financial intermediation and its application to the Russian default of August 1998. The paper focuses on the analysis of the...
Working Paper
Economic Growth and Financial DepthAlthough the finance–growth nexus has become firmly entrenched in the empirical literature, studies that question the strength of the empirical results have appeared and seem to have become more frequent as well. In this paper we re-examine the core...
Working Paper
Examining Private Investment HeterogeneityWe investigate domestic private investment behaviour in a panel of 24 low-income and middle-income countries spanning a period of 1981-2000. The paper rigorously addresses (i) the cross-country heterogeneity in private investment behaviour, and (ii)...
Working Paper
Sources and Effectiveness of Financial DevelopmentDrawing on recent literature, the paper argues that institutions and political economy factors hold the key to understanding why some countries have succeeded in developing their financial systems while others have not. The paper also reviews new...
Working Paper
Financial Sector Development, Savings Mobilization and Poverty Reduction in GhanaThe paper primarily investigates the interrelationship between financial sector development and poverty reduction in Ghana. This is done using time-series data from the World Development Indicators from 1970-2001. The main findings are, first, that...
Working Paper
Financial Markets and R&D InvestmentsThis paper introduces a discrete-time intertemporal investment model in which the flow of profits affects the risk premium on the cost of finance, and, as a consequence, the rate of discount of future profits. While public investments, according to a...
Working Paper
Does Financial Liberalization Influence Saving, Investment and Economic Growth?This paper aims to investigate the relationship between financial liberalization on the one hand and saving, investment and economic growth on the other hand, using a new dataset for measuring financial liberalization for a sample of 25 developing...
Working Paper
Financial Sector Development and Productivity GrowthRecent years have witnessed important structural changes around the world as a result of the globalization process, the creation of new economic blocks and the liberalization of financial sector in many countries. Responding to these changes many...
Working Paper
Economic Reforms and Infrastructure SpendingThis paper examines the country specific effect of policy reform on infrastructure spending in China and India. In China we have examined how marketization and decentralization has affected the composition of provincial public expenditure and in the...
Blog
From the Editor's Desk (June 2013)
29 June 2013 Tony Addison The June-July summer issue of Angle comes to you amid the 19 hours daylight of the Finnish mid-summer. Last week UNU-WIDER’s...
Working Paper
Global Poverty, Aid, and Middle-Income CountriesThe majority of the world’s poor, by income poverty and multi-dimensional poverty, now live in countries officially classified by the World Bank as middle-income countries. Of course nothing happens when a country crosses a (somewhat) arbitrary...
Book Chapter
Sources and Effectiveness of Financial DevelopmentPart of Book Financial Development, Institutions, Growth and Poverty Reduction
Book Chapter
Does Financial Liberalization Influence Saving, Investment and Growth?Part of Book Financial Development, Institutions, Growth and Poverty Reduction
Research Brief
Global Poverty, Middle-Income Countries and the Future of Development AidThree-quarters of the world’s poor (however defined) live in countries classified as middle-income. Donors need not assume their only option is to abandon countries once they cross the arbitrary threshold in per capita income. The thresholds...
Displaying 16 of 19 results