... phenomena and to control for the idiosyncrasies of the Portuguese ...Fuinhas and Marques (2012), for ...integration in the EMU, based on several potential shocks, namely: (i) the presence of a ...
... on financial markets and capital structure of firms are not very extensive in emerging markets ...a stockmarket as well as the size of banking ...structure in a dynamic setting ...
... countries’ economicdevelopment level, ...World Development Indicators’ ...Poland, Portugal, Slovak Republic, Slovenia, South Korea, Spain, Sweden, Switzerland, United Kingdom, United States ...
... economies in many countries are playing an increasingly large role by the remittances, contributing to economicgrowthand to the livelihoods of developing ...to financial services for ...
... undertaken. Financial monitoring has cost ξ > 0: paying cost ξ, each individual can join the …nancial market, become part of “…nancial coalition”, and return of his savings are all ...
... versus market based theoretical paradigm and the second was based on the law and finance ...for economicgrowthand access to information to take up (Levine, ...the market ...
... Caldero´n and Poggio [27] examined the structural factors that may have impact on growth effect of trade ...The growth benefits of rising trade openness are conditional on the level of progress ...
... role in influencing the economicgrowth of a ...tight in order to prevent crises and limit the amount of systemic risk, this can result on a lower financialdevelopment ...
... developments in Turkish economy indicate that energy, trade openness andfinancialdevelopment are critical determinants of economic ...openness andfinancial ...
... (Pesaran and Pesaran, 1997). In a conditional unrestricted Error Correction Mechanism (ECM), F-statistic or Wald test is used in order to test the significance of lagged levels of the variables ...
... if financial liberalization is not well implemented may conduct to severe financial ...crisis. In Stiglitz (2000) the innumerous financial crisis verified have for principle the ...
... endogenous growth model, but he is not analyzing the speed of ...interested in the dynamics of the model following a shock in the ...economies andgrowth, which concentrates more on ...
... low growthand relatively high unemployment would decide to increase the role of the state in the ...occurring in other parts of Latin America at the beginning of the 21 st Century so it is ...
... %, andin SEE countries may expect further long-term increases of unemployment ...labour market is the area where the transition process has had big changes and long-term implications, so ...
... of financial instability, is the financialdevelopment variable, is the trend component of financialdevelopment variable, is the cyclical component of financial ...
... Demetriades and Hussein (1996), the findings about an association between economicgrowthandstockmarketdevelopment are not consistent when analyzed with different ...
... life and non -life insurance purchase across ...on economic, demographic and institutional variables and sho wn – like Park and Lemaire (2009) [18] - that high income per capita, low ...
... countries in the world and has gone through three main structural changes in the last three ...from Portugal, which occurred in ...Union and East Germany for assistance. The ...
... organizers in the secondary market made up ...dominated in the structure of trade organizations operations; during 2014 their share was almost 75% of the total turnover of securities in the ...
... new growth theories play an important role in explaining aggre- gate ...growth. In contrast, they find that variation ingrowth rates across countries are more robustly explained ...