Access to Credit as a Growth Constraint
From a sample of 75,854 Slovenian fi rms in the period 1995–2011, we examine the effects of a fi rm’s access to bank credit on its growth. The results suggest that as the external fi nancing constraint relaxes and fi rm gets access to credit, the ...
Matjaž Volk, Polona Trefalt
doaj +1 more source
Panel data analysis with heterogeneous dynamics [PDF]
This paper proposes a model-free approach to analyze panel data with heterogeneous dynamic structures across observational units. We first compute the sample mean, autocovariances, and autocorrelations for each unit, and then estimate the parameters of interest based on their empirical distributions. We then investigate the asymptotic properties of our
Ryo Okui, Takahide Yanagi
openaire +3 more sources
Banking System Adjustment to Regulatory Capital Requirements
The main objective of this paper is to explore the adjustment of bank business activities to new regulatory capital requests using panel data analyses of the European banking system.
Ivica Klinac, Roberto Ercegovac
doaj +1 more source
Determinants of Interest Margin in Pakistan: A Panel Data Analysis
This paper explores the determinants of the net interest margin (NIM) using unbalanced panel data from 2003 to 2017. This paper’s objective is achieved by using a two-step system generalised method of moment (GMM) for estimation.
Murad Khan, Abdul Jalil
doaj +1 more source
Testing the Financial Convergence Hypothesis and Estimating the Convergence Rate in Selected Countries (Generalized Method of Moments Approach) [PDF]
The hypothesis of financial convergence, as one of the upshots of neoclassical economic growth models, emphasizes the process of reducing the financial gap between countries, and in meantime, the speed of this convergence is of particular importance ...
Hatef Hazeri Niri +2 more
doaj +1 more source
Dynamic Tourism in ASEAN Countries: Do Institutional Indicators Matter?
Tourism is one of the fastest-growing industries. Tourism is able to move the economy forward at the micro-level such as encouraging the informal sector and local potential while at the macro level it can increase currency transactions.
Vita Kartika Sari, Malik Cahyadin
doaj +1 more source
The relationship between corporate governance characteristics and agency costs [PDF]
The present study aims to evaluate the contributing factors to agency costs in Iran. In this regard, 112 companies were studied over 2010 - 2016. Since the model is dynamic and the dependent variable suffers from a lag, the generalized method of moments
Mahdi Salehi +3 more
doaj +1 more source
Estimating Causal Effects from Panel Data with Dynamic Multivariate Panel Models
Panel data are ubiquitous in scientific fields such as social sciences. Various modeling approaches have been presented for observational causal inference based on such data. Existing approaches typically impose restrictive assumptions on the data-generating process such as Gaussian responses or time-invariant effects, or they can only consider short ...
Jouni Helske, Santtu Tikka
openaire +3 more sources
Commodity price volatility and economic growth in Africa: the mitigating role of trade policy [PDF]
The extreme volatile behavior of Africa’s output and consumption is strongly related to the extent of exposure to external shocks in its trade earnings.
Adeyemi Ogundipe
doaj +1 more source
Determinants of Dividend Payout Decisions: A Dynamic Panel Data Analysis of Turkish Stock Market
This study analyzes the firm-specific factors affecting the dividend payout decisions of the companies whose shares are traded on the Borsa Istanbul stock exchange.
Faruk Bostanci +2 more
doaj +1 more source

