Regulation of Financial Systems and Economic Growth:
This paper examines whether regulation that is more conducive to competitive and efficient financial systems has a significant positive impact on sectoral output and productivity growth in a sample of 25 OECD countries. More specifically, following a methodology used by Rajan and Zingales (1998), th...
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| Weitere Verfasser: | , , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2006
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| Schriftenreihe: | OECD Economics Department Working Papers
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| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper examines whether regulation that is more conducive to competitive and efficient financial systems has a significant positive impact on sectoral output and productivity growth in a sample of 25 OECD countries. More specifically, following a methodology used by Rajan and Zingales (1998), the paper tests whether industries that depend more heavily on external sources of funding tend to grow faster in countries that have more competition-friendly regulation in markets for banking services and financial instruments. The regulatory indicators are assembled from surveys conducted by the World Bank on regulations in banking and securities markets. They point to substantial variations in the stance of regulation across countries, in particular with respect to the broad rules underpinning securities market transactions. The empirical analysis indicates that financial system regulation matters for output growth both in a statistical and economic sense |
| Beschreibung: | 1 Online-Ressource (49 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/870803826715 |
Internformat
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| 520 | |a This paper examines whether regulation that is more conducive to competitive and efficient financial systems has a significant positive impact on sectoral output and productivity growth in a sample of 25 OECD countries. More specifically, following a methodology used by Rajan and Zingales (1998), the paper tests whether industries that depend more heavily on external sources of funding tend to grow faster in countries that have more competition-friendly regulation in markets for banking services and financial instruments. The regulatory indicators are assembled from surveys conducted by the World Bank on regulations in banking and securities markets. They point to substantial variations in the stance of regulation across countries, in particular with respect to the broad rules underpinning securities market transactions. The empirical analysis indicates that financial system regulation matters for output growth both in a statistical and economic sense | ||
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Datensatz im Suchindex
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| discipline | Wirtschaftswissenschaften |
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| id | DE-604.BV047935158 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T19:35:03Z |
| indexdate | 2024-12-18T19:04:07Z |
| institution | BVB |
| language | English |
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| physical | 1 Online-Ressource (49 Seiten) 21 x 29.7cm |
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| publishDate | 2006 |
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| publisher | OECD Publishing |
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| series2 | OECD Economics Department Working Papers |
| spelling | de Serres, Alain Verfasser aut Regulation of Financial Systems and Economic Growth Alain de Serres ... [et al] = Réglementation des systèmes financiers et croissance économique / Alain de Serres ... [et al] Réglementation des systèmes financiers et croissance économique Paris OECD Publishing 2006 1 Online-Ressource (49 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers This paper examines whether regulation that is more conducive to competitive and efficient financial systems has a significant positive impact on sectoral output and productivity growth in a sample of 25 OECD countries. More specifically, following a methodology used by Rajan and Zingales (1998), the paper tests whether industries that depend more heavily on external sources of funding tend to grow faster in countries that have more competition-friendly regulation in markets for banking services and financial instruments. The regulatory indicators are assembled from surveys conducted by the World Bank on regulations in banking and securities markets. They point to substantial variations in the stance of regulation across countries, in particular with respect to the broad rules underpinning securities market transactions. The empirical analysis indicates that financial system regulation matters for output growth both in a statistical and economic sense Economics Kobayakawa, Shuji ctb Sløk, Torsten ctb Vartia, Laura ctb https://doi.org/10.1787/870803826715 Verlag kostenfrei Volltext |
| spellingShingle | de Serres, Alain Regulation of Financial Systems and Economic Growth Economics |
| title | Regulation of Financial Systems and Economic Growth |
| title_alt | Réglementation des systèmes financiers et croissance économique |
| title_auth | Regulation of Financial Systems and Economic Growth |
| title_exact_search | Regulation of Financial Systems and Economic Growth |
| title_exact_search_txtP | Regulation of Financial Systems and Economic Growth |
| title_full | Regulation of Financial Systems and Economic Growth Alain de Serres ... [et al] = Réglementation des systèmes financiers et croissance économique / Alain de Serres ... [et al] |
| title_fullStr | Regulation of Financial Systems and Economic Growth Alain de Serres ... [et al] = Réglementation des systèmes financiers et croissance économique / Alain de Serres ... [et al] |
| title_full_unstemmed | Regulation of Financial Systems and Economic Growth Alain de Serres ... [et al] = Réglementation des systèmes financiers et croissance économique / Alain de Serres ... [et al] |
| title_short | Regulation of Financial Systems and Economic Growth |
| title_sort | regulation of financial systems and economic growth |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/870803826715 |
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