scholarly journals Does insurance hedge macro volatility? Global evidence

2017 ◽  
Vol 14 (2) ◽  
pp. 307-315 ◽  
Author(s):  
Paul Moon Sub Choi ◽  
Won Young Chae ◽  
Joung Hwa Choi ◽  
Young Bin Han
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Insurance Coverage ◽  
Economic Activities ◽  
Aggregate Risks ◽  
Insurance Density ◽  
Country Analysis ◽  
Cross Country ◽  
Global Evidence

Insurance is known in the literature as a contribution to economic growth. In our cross-country analysis, we found out that insurance density also appears to subdue macro volatility. In other words, an overall expansion of insurance coverage in an economy cushions aggregate risks. This empirical inference remains robust to controlling for other covariates known to co-move with economic activities. Given that the contribution of insurance to economic growth is more impactful in developing countries than in industrialized economies, not only this result is appealing to economic intuition, but also extends the claims in the existing researches.

The Impact of Regulation on Economic Growth in Developing Countries: A Cross-Country Analysis

2007 ◽  
Vol 35 (1) ◽  
pp. 87-103 ◽  
Author(s):  
Hossein Jalilian ◽  
Colin Kirkpatrick ◽  
David Parker
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Country Analysis ◽  
Cross Country ◽  
The Impact

scholarly journals DETERMINANTS OF LABOR-INTENSIVE EXPORTS BY THE DEVELOPING COUNTRIES: A CROSS COUNTRY ANALYSIS

2014 ◽  
Vol 59 (05) ◽  
pp. 1450043 ◽  
Author(s):  
KHONDOKER ABDUL MOTTALEB ◽  
KALIAPPA P. KALIRAJAN
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Business Environment ◽  
Cheap Labor ◽  
Country Analysis ◽  
Textile Industries ◽  
Cross Country ◽  
Basic Infrastructure ◽  
Garment And Textile ◽  
Made In

It is widely acknowledged that the export-oriented garment and textile industries have been playing important role on the overall economic development in developing countries. However, the performance of the developing countries in exporting garment and textiles is in fact, highly heterogeneous. While some of the developing countries such as, China, Vietnam and Bangladesh have been highly successful in exporting highly labor-intensive garment and textiles products, not all of the developing countries have been equally successful in doing so. Using cross-country panel data, an attempt has been made in this paper to ascertain the importance of infrastructure and business environment in explaining the heterogeneous performance in exporting garment and textiles by the developing countries. The paper empirically demonstrates that in addition to the availability of cheap labor, the availability of basic infrastructure, and a business friendly environment significantly affect the export of labor-intensive garment and textiles by the developing countries. The paper, thus, suggests to invest on infrastructure, and to develop a business friendly environment in developing countries to strongly link the growth potentials of labor-intensive products and economic growth.

scholarly journals DETERMINANTS OF INNOVATIVE ACTIVITIES: EVIDENCE FROM EUROPE AND CENTRAL ASIA REGION

2015 ◽  
Vol 60 (01) ◽  
pp. 1550004 ◽  
Author(s):  
CHI KEUNG MARCO LAU ◽  
FU STEVE YANG ◽  
ZHE ZHANG ◽  
VINCENT K. K. LEUNG
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Central Asia ◽  
Direct Investment ◽  
Estimation Procedure ◽  
Corruption Index ◽  
Country Analysis ◽  
Cross Country ◽  
Shed Light ◽  
Central Asia Region

Recent studies in the innovation literature show that Foreign Direct Investment (FDI) enhances innovations in recipient countries through spill-over effects. In this paper we extend the existing literature by incorporating the corruption index in the estimation procedure. Using a cross-country analysis from the Europe and Central Asia (ECA) region, covering 57 countries over the period of 1995–2010, we find no evidence of FDI spill-over effects on innovations, when corruption is endogenously modelled in the regression. Interestingly, we find that corruption and expenditure on education sector are positively related to the number of patents applications, suggesting anti-corruption programs encourage innovations that promote economic growth. Our study shed light on the national innovations and anti-corruption programs.

scholarly journals Impact of Project and Programme Aid on Economic Growth: A Cross Country Analysis

2018 ◽  
Vol 57 (2) ◽  
pp. 145-174
Author(s):  
Pervez Zamurrad Janjua ◽  
Malik Muhammad ◽  
Muhammad Usman
Keyword(s):  
Economic Growth ◽  
Principal Component ◽  
Economic Policies ◽  
Method Of Moment ◽  
System Equation ◽  
Moment Estimation ◽  
Country Analysis ◽  
Procurement Reform ◽  
Cross Country ◽  
The Impact

This study examines the impact of foreign aid instruments, namely Project Aid and Programme Aid, on economic growth of 27 aid-receiving countries. The study constructs a system of three equations, i.e. growth, investment and human capital. Using the Generalised Method of Moment estimation technique, the study concludes that while Project Aid has a positive and significant impact on economic growth, Programme Aid has an insignificant impact on economic growth. Additionally, the study finds that economic policies do enhance effectiveness of aid at aggregate level. Therefore, the capacity of aid-recipient countries to effectively use their resources for economic development needs due consideration. Keywords: Project Aid, Programme Aid, Economic Growth, Conditionality, Procurement Reform, System Equation Method, Generalised Method of Moment (GMM), Principal Component Analysis

scholarly journals The Development of Corporate Bond Markets: A Cross-Country Analysis

2015 ◽  
Vol 8 (1) ◽  
pp. 50 ◽  
Author(s):  
Dung P. Le ◽  
Quang T. T. Nguyen ◽  
Toan M. Nguyen
Keyword(s):  
Developing Countries ◽  
Exchange Rates ◽  
Method Of Moments ◽  
Generalized Method Of Moments ◽  
Corporate Bonds ◽  
Corporate Bond ◽  
Bond Markets ◽  
Exchange Rate Variability ◽  
Country Analysis ◽  
Cross Country

<p>This study examines how macro-determinants influence corporate bonds by firms in 90 developed and developing countries over the period of 1970-2013. Employing Generalized Method of Moments (GMM) model, the study explores whether exchange rate variability and the openess of the economy have a significant impact on corporate bonds of firms. Specifically, it examines whether increased variability of exchange rates, increases the issuing of corporate bonds by the firms in these countries, or whether corporate bonds are used less by firms in countries where there is greater openness.<strong></strong></p>

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