These findings have several policy implications: (1) countries with weak financial sector performance could leverage FinTech to improve financial development, and (2) appropriate policies on FinTech development can drive digital financial inclusion, financial deepening, and consequently economic growth....
For instance, external capital will be more accessible to industries with a higher level of tangibility because tangible assets can serve as collateral for raising funds. This contributing factor could in practice influence the growth outcome of industrial sectors, especially those that have intensive ...
(2021), according to which institutional and regulatory quality have a strong diminishing effect on the size of the SE, in their investigation of 112 countries. On the other hand, the result is contradictory to the finding on 25 OECD countries by Enste (2010), according to which increased ...
The findings confirm that InQ plays a crucial role in the health–growth nexus, with the positive impact of LEX on ECG being more pronounced in countries with higher levels of InQ, while the effect is weaker in countries with lower levels of InQ. The findings of this study have crucial ...
Sachs and Warner in their famous working paper defined the resource curse as the tendency of mineral-exporting countries to have slower economic growth, controlling for other factors [12]. In The Paradox of Plenty: A Meta-Analysis, the authors identify the two major perspectives on the resource...