This study assesses financial determinants of informal sector development in 48 Sub-Saharan African countries for the period 1995-2017. Quantile regressions are used as empirical strategy which enables to assess throughout conditional distribution dynamics. The following affect and informalization differently terms magnitude sign: bank overhead costs; net internet margin; concentration; return ...

Although theory emphasizes the role of financial market frictions in explaining income inequality, there is little empirical research exploring how financial development and financial sector reforms influence the evolution of income inequality. This paper examines how finance impacts on income inequality in India using annual time series data for over half a century. The results indicate that w...

Purpose ― Mishkin’s hypothesis suggests that globalization appears to be a vital factor in stimulating the development of financial system. The study examines this for Turkish economy from 1970 2017. It focuses on link between and by integrating economic growth, inflation, natural resource rent as additional determinants into specification. Methods Ng-Perron Vogelsang-Perron unit root tests are...

This paper assesses the relationship among energy consumption, financial development, economic growth, industrialization and urbanization in Tunisia from 1971 to 2008. The autoregressive distributed lag bounds testing approach to cointegration and Granger causality tests is employed for the analysis. The result confirms the existence of long-run relationship among energy consumption, economic g...

Countries need short, medium, and long-term investment plans for production growth and development. Different sources for these investments can be supplied through retained profit, stock issuance, and bank loans, or a combination them. Institutions and firms need huge amount of capitals for their survival, production, and also development of activities. In addition, these institutions and firms...