Credit Constraints and Growth Gains from Governance
學年 108
學期 1
出版（發表）日期 2019-12-31
作品名稱 Credit Constraints and Growth Gains from Governance
作品名稱（其他語言）
著者 Joyce Hsieh; Ting-Cih Chen; Shu-Chin Lin
單位
出版者
著錄名稱、卷期、頁數 Applied Economics 51(11), p.1199–1211
摘要 This paper contributes to the governance literature by analyzing the specific mechanisms through which governance affects economic growth: The credit channel. Specifically, it investigates the growth impact of governance on industries with different levels of dependence on external finance. Better governance mitigates credit market imperfections by increasing transparency and accountability and reducing government-policy distortions, promoting productive investment and entrepreneurship development, with a disproportionate impact on sectors that depend on external finance. This paper indeed finds that countries with well-functioning governments are better at providing growth and investment environments for the expansion of industries that rely heavily on external finance and the formation of new establishments in these industries, when controlling for financial development. These results are robust to possible reverse causality, different specifications, subsamples and outliers.
關鍵字 Governance;industry growth;financing constraints;credit channel
語言 en
ISSN 0003-6846; 1466-4283
期刊性質 國外
收錄於 SSCI ABS*
產學合作
通訊作者 Shu-Chin Lin
審稿制度 是
國別 GBR
公開徵稿
出版型式 ,電子版,紙本
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/124729 )