Government financial regulation and growth

Government financial regulation and growth

Abstract: The effects of financial system on economic growth rate are identified. To do this in an endogenous stochastic growth model with two types of financial systems, efficient and inefficient ones, the effects on growth are studied. This investigation shows that financial inefficiency has a negative impact on growth. A financial regulation through a capital yield tax corrects negative impacts on growth; furthermore, the necessary conditions for growing under this scenario are characterized. An empirical study is carried out in order to verify the relationship between economic growth and financial regulations.

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Main Authors: Rivas Aceves,Salvador, Amato,Chiara
Format: Digital revista
Language:English
Published: Universidad Nacional Autónoma de México, Facultad de Economía 2017
Online Access:http://www.scielo.org.mx/scielo.php?script=sci_arttext&pid=S0185-16672017000100051
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spelling oai:scielo:S0185-166720170001000512017-11-08Government financial regulation and growthRivas Aceves,SalvadorAmato,Chiara Financial market regulation efficiency of capital market economic growth macroeconomic equilibrium Abstract: The effects of financial system on economic growth rate are identified. To do this in an endogenous stochastic growth model with two types of financial systems, efficient and inefficient ones, the effects on growth are studied. This investigation shows that financial inefficiency has a negative impact on growth. A financial regulation through a capital yield tax corrects negative impacts on growth; furthermore, the necessary conditions for growing under this scenario are characterized. An empirical study is carried out in order to verify the relationship between economic growth and financial regulations.info:eu-repo/semantics/openAccessUniversidad Nacional Autónoma de México, Facultad de EconomíaInvestigación económica v.76 n.299 20172017-03-01info:eu-repo/semantics/articletext/htmlhttp://www.scielo.org.mx/scielo.php?script=sci_arttext&pid=S0185-16672017000100051en
institution SCIELO
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country México
countrycode MX
component Revista
access En linea
databasecode rev-scielo-mx
tag revista
region America del Norte
libraryname SciELO
language English
format Digital
author Rivas Aceves,Salvador
Amato,Chiara
spellingShingle Rivas Aceves,Salvador
Amato,Chiara
Government financial regulation and growth
author_facet Rivas Aceves,Salvador
Amato,Chiara
author_sort Rivas Aceves,Salvador
title Government financial regulation and growth
title_short Government financial regulation and growth
title_full Government financial regulation and growth
title_fullStr Government financial regulation and growth
title_full_unstemmed Government financial regulation and growth
title_sort government financial regulation and growth
description Abstract: The effects of financial system on economic growth rate are identified. To do this in an endogenous stochastic growth model with two types of financial systems, efficient and inefficient ones, the effects on growth are studied. This investigation shows that financial inefficiency has a negative impact on growth. A financial regulation through a capital yield tax corrects negative impacts on growth; furthermore, the necessary conditions for growing under this scenario are characterized. An empirical study is carried out in order to verify the relationship between economic growth and financial regulations.
publisher Universidad Nacional Autónoma de México, Facultad de Economía
publishDate 2017
url http://www.scielo.org.mx/scielo.php?script=sci_arttext&pid=S0185-16672017000100051
work_keys_str_mv AT rivasacevessalvador governmentfinancialregulationandgrowth
AT amatochiara governmentfinancialregulationandgrowth
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