We analyze the role of uncertainty on financial markets, growth, and development, considering that uncertainty is caused by two shocks, a liquidity shock and an idiosyncratic productivity shock. The liquidity shock creates a demand for credits, the idiosyncratic shock (productivity of the risky investment) determines financial development. When agents foresee their idiosyncratic shocks, they can share risk and aggregate uncertainty can enhance growth. However, imperfect foresight impedes risk sharing and constraints credits. In this case, uncertainty reduces growth in the long term. The government can promote inter-temporal saving and international capital flows to compensate for distortions. Performing a numerical analysis for developing countries, and utilizing the U.S. as a benchmark, we find a positive relationship between credits and the return of the risky investment (R&D). We also find that the return of this investment can be more important for growth than its ratio to GDP. The foregoing is crucial for developing countries that need to growth faster for development.
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Da: BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, Germania
Taschenbuch. Condizione: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -We analyze the role of uncertainty on financial markets, growth, and development, considering that uncertainty is caused by two shocks, a liquidity shock and an idiosyncratic productivity shock. The liquidity shock creates a demand for credits, the idiosyncratic shock (productivity of the risky investment) determines financial development. When agents foresee their idiosyncratic shocks, they can share risk and aggregate uncertainty can enhance growth. However, imperfect foresight impedes risk sharing and constraints credits. In this case, uncertainty reduces growth in the long term. The government can promote inter-temporal saving and international capital flows to compensate for distortions. Performing a numerical analysis for developing countries, and utilizing the U.S. as a benchmark, we find a positive relationship between credits and the return of the risky investment (R&D). We also find that the return of this investment can be more important for growth than its ratio to GDP. The foregoing is crucial for developing countries that need to growth faster for development. 68 pp. Englisch. Codice articolo 9783330010567
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Da: moluna, Greven, Germania
Condizione: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Autor/Autorin: Farias Maria ElisaMaria Elisa Farias, Economist, Ph.D. at Universidad de Chile, M.A. at New York University. Macroeconomics, Monetary Economics, Development, International Economics. Professor, Universidad Diego Portales, Universidad. Codice articolo 158122745
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Da: buchversandmimpf2000, Emtmannsberg, BAYE, Germania
Taschenbuch. Condizione: Neu. This item is printed on demand - Print on Demand Titel. Neuware -We analyze the role of uncertainty on financial markets, growth, and development, considering that uncertainty is caused by two shocks, a liquidity shock and an idiosyncratic productivity shock. The liquidity shock creates a demand for credits, the idiosyncratic shock (productivity of the risky investment) determines financial development. When agents foresee their idiosyncratic shocks, they can share risk and aggregate uncertainty can enhance growth. However, imperfect foresight impedes risk sharing and constraints credits. In this case, uncertainty reduces growth in the long term. The government can promote inter-temporal saving and international capital flows to compensate for distortions. Performing a numerical analysis for developing countries, and utilizing the U.S. as a benchmark, we find a positive relationship between credits and the return of the risky investment (R&D). We also find that the return of this investment can be more important for growth than its ratio to GDP. The foregoing is crucial for developing countries that need to growth faster for development.VDM Verlag, Dudweiler Landstraße 99, 66123 Saarbrücken 68 pp. Englisch. Codice articolo 9783330010567
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Da: AHA-BUCH GmbH, Einbeck, Germania
Taschenbuch. Condizione: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - We analyze the role of uncertainty on financial markets, growth, and development, considering that uncertainty is caused by two shocks, a liquidity shock and an idiosyncratic productivity shock. The liquidity shock creates a demand for credits, the idiosyncratic shock (productivity of the risky investment) determines financial development. When agents foresee their idiosyncratic shocks, they can share risk and aggregate uncertainty can enhance growth. However, imperfect foresight impedes risk sharing and constraints credits. In this case, uncertainty reduces growth in the long term. The government can promote inter-temporal saving and international capital flows to compensate for distortions. Performing a numerical analysis for developing countries, and utilizing the U.S. as a benchmark, we find a positive relationship between credits and the return of the risky investment (R&D). We also find that the return of this investment can be more important for growth than its ratio to GDP. The foregoing is crucial for developing countries that need to growth faster for development. Codice articolo 9783330010567
Quantità: 1 disponibili
Da: preigu, Osnabrück, Germania
Taschenbuch. Condizione: Neu. The Effect of Uncertainty and Volatility on Financial Markets | The Effect on Growth and Development | Maria Elisa Farias | Taschenbuch | 68 S. | Englisch | 2016 | LAP LAMBERT Academic Publishing | EAN 9783330010567 | Verantwortliche Person für die EU: preigu GmbH & Co. KG, Lengericher Landstr. 19, 49078 Osnabrück, mail[at]preigu[dot]de | Anbieter: preigu. Codice articolo 107925401
Quantità: 5 disponibili