proximate determinants of money stock in a developing economy

(1951-52 to 1979-80). by Amitava Mukherjee

Publisher: Firma KLM in Calcutta

Written in English
Published: Downloads: 379
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Open LibraryOL13846657M

Search the world's most comprehensive index of full-text books. My library. stock market development, I argue that devising legal infrastructure that accommodates stock market in Ethiopia is a timely issue to catch up with the global trend, given the current demand for stock trading as revealed by the over-the-counter markets. Key words Companies, over-the-counter, stock brokerage, stock market, Ethiopia. In the s, without the contribution of growth in the physical capital stock, the annual growth rate of GDP per hour worked would have been k percent. In the s, without the contribution of increases in the stock of human capital, the annual growth rate of GDP per hour worked would have been k . Downloadable! This paper presents a model that integrates money, relative prices, and the current account balance as factors explaining movements in nominal (effective) exchange rates. Thus money and the current account are the proximate determinants of changes in real (effective) rates. The basic model is first analyzed under static expectations.

  In that article, Heitger distinguished between proximate and ultimate determinants of economic growth. The former are well known: additions to Author: James Dorn. 1. The Money Stock and Its Three Determinants 1 1. Nature and Scope of the Study I 2. Cyclical Behavior of the Rate of Change in the Money Stock 4 3. Framework of the Analysis 8 4. The Problem of Interdependence 15 2. Contributions of the Three Determinants to the Rate of Change in the Money Stock 17 1. Contributions of the Determinants to. This result suggests that the resolution of political risk can be an important factor in the development of emerging stock markets. The analysis also shows the factors identified above as determining stock market development in emerging economies can also explain the development of the stock Cited by:   Economic Development Unit: Sources of Economic Growth This is video 2 of 6 videos in “The Economic Development Series”. Watch the entire series right here.

Sources of Economic Growth and/or Development []. Development (Todaro): multidimensional process (ideally each outcome will have its own indicator) involving the reorganization and reorientation of entire economic and social systems: Producing more necessities/needs (i.e., food, shelter and health care) and broadening the distribution. domestic economy. The study Foreign Direct Investment for Development attempts primarily to shed light on the second issue, by focusing on the overall effect of FDI on macro-economic growth and other welfare-enhancing processes, and on the channels through which these benefits take effect. The overall benefits of FDI for developing countryFile Size: KB. A complete introduction to economics and the economy taught in undergraduate economics and masters courses in public policy. CORE’s approach to teaching economics is student-centred and motivated by real-world problems and real-world data. Abstract. This chapter analyzes the determinants of the ex ante real rate of return on bank deposits and equity. In the case of bank deposit rates, robust results include the lack of significance of money growth and a moderate role of foreign variables, with no significant role in particular for the world interest rate.

proximate determinants of money stock in a developing economy by Amitava Mukherjee Download PDF EPUB FB2

Get this from a library. The proximate determinants of money stock in a developing economy, to [Amitava Mukherjee] -- With reference to India. An Overview of the Proximate Determinants of Economic Growth in Indonesia Since Article in Bulletin of Indonesian Economic Studies November with 74 Reads How we measure 'reads'.

ECON Economics of Development Introduction to Economics Development Proximate determinants of poverty are causes that directly affect the variable of interest (low income per capita) ex.

Low levels of physical capital and human capital accumulation, low levels of technology, All that is needed to spur economic development is. determinants of stock market development in emerging market countries. The results also show that political risk, law and order, and bureaucratic quality are important determinants of stock market development because they enhance the viability of external finance.

This result suggestsFile Size: KB. of the most important determinants are quantified in Bongaarts model by four indices, each of which assumes a value between 0 and 1. When the index is close to 1, the proximate determinant will have a negligible inhibiting effect proximate determinants of money stock in a developing economy book fertility, whereas when it tends a File Size: KB.

The Link Between Fundamentals and Proximate Factors in Development Wolfgang Keller Stanford and Coloradoy Carol H. Shiue Stanford and Coloradoz Septem Abstract We examine the relationship between institutions, trade, and city growth in the 19th century.

There are two –ndings. The paper finds that macroeconomic factors such as income level, gross domestic investment, banking sector development, private capital flows, and stock market liquidity are important determinants of stock market development in emerging market by: Economic Development: Proximate and Deep Determinants In this presentation we will explore the extent that and manner in which certain determinants have affected both short-term and long-term economic growth and development.

Institutions Institutions involve humanly devised. “Proximate” or economic determinants refers to factors like capital accumulation, technological progress, labour and “ultimate” or non-economic sources refers to factors like government efficiency, institutions, political and administrative systems, cultural and social factors, geography and demography (Acemoglu, ).File Size: 96KB.

DETERMINANTS OF ECONOMIC GROWTH 15 totaled about $ billion, or close to 73 percent of global income of $ tril-lion. Sixty years later, inthe developed world had only 19 percent of the global population and about 44 percent of global income. Inan average person in a developing economy earned in constantFile Size: KB.

determinants of stock market growth. As we know macroeconomic factors are important in stock market development. Garcia and Liu () showed that macroeconomic factors such as real income, savings rate, financial intermediary development, and stock market liquidity are important determinants of stock market Size: KB.

economic growth are the determinants of stock market development. Apart from the micro and macro-based models, there are many studies linking stock market development to macroeconomic and institutional factors.

The macroeconomic factors include the economic development, banking sector development, inflation rate, exchange rate, foreign directFile Size: KB.

First, in developing countries economic growth, domestic credit, and stock market liquidity are positive determinants of the development of stock market.

While the effect of money supply is negative, institutional factors such as government. The supply of money is a stock at a particular point of time, though it conveys the idea of a flow over time.

The term ‘the supply of money’ is synonymous with such terms as ‘money stock’, ‘stock of money’, ‘money supply’ and ‘quantity of money’. The supply of money at any moment is the total amount of money in the economy.

rameters that a ect the stock market development in a country by using a Dynamic Panel Data model with Panel Data from 98 countries between the years A scoring system called Stock Market Indicator (SDI) is also developed, in which the worlds countries is ranked in order to assess.

It is widely accepted that a well-functioning financial system is crucial for the development of the economy. As such, it becomes crucial to investigate what the determinants of stock market development are. This would enable policy makers to take the necessary steps to enhance stock market development, which will in turn trigger a much-needed economic : Shashi Jeevita Matadeen.

MACROECONOMIC DETERMINANTS OF STOCK MARKET DEVELOPMENT 29 Journal of Applied Economics, Vol. II, No. 1 (May ), MACROECONOMIC DETERMINANTS OF STOCK MARKET DEVELOPMENT VALERIANO F. GARCIA and LIN LIU* Using pooled data from fifteen industrial and developing countries from to The Determinants of Stock Market Development in Emerging Economies: Examining the Impact of Corporate Governance and Regulatory Reforms (I): /ch “The chief concerns of EMEs (emerging market economies) in relation to their financial systems remain developmental rather than regulatory: increasingAuthor: Sarah Newton.

results found that, macro-economic factors such as stock market liquidity, institutional quality, income per capita, domestic savings and bank development are important determinants of stock market development in the Nairobi Stock Exchange. The regression analysis reported no relationship between stock market development and.

Macroeconomics, System of National Accounts, Variants of GDP, The goods market, Financial markets, Demand for money and bonds, Equilibrium in the money market, Price of bonds and interest rate, The IS-LM model, The labor market, The three markets jointly: AS and AD, Phillips curve and the open economy.

Author (s): Robert M. Kunst. Hundreds of empirical studies on economic growth across countries have highlighted the correlation between growth and a variety of variables. Determinants of Economic Growth, based on Robert Barro's Lionel Robbins Memorial Lectures, delivered at the London School of Economics in Februarysummarizes this important by: Following the pioneering study of Milton Friedman and Anna Schwartz (A Monetary History of the United States,Princeton, ), Temin decomposed his estimates of the money stock into its three proximate determinants: specie (the monetary base), the reserve ratio of the banks (the banks’ specie reserves as a percent of bank monetary.

stock of money can be viewed as being determined by three factors: (1) the stock of 'high-powered' money, (2) the ratio of deposits to reserves, and (3) the ratio of deposits to currency. They have also suggested a framework for analyzing the changes in the stock of money as being attributed to changes in the underlying determinants of the money stock.

PROXIMAL AND DISTAL IN PUBLIC HEALTH THOUGHT. The idea that disease etiology and distribution are attributable to causes deemed “far” from and “near” (including within) the body is ancient22 – 27; Hippocratic tradition, in the 5th century BCE, famously invoked both atmosphere and individual constitution as explanations for epidemic disease, 25 By contrast, the idea that there is a Cited by: As developed by Friedman and Schwartz |15~ and extended by Cagan |10~, changes in the M2 stock of money can be attributed arithmetically to changes in three proximate determinants--the monetary base, the ratio of currency to deposits (the currency ratio) and the ratio of reserves to deposits (the reserve ratio).(2) The three proximate determinants are affected by different economic forces or react.

The determinants of stock prices: Evidence from the Turkish banking sector The l in the equilibrium shows the length of lag (Kónya,p. While N indicates the number of horizontal cross units (1.,)jN, t shows the time dimension (1.,) Kónya () panel causality test is based on the Wald test Size: KB.

Money supply (M) and high- powered money (H) are linked through the money multiplier (mm). The money multiplier is the ratio of the stock of money to the stock of high-powered money, and is always greater than one.

From Fig. it is clear that the larger the deposits are as a fraction of the money supply, the higher is the value of the. The supply of money – bank behaviour and the implications for monetary analysis portfolio shifts).

By contrast, if monetary developments deviate from the economic determinants as a result of a shift in money supply that is caused either by a structural change or a shift in the perception of risks, thisFile Size: KB. A) The type of institutions in a nation is considered a proximate cause of prosperity.

B) Societal religious beliefs and existing social norms are key proximate causes of economic prosperity. C) Cultural and geographical factors that affect economic prosperity can be changed faster than the institutional factors that affect it.

Economic Determinants of Development in World Economy, An Analysis of Countries. Bildirici, M. and Sunal, S. Abstract Transaction Costs, Structural Change and the Integration of International Financial Markets: An analisys of interest rates in Ten OECD Countries,Ghali, K.

and Eid, M.B. Abstract. This study contributes to understanding the role of financial development on economic growth theoretically and empirically. In the theoretical part of the paper, by developing a Solow–Swan growth model augmented with financial markets in the tradition of Wu, Hou, and Cheng (), we show that debt from credit markets and equity from stock markets are two long run determinants of GDP per Cited by: His landmark American Economic Review paper with Bruce Johnston, “The role of agriculture in economic development” was, along with the Nobel Laureate W.

Arthur Lewis’ classic paper, absolutely founda-tional to subsequent understanding of how agricultural development ignites economic growth and poverty reduction at larger Size: 2MB.With respect to fertility, Bongaarts () showed that all social and economic factors must work through one or more “proximate determinants.” For example, for economic change to influence fertility it must affect one of its proximate determinants, such as the proportion of women who marry or have sexual partners, the proportion of couples using contraception, the prevalence of abortion, or the Cited by: