The debate on the direction of causality between financial development, trade liberalization and economic growth has been comprehensively growing since 1980s in theoretical and empirical literature. The existing literature provides conflicting views of this relationship More
The debate on the direction of causality between financial development, trade liberalization and economic growth has been comprehensively growing since 1980s in theoretical and empirical literature. The existing literature provides conflicting views of this relationship. Many economists believe that neglecting the effects of financial sector and trade openness on economic growth will provide us with incomplete picture of the growth process.For this reason, the purpose of this paper is to empirically investigate the impact of financial development and trade liberalization on economic growth of selected countries including Iran. we have studied countries based on the IMF Income classification in two groups: emerging markets and middle-income economies, low-income developing countries. Cointegration approach and generalized method of moments Difference estimation (DIF-GMM) are used, in this paper, to investigate the relationship between variables.The results indicate that financial development is positively significantly determining economic growth in all groups. Morever In emerging markets and middle-income economies, trade liberalization (in form of reducing tariff and non-tariff barriers) has positive and significan impact on economic growth. We also found that The good performance of the financial system reinforces the effect of trade liberalization and vice versa.
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In the present research, the main issue is the modeling of stock market volatility fluctuations in emerging markets. In the first step, by using Hadrik Prescott's filter and Garch model (1.1), for extraction of economic cycle, by using the GDP we are indicating business More
In the present research, the main issue is the modeling of stock market volatility fluctuations in emerging markets. In the first step, by using Hadrik Prescott's filter and Garch model (1.1), for extraction of economic cycle, by using the GDP we are indicating business cycles of conteries, the desired economics of modeling are carried out and the results obtained using Regression has been implemented on the returns of sample markets in 24 countries. The study period was between 1992 and 2016. The results show the significance and ability of models presented in the modeling of stock market fluctuations, and the relationship between economic cycles and capital market returns has been confirmed in some countries.
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Innovation in the banking industry will lead to the development and agility of this industry.As financial markets are evolving and constantly evolving with the growth of technology and based on the age of information and communication, we have to transform banking intel More
Innovation in the banking industry will lead to the development and agility of this industry.As financial markets are evolving and constantly evolving with the growth of technology and based on the age of information and communication, we have to transform banking intelligence to better adapt to such markets.However, this research was compiled with the aim of investigating the solutions for the development of banking intelligence in improving the financial performance of banks.This research is "descriptive-survey"in terms of method and"applied" in terms of purpose.The statistical population is 850 employees of National Bank of Gilan province.The samples were selected by non-random sampling of the available type, according to Morgan's table, 170 people were selected.A researcher-made questionnaire based on the Likert scale was used to collect data. Based on the results of factor analysis, three main factors were selected, the first factor explains 56.107% of the total variance and contains 11 research items and is more important in improving the bank's performance.The second factor explains 7.425% of the total variance and the 7 items located in it are of secondary importance.The third factor explains only 5.970% of the total variance and the 4 items included in it are less important than the other items. According to the study conducted in the field of development of banking intelligence, in order to improve the performance of banks, basic attention should be paid to "regulatory, neobank and recommender system, risk management, campaign design to increase customer interaction and improve banking efficiency in stabilizing the bank's position".
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The present study seeks to identify the factors affecting institutional vacuum management strategies in emerging markets. Costs from institutional gaps and multinational corporations in emerging markets need to adopt strategies to manage these gaps. On the other h More
The present study seeks to identify the factors affecting institutional vacuum management strategies in emerging markets. Costs from institutional gaps and multinational corporations in emerging markets need to adopt strategies to manage these gaps. On the other hand, research in this field has only examined the strategies of institutional vacuum management and less research has examined the factors affecting the adoption of these strategies. The present study has been conducted with a qualitative and exploratory approach and using a case study method based on a template. In this study, 13 international companies operating in Iran have been studied in-depth semi-structured. The results showed that the effective factors on the adoption of institutional vacuum management strategies include the type of vacuum and the consumer market (environmental factors), entry level and entry strategy (organizational factors). The findings of the present study are effective in explaining useful orientations for researchers in the field of international entrepreneurship as well as managers of companies operating in developing countries.
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