Fiscal stance, election year and 2007 crisis, evidence from OECD countries (1980–2017)

Kallal, Sami; Guetat, Imène

doi:10.1016/j.jeca.2020.e00163

Cited by 3 publications

(1 citation statement)

References 28 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…In light of the prevalence of wealth inequality in society and its negative effect on technological growth, standard growth theory assumes that long-term income per capita growth mainly comes from increases in digital investments and technological innovations (Aghion & Howitt, 1998 ). According to the theory of creative destruction (Schumpeter, 1912 ), technological progress plays a vital role in financial and economic development by increasing the production function and is the main reason behind any economic growth (KallalaI & Guetat, 2020 ; Ngo & McCann, 2019 ). Similarly, according to classical growth models (Solow, 1956 ), growth is determined by the crucial role played by technological progress, namely, its enhancement of the production function, which leads to a significant increase in productivity, especially when different production factors are to produce high technology products.…”

Section: Introductionmentioning

confidence: 99%

The financial access, ICT trade balance and dark and bright sides of digitalization nexus in OECD countries

et al. 2023

View full text Add to dashboard Cite

The information and communication technology (ICT) of trade balance is one of the main facilitators of any business sustainability. As ICT and financial inclusion eases access to knowledge and enhances significantly developing several human skills and competencies, its impact in industrial sectors has mainly recognized as positive. But digitalization as well arguable comes with some other challenges, while disruptive digital innovations exerted on different industries and economies. In this spirit, this study aims to measure the impact of financial access and the information and communication technology (ICT) trade balance on the dark and bright sides of digitalization. Data has been collected from 31 countries of Organisation for Economic Co-operation and Development (OECD) for the period of 2008–2019. Technological growth, technological innovation, technological performance risk and ethical proxies were used to examine the dark and bright sides of digitalization. The main findings were consistent and confirmed by the estimated panel least squares, fixed and random effects, feasible generalized least squares and system generalized method of moments (S-GMM) estimators. Financial access has found to have a significant negative impact on the digitalization proxies reflecting the dark side of digitalization in all estimators. Whereas, the ICT trade balance has found to have a significant positive impact on digitalization proxies reflecting the bright side of digitalization in most estimators. These results contribute to the policy debate on the importance of digital finance models and ICT exports awareness when promoting the bright side of digitalization. Furthermore, policy makers should monitor and update information that is disclosed digitally as the results of this study extended support the creative destruction theory which implicitly included economic innovation and the business cycle theories.

show abstract

Section: Introductionmentioning

confidence: 99%

The financial access, ICT trade balance and dark and bright sides of digitalization nexus in OECD countries

et al. 2023

View full text Add to dashboard Cite

show abstract

Financial deepening indicators and income inequality of OECD and ASIAN countries

Alshubiri

2021

The Journal of Economic Asymmetries

View full text Add to dashboard Cite

Does government stability affect the banking system’s stability?

Stef¹,

Dimelis²

2023

Finance

View full text Add to dashboard Cite

Des gouvernements plus stables devraient contribuer à la préservation (amélioration) de la stabilité financière des systèmes bancaires en rendant les décisions publiques futures plus prévisibles. À cet égard, notre étude explore la relation entre la stabilité politique mesurée par la part de vote des partis gouvernementaux et la stabilité du système bancaire. En utilisant un échantillon de 84 pays au cours de la période 2004-2017, l’approche de panel dynamique confirme que ce pouvoir de vote n’est lié de manière significative au risque de défaut bancaire que dans les systèmes présidentiels. Une augmentation de la part de vote des partis gouvernementaux favorise probablement l’application de l’agenda politique du président en réduisant le degré d’incertitude politique. Cela semble renforcer la stabilité bancaire dans les systèmes présidentiels.

show abstract

Fiscal stance, election year and 2007 crisis, evidence from OECD countries (1980–2017)

Cited by 3 publications

References 28 publications

The financial access, ICT trade balance and dark and bright sides of digitalization nexus in OECD countries

The financial access, ICT trade balance and dark and bright sides of digitalization nexus in OECD countries

Financial deepening indicators and income inequality of OECD and ASIAN countries

Does government stability affect the banking system’s stability?

Contact Info

Product

Resources

About