کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
987082 1480910 2010 11 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Project finance as a driver of economic growth in low-income countries
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Project finance as a driver of economic growth in low-income countries
چکیده انگلیسی

This study investigates the role of project finance as a driver of economic growth. We hypothesize that project finance is beneficial to the least developed economies as it is able to compensate for a lack of domestic financial development. The contractual structure unique to project finance leads to better investment management and governance. Investigating 90 countries from 1991 to 2005, we find support for our hypothesis. Results show that project finance fosters economic growth and that its effect is strongest in low-income countries, where financial development and governance is weakest.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Review of Financial Economics - Volume 19, Issue 2, April 2010, Pages 49–59
نویسندگان
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