Three Essays on Financial Development
| Author: | Mgr. Jan Mareš (23.9.2020) |
|---|---|
| Year: | 2020 - summer |
| Leaders: | prof. Roman Horváth Ph.D. |
| Consultants: | |
| Work type: | Dissertations Economic Policy |
| Language: | English |
| Pages: | 180 |
| Awards and prizes: | |
| Link: | |
| Abstract: | The dissertation is a compilation of three empirical papers on the effects of financial development. In the first paper, we examine finance's effect on long-term economic growth using Bayesian model averaging to address model uncertainty. Our global sample findings indicate that the efficiency of financial intermediation is robustly related to long-term growth. The second and third papers investigate the determinants of wealth and income inequality, capturing various economic, financial, political, institutional, and geographical factors. We reveal that finance plays a considerable role in shaping both distributions. |
