Resource title

Measuring the functional efficiency of capital markets

Resource image

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Resource description

We apply the accelerator principle to measure the functional efficiency of capital markets. We estimate the elasticity of capital with respect to output using a panel of firms across 44 countries, and compare the results with existing approaches. Furthermore, we correlate our measure with corporate governance institutions.

Resource author

Johan E. Eklund, Sameeksha Desai

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/25732

Resource license

Adapt according to the presented license agreement and reference the original author.