Does the Establishment of SME Stock Exchanges Lead to Better Economic Development in Emerging Countries?
This paper links stocks market and SMEs together with the idea of SME stock exchange, and it explores the effect of SME stock exchanges on economic development in 22 emerging countries. Using a fixed-effect regression, the paper controls for almost all relevant time-invariant factors and avoids circularity issues in the causal relationship analysis. While it finds no strong causal effect of SME board adoption on overall economic performance, the paper provides potential explanations and explanatory tests, suggesting areas for future studies.
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DOES INCREASED PER CAPITA TRADE LEAD TO HUMAN DEVELOPMENT? - A STUDY OF THE ASEAN COUNTRIES, CHINA, JAPAN AND KOREA (ASEAN PLUS THREE) Deng, Rui (Georgetown University, 2013)The linkage between trade and development is complex. Different measure of development yields different relationship between trade and development. Moreover, the impact of trade on development is usually tested through the ...