What Determines Premium of MFIs in the Mena Region? A Panel Data Analysis (2004- 2014)

In order to see if our panel results are robust to a possible outlier effect, we therefore recalculated the panel LM test statistic (with breaks) omitting these four countries.

The countries are Argentina, Brazil, Canada, Chile, China, Colom- bia, Costa Rica, Croatia, the Czech Republic, Ecuador, Estonia, Finland, France, Germany, Honduras, Hungary,

Second, the results suggest that the emigration of skilled workers from developing to rich countries tends to exert a positive impact on the long-run level of human capital of

L’archive ouverte pluridisciplinaire HAL, est destinée au dépôt et à la diffusion de documents scientifiques de niveau recherche, publiés ou non, émanant des

Serranito (2013) using a growth model with an imperfect international technological diffusion function point out that if the coefficient of technological diffusion is

In this case, the meteorological parame- ters, see Table 2a, indicate that the air mass over the TROC- CINOX observation area was predominantly subtropical, ex- cept for the

The effect of the trade credit balance (TC) upon the debt ratio is most significant (1%) and negative before the crisis as for all SMEs as well as for micro and midsize

We differentiate internal factors (cost of capital, operating expenses and loss provisions) from the external ones (regulation, competition and inflation).The outcomes of