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Using state-level data from India over the period 1983 to 2005, this paper gauges the effect of financial deepening and …. This suggests that financial deepening contributed to poverty alleviation in rural areas by fostering entrepreneurship and …
Persistent link: https://www.econbiz.de/10011083926
for people to become an entrepreneur. Based on a large-scale data set of nearly ninety thousand workers in India, this …, are found to be conducive to entrepreneurship, while others, such as Hinduism, inhibit entrepreneurship. In addition, the … tradition of the caste system influence entrepreneurship, suggesting a link between religion and economic behaviour. …
Persistent link: https://www.econbiz.de/10005656369
We measure the consequences of asymmetric information and imperfect competition in the Italian lending market. We show that banks’ optimal price response to an increase in adverse selection varies with competition. Exploiting matched data on loans and defaults, we estimate models of demand for...
Persistent link: https://www.econbiz.de/10011262882
We develop a theory of imperfect competition with loss-averse consumers. All consumers are fully informed about match value and price at the time they make their purchasing decision. However, a share of consumers are initially uncertain about their tastes and form a reference point consisting of...
Persistent link: https://www.econbiz.de/10008468627
The EU policy against harmful tax competition aims at eliminating tax policies targeted at attracting the internationally mobile tax base. We examine this issue by considering two countries which decide their corporate tax rates their tax regimes (discriminatory or non-discriminatory tax...
Persistent link: https://www.econbiz.de/10008530356
This paper simulates the costs of the US-Japan auto VER. Under a standard constant returns to scale (CRTS) formulation, the costs are estimated at about $10 billion. It then sequentially introduces important features of the auto VER: endogenous rent premium determination, wage distortions in...
Persistent link: https://www.econbiz.de/10005123838
We develop a multi-country Dixit-Stiglitz model to investigate the impacts of: (i) changes in the international distribution of consumers' expenditure; (ii) decreasing tariffs; and (iii) improvements in transportation infrastructure. We show that, in general, decreasing tariff barriers do not...
Persistent link: https://www.econbiz.de/10005123913
We address the fundamental question arising in economic geography: why do economic activities agglomerate in a small number of places? The main reasons for the formation of economic clusters involving firms and/or households are analysed: (i) externalities under perfect competition; (ii)...
Persistent link: https://www.econbiz.de/10005123960
We develop a simple growth model with imperfect competition in which demand conditions can affect the dynamics of capital accumulation, hindering or enhancing growth. In our model the elasticity of the demand schedule faced by a typical firm depends on the aggregate savings rate. The latter...
Persistent link: https://www.econbiz.de/10005124443
There has been much debate recently about the nature of environmental policy that will be set by governments concerned about the competitive advantage their industries might obtain in a world of fierce trade competition. Some claim governments will set environmental policies that are too lax,...
Persistent link: https://www.econbiz.de/10005136590