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Does the Quality of Electricity Matter? Evidence from Rural India

Chakravorty, Ujjayant; Pelli, Martino; Marchand, Beyza Ural - CESifo - 2013

This paper estimates the returns to household income due to improved access to electricity in rural India. We examine the effect of connecting a household to the grid and of the quality of electricity, defined as hours of daily supply. The analysis is based on two rounds of a representative...

Persistent link: https://www.econbiz.de/10010877886

Poverty and Welfare Measurement on the Basis of Prospect Theory

Jäntti, Markus; Kanbur, Ravi; Nyyssölä, Milla; … - CESifo - 2013

This paper examines the measurement of social welfare, poverty and inequality taking into account reference-dependence, loss aversion and diminishing sensitivity—aspects emphasized in Prospect Theory—to social welfare measurement. We suggest a new notion of equivalent income, the income...

Persistent link: https://www.econbiz.de/10010607471

Social Unrest in the Wake of IMF Structural Adjustment Programs

Stroup, Caleb; Zissimos, Benjamin - CESifo - 2013

This paper proposes an answer to the question of why social unrest sometimes occurs in the wake of an IMF Structural Adjustment Program (SAP). Under certain circumstances, partly determined by a country’s comparative advantage, a nation’s elite may have an incentive to make transfers to the...

Persistent link: https://www.econbiz.de/10010641420

The Historical Roots of Corruption and Economic Development in Italy

Petrarca, Ilaria; Ricciuti, Roberto - CESifo - 2013

IV model. We use three sets of historical instruments for corruption: 1) foreign dominations in 16th-17th century, 2 …

Persistent link: https://www.econbiz.de/10010641421

Drivers and Obstacles to Banking SMEs: The Role of Competition and the Institutional Framework

Torre, Augusto de la; Pería, María Soledad Martínez; … - CESifo - 2009

Small and medium enterprises (SMEs) are important for employment and economic activity; however, they are perceived to lack adequate financing, which hampers their growth. As a consequence, governments have implemented a number of programs to foster SME lending and attention has focused on...

Persistent link: https://www.econbiz.de/10004979421

Information, Coordination, and the Industrialization of Countries

Englmaier, Florian; Reisinger, Markus - CESifo - 2006

appropriate information provision enhances efficiency. We discuss extensions of the model and argue that subsidies may be a …

Persistent link: https://www.econbiz.de/10005094193

Geography vs. Institutions at the Village Level

Grimm, Michael; Klasen, Stephan - CESifo - 2008

There is a well-known debate about the roles of geography versus institutions in explaining the long-term development of countries. These debates have usually been based on cross-country regressions where questions about parameter heterogeneity, unobserved heterogeneity, and endogeneity cannot...

Persistent link: https://www.econbiz.de/10005094269

Formal and Informal Risk Sharing in LDCs: Theory and Empirical Evidence

Dubois, Pierre; Jullien, Bruno; Magnac, Thierry - CESifo - 2008

We develop and estimate a model of dynamic interactions in which commitment is limited and contracts are incomplete to …. We derive a system of non-linear equations for income and consumption growth. A key prediction of our model is that both …. In a semi-parametric setting, we prove identification, derive testable restrictions and estimate the model with the use …

Persistent link: https://www.econbiz.de/10005405774

Testing the Pareto Efficiency of Household Resource Allocations

Apps, Patricia; Rees, Ray - CESifo - 2008

that the estimated parameters of the model lie in a region of the parameter space for which the second best optimality of …

Persistent link: https://www.econbiz.de/10005406400

When Arm's Length Is Too Far. Relationship Banking over the Business Cycle

Beck, Thorsten; Degryse, Hans; Haas, Ralph de; Horen, … - CESifo - 2014

Using a novel way to identify relationship and transaction banks, we study how banks’ lending techniques affect funding to SMEs over the business cycle. For 21 countries we link the lending techniques that banks use in the direct vicinity of firms to these firms’ credit constraints at two...

Persistent link: https://www.econbiz.de/10010795340