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Kibritcioglu, Aykut - EconWPA - 2002

In the financial crisis literature, it is usually argued that, contrary to the case of currency crises, building a time series index to identify banking crisis episodes is highly difficult, particularly because of the lack of reliable data on banking sector variables (non-performing loans,...

Persistent link: https://www.econbiz.de/10005126447

Working-age Adult Mortality and Primary Sschool Attendance in Rural Kenya

Yamano, Takashi; Jayne, Thomas S. - EconWPA - 2005

rural Kenya using a panel of 1,266 households surveyed in 1997, 2000, and 2002. We find a strong correlation between working … adult death. The evidence indicates that rising adult mortality in rural Kenya is adversely affecting primary school …

Persistent link: https://www.econbiz.de/10005062404

The Dynamics of Returns to Education in Kenyan and Tanzanian Manufacturing

Söderbom, Måns; Teal, Francis; Wambugu, Anthony; … - EconWPA - 2004

this paper we use data from Kenya and Tanzania to estimate returns to education for manufacturing workers and examine how … in Kenya.We test for the importance of ability bias and find convexity robust to endogeneity. Treating education as an …

Persistent link: https://www.econbiz.de/10005118714

Recognizing Investment Opportunities at the Onset of Recoveries

Fioretti, Guido - EconWPA - 2002

Investment decision-making is modeled by means of a Kohonen neural net, where neurons represent firms. This is done in …

Persistent link: https://www.econbiz.de/10005076670

Aggregate investment dynamics when firms face fixed investment cost and capital market imperfections

Bayer, Christian - EconWPA - 2004

This paper analyzes a model of investment with fixed investment costs and capital market imperfections. In this model … finance influences the level of capital firms hold, as well as the frequency at which they invest. In consequence investment …, when the short-run investment function is estimated, liquidity has a significant impact, which is also strongest for strong …

Persistent link: https://www.econbiz.de/10005076705

The Non-Neutrality of Debt in Investment Timing: A New NPV Rule

Sabarwal, Tarun - EconWPA - 2004

Limited liability debt financing of irreversible investments can affect investment timing through an entrepreneur … entrepreneur's unique investment opportunity, and it is shown in a standard model of irreversible investment that includes the … risks, and lowers the investment threshold. Compensating the lender for expected default losses reduces project …

Persistent link: https://www.econbiz.de/10005076954

Gains and losses: the same or different choices? A “non-ideal” economics approach.

Harin, Alexander - EconWPA - 2005

Ideal economics? A “non-ideal” economics approach has been proposed, which considers the possibility of arrangement infringements. It gives promises for both solving fundamental problems of economic theory and creation of new directions and fields of research. The approach application in...

Persistent link: https://www.econbiz.de/10005124942

Arrangement Infringement Possibility Approach: Some Economic Features of Large-Scale Events

Harin, Alexander - EconWPA - 2004

investment problems have been formulated. …

Persistent link: https://www.econbiz.de/10005124993

How Do Economic Freedom and Investment Affect Economic Growth?

CHHENG, KIMLONG - EconWPA - 2005

This paper studies whether and how capital investment and economic freedom jointly endogenize economic growth. The … the crucial role of both domestic and foreign capital investment and economic freedom for rapid growth. Countries that … improve economic freedom and that bolster capital investment tend to experience faster growth. The domestic investment rate …

Persistent link: https://www.econbiz.de/10005125031

Infrastructure and Growth in South Africa: Benchmarking, Productivity and Investment Needs, paper presented at Economic Society of South Africa (ESSA) Conference, Durban, 9/7-9/200...

Bogetic, Zeljko; Fedderke, Johannes - EconWPA - 2005

- income countries for the period 1980-2002 and then project investment needs in these sectors until 2010. Our projections …

Persistent link: https://www.econbiz.de/10005125863