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Equity market liberalization, credit constraints and income inequality

Sun, Puyang; Sen, Somnath; Jin, Shujing - Institut für Weltwirtschaft (IfW) - 2012

This paper provides compelling evidence that equity market liberalization, the most efficient way to smooth financial market frictions such as credit constraints, can alleviate persistent cross-dynastic income inequality through increasing the accumulation of human capital. We examine the impact...

Persistent link: https://www.econbiz.de/10010956105

The finance-growth nexus revisited: From origins to a modern theoretical landscape

Stolbov, Mikhail - Institut für Weltwirtschaft (IfW) - 2012

The paper is a survey of theoretical and empirical approaches applied to analyze the impact of financial system on economic growth. The key issues of the modern theories of the finance-growth nexus are discussed and the theories are classified on the basis of the methodology they rely on. The...

Persistent link: https://www.econbiz.de/10010956028

Exchange Rate Policy in a Dollarized Economy: A CGE Analysis for Bolivia

Schweickert, Rainer; Thiele, Rainer; Wiebelt, Manfred - Institut für Weltwirtschaft (IfW) - 2005

reduces the poverty effect of the external shock. Even the significant short-run macroeconomic expansion that occurs without … wage indexation does not translate into significant poverty alleviation, which is due to the fact that the real value of …

Persistent link: https://www.econbiz.de/10010886975

Whole-household Migration, Inequality and Poverty in Rural Mexiko

Arslan, Aslihan; Taylor, J. Edward - Institut für Weltwirtschaft (IfW) - 2011

selects on household income. We model whole-household migration and its impacts on income inequality and poverty using a … poverty based on the remaining sample are not necessarily biased. This finding is similar to those in previous research on the … effects of attrition on panel data studies. We also analyze the changes in inequality and poverty due to whole …

Persistent link: https://www.econbiz.de/10009365866

The Use of Collateral in Formal and Informal Lending

Kislat, Carmen; Menkhoff, Lukas; Neuberger, Doris - Institut für Weltwirtschaft (IfW) - 2013

Apart from altruistic reasons, NGOs may engage in developing countries under conditions of conflict and war in order to secure funding and survive in the ‘market’ of humanitarian relief and development assistance. Applying a difference-in-difference-in-differences approach, we analyze...

Persistent link: https://www.econbiz.de/10010886852

Through which channels can remittances spur economic growth in MENA countries?

Mim, Sami Ben; Ali, Mohamed Sami Ben - Institut für Weltwirtschaft (IfW) - 2012

This paper studies the remittances' effect on economic growth. Using panel data techniques, the authors estimate several specifications to provide support of such relationship for MENA countries over the period 1980-2009. The findings provide new robust evidence on how remittances are used in...

Persistent link: https://www.econbiz.de/10009646511

Climate Policy, Technology Choice, and Multiple Equilibria in A Developing Economy

Narita, Daiju - Institut für Weltwirtschaft (IfW) - 2010

technologies. Drawing on the framework of poverty-trap models in development economics, we discuss how climate policy affects the …

Persistent link: https://www.econbiz.de/10008543247

The Matching Approach on Expenditure Patterns of Migrant Households: Evidence from Moldova

Poppe, Robert - Institut für Weltwirtschaft (IfW) - 2007

This paper examines the effect of temporary and permanent migration on household expenditures and on asset/durables ownership. Using household survey data from Moldova, this paper relies on the matching approach for identification. It is shown that temporary migrant households have additional...

Persistent link: https://www.econbiz.de/10005700492

Finance for Growth: Does a Balanced Financial Structure Matter?

Cuadro-Sáez, Lucía; García-Herrero, Alicia - Institut für Weltwirtschaft (IfW) - 2007

In this paper we explore empirically a long-standing question in the literature on finance for growth. namely whether the financial structure -in terms of the size of the banking system relative to the capital markets- matters for economic growth. We build upon the existing literature by...

Persistent link: https://www.econbiz.de/10005700493

Path Dependencies in Venture Capital Markets

Schertler, Andrea - Institut für Weltwirtschaft (IfW) - 2002

This paper examines the impact of venture capitalistsÂ’ reputation building and experience accumulation on the genesis of venture capital markets. Venture capitalists must accumulate experience to successfully support high-technology enterprises. They must build reputation, i.e., a track...

Persistent link: https://www.econbiz.de/10005755187