generate the main patterns observed in the sample during and following the Asian crisis, including the ensuing credit …

the competition among entrepreneurs (“intensive growth”). As a result, the growth rate could be increasing in the middle …

entrepreneurs innovate—in the Schumpeterian sense—in order to bring about structural changes in the economy. The conclusion …

This paper shows that the behavior of entrepreneurs facing incomplete financial markets and risky investment can … uninsurable risk of losing invested capital forces entrepreneurs to rely on self-financing, so that when business opportunities … open up entrepreneurs increase saving to finance the investment that produces growth. The key insight is that saving has to …

This paper is an analysis of Japan’s credit channel. The economic condition has no hindrance, but credit demand … aspects act as an impediment to credit control. The Executive Board expects restructuring of financial policies in government … this paper as a study of Japan’s thoughts in an efficient route to credit boom. …

How does access to credit impact consumption volatility? Theory and evidence from advanced economies suggests that … fraction of them are credit constrained. Unconstrained households can respond to shocks to trend growth by raising current … consumption volatility. Calibration of the model for pre and post financial reform in India provides support for the model's key …

economies (EMs) including India. The results suggest that a surge in global financial market volatility is transmitted very …

This paper examines the determinants of female labor force participation in India, against the backdrop of India having … one of the lowest participation rates for women among peer countries. Using extensive Indian household survey data, we … model the labor force participation choices of women, conditional on demographic characteristics and education, as well as …