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Thailand between 1986-1996. The model quantifies the sources of growth and inequality over time and across space and the …
Persistent link: https://www.econbiz.de/10012496136
We show that increased uncertainty about the size of an emerging market's external debt has a nonlinear and potentially large adverse effect on the supply of international credit offered to them. We also show that if international creditors are first- order risk averse, attaching greater weight...
Persistent link: https://www.econbiz.de/10012471396
factors to the role of capital flows in the currency crises in different countries, especially Thailand, Indonesia, and Korea …
Persistent link: https://www.econbiz.de/10012471660
Africa, and Thailand, examining the components of government expenses and tax revenues, and reporting four stylized patterns …
Persistent link: https://www.econbiz.de/10012510619
In village economies, insurance networks are key to smoothing shocks, while production networks can propagate them. The interplay of these networks is crucial. We show that a significant health expenditure shock to one household propagates to other linked households via supply-chain and labor...
Persistent link: https://www.econbiz.de/10012482308
We measure heterogeneity in risk aversion among households in Thai villages using a full risk-sharing model and complement the results with a measure based on optimal portfolio choice. Among households with relatives living in the same village, full insurance cannot be rejected, suggesting that...
Persistent link: https://www.econbiz.de/10012461961
families behind these business groups affects the groups' organization, governance and performance. To address this question … Thailand. We find a strong positive association between family size and family involvement in the ownership and control of the … founder of the group is gone. The availability of more sons is also associated with lower firm-level performance, especially …
Persistent link: https://www.econbiz.de/10012464909
We use a new firm-level dataset to examine the efficiency of investment in emerging economies. In the three-year period following stock market liberalizations, the growth rate of the typical firm's capital stock exceeds its pre-liberalization mean by an average of 5.4 percentage points....
Persistent link: https://www.econbiz.de/10012466482
Increasingly, a small number of low-wage countries such as China and India are involved in innovation -- not `big ideas' innovation, but the constant incremental innovations needed to stay ahead in business. We provide some evidence of this new phenomenon and develop a model in which there is a...
Persistent link: https://www.econbiz.de/10012467107
In this paper, we document the fact that countries that have experienced occasional financial crises have, on average, grown faster than countries with stable financial conditions. We measure the incidence of crisis with the skewness of credit growth, and find that it has a robust negative...
Persistent link: https://www.econbiz.de/10012467611