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Investing with the Government : A Field Experiment in China
Colonnelli, Emanuele; Li, Bo; Liu, Ernest - National Bureau of Economic Research - 2022
We study the demand for government participation in China's venture capital and private equity market. We conduct a large-scale, non-deceptive field experiment in collaboration with the leading industry service provider, through which we survey both sides of the market: the capital investors and...
Persistent link: https://www.econbiz.de/10013334380
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What Predicts the Growth of Small Firms?$bEvidence from Tanzanian Commercial Loan Data
Ellis, Mia; Kinnan, Cynthia; McMillan, Margaret Stokes; … - National Bureau of Economic Research - 2023
Not all firms have equal capacity to absorb productive credit. Identifying those with higher potential may have large …
Persistent link: https://www.econbiz.de/10014337852
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The Endowment Effect and Collateralized Loans
Carney, Kevin; Kremer, Michael; Lin, Xinyue; Rao, Gautam - National Bureau of Economic Research - 2022
Collateral requirements play an important role in credit markets. This paper shows that the endowment effect …
Persistent link: https://www.econbiz.de/10013210101
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Using Lotteries to Attract Deposits
Gertler, Paul J.; Higgins, Sean; Scott, Aisling; Seira, … - National Bureau of Economic Research - 2023
Despite the importance of deposit financing for lending, banks in developing countries struggle to attract deposits. In a randomized experiment across 110 bank branches throughout Mexico, a lottery incentive based on net monthly deposits caused a 40% increase in the number of accounts opened and...
Persistent link: https://www.econbiz.de/10014337763
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Risk Sharing, Commitment Constraints and Self Help Groups
Attanasio, Orazio P.; Kochar, Anjini; Mahajan, Aprajit; … - National Bureau of Economic Research - 2023
Evaluations of group savings and lending programs have largely focused on average impacts, rather than distributional impacts -- finding modest effects on long-term economic well-being. In this paper, we exploit the randomized roll-out of a self-help group lending program in rural Bihar, India...
Persistent link: https://www.econbiz.de/10014287346
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One Size Doesn't Fit All : Heterogeneous Depositor Compensation During Periods of Uncertainty
Artavanis, Nikolaos; Paravisini, Daniel; Robles-Garcia, … - National Bureau of Economic Research - 2022
withdrawals quadrupled in response to a policy uncertainty shock that doubled the short-run credit default swap (CDS) price of …
Persistent link: https://www.econbiz.de/10013362023
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The Marginal Propensity to Consume in Heterogeneous Agent Models
Kaplan, Greg; Violante, Giovanni L. - National Bureau of Economic Research - 2022
What model features and calibration strategies yield a large average marginal propensity to consume (MPC) in heterogeneous agent models? Through a systematic investigation of models with different preferences, dimensions of ex-ante heterogeneity, income processes and asset structure, we show...
Persistent link: https://www.econbiz.de/10013210041
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Saving Puzzles and Saving Policies in the United States
Lusardi, Annamaria - 2001
In the past two decades the widely reported personal saving rate in the United States has dropped from double digits to … below zero. First, we attempt to account for the decline in the National Income and Product Accounts (NIPA) saving rate. The … capital gains. Another thirty percent is accounting transfers from personal saving into government and corporate saving …
Persistent link: https://www.econbiz.de/10012470487
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On the Japanese Economy and Japanese National Accounts
Ando, Albert - 2000
A review of the Japanese National Accounts reveals that the Japanese household sector has apparently suffered a capital loss of some 400 trillion-yen in 1990 consumption prices since 1970. This loss is large enough to explain most of the Japanese recession of the 1990's. We can trace some...
Persistent link: https://www.econbiz.de/10012470697
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Measuring Depreciation For Japan : Rejoinder to Dekle and Summers
Hayashi, Fumio - 1991
Recently, my claim that depreciation reported in the Japanese national accounts is underestimated by a substantial margin has been challenged by Dekle and Summers (NBER Working Paper No. 3690), on the ground that the implied depreciation rate (ratio of depreciation to the capital stock) is...
Persistent link: https://www.econbiz.de/10012475157