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Rural Transformation, Inequality, and the Origins of Microfinance
Suesse, Marvin - 2019
credit cooperatives. Similarly, declining bank lending rates contribute to their rise. Low asset sizes and land inequality … factors shaping the market entry of rural microfinance institutions across time and space. We provide empirical evidence for … these determinants using the expansion of credit cooperatives in the 236 eastern counties of Prussia between 1852 and 1913 …
Persistent link: https://www.econbiz.de/10012857765
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Product quality, informality, and child labour
Fotoniata, Eugenia; Moutos, Thomas - 2011
This paper studies the interactions between the structure of product demand, relative wages, and the allocation of economic activity across two sectors. The agrarian sector produces a homogeneous good and consists of informal firms employing adults and children. The modern sector produces a...
Persistent link: https://www.econbiz.de/10010277363
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Flexible Microcredit : Effects on Loan Repayment and Social Pressure
Czura, Kristina - 2020
Flexible repayment schedules allow borrowers to invest in profitable yet risky projects, but practitioners fear they erode repayment morale. We study repayment choices in rigid and flexible loan contracts that allow discretion in repayment timing. To separate strategic repayment choices from...
Persistent link: https://www.econbiz.de/10012832188
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Landownership concentration and the expansion of education
Cinnirella, Francesco; Hornung, Erik - 2011
institutions. We find that landownership concentration, a proxy for the institution of serf labor, has a negative effect on …
Persistent link: https://www.econbiz.de/10010278836
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Spillover Effects of Institutions on Cooperative Behavior, Preferences, and Beliefs
Engl, Florian; Riedl, Arno; Weber, Roberto A. - 2017
Institutions are an important means for fostering prosocial behaviors, but in many contexts their scope is limited and … substantial amounting up to 30 to 40 percent of the direct effect of institutions. When the institution is determined endogenously … also find that institutions of either type enhance prosocial preferences and beliefs about others’ prosocial behavior, even …
Persistent link: https://www.econbiz.de/10011698671
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Institutions, Financial Development, and Small Business Survival: Evidence from European Emerging Markets
Iwasaki, Ichiro; Kocenda, Evžen; Shida, Yoshisada - 2020
In this paper, we traced the survival status of 94,401 small businesses in 17 European emerging markets from 2007–2017 and empirically examined the determinants of their survival, focusing on institutional quality and financial development. We found that institutional quality and the level of...
Persistent link: https://www.econbiz.de/10012425547
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The Complementary Nature of Trust and Contract Enforcement
Bartling, Björn; Fehr, Ernst; Huffmann, David B.; … - 2021
Under weak contract enforcement the trading parties’ trust, defined as their belief in other’s trustworthiness, appears important for realizing gains from trade. In contrast, under strong contract enforcement beliefs about other’s trustworthiness appear less important, suggesting that...
Persistent link: https://www.econbiz.de/10012492972
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Women Leaving the Playpen: The Emancipating Role of Female Suffrage
Slotwinski, Michaela; Stutzer, Alois - 2018
The role of women in Western societies changed dramatically in the 20th century. We study how political empowerment … affected women’s emancipation as reflected in their life choices like marital decisions and labor market participation. The … staggered introduction of female suffrage in Swiss states allows us to exploit the variation in the age women experienced …
Persistent link: https://www.econbiz.de/10011872059
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The Causal Effect of Trust
Bartling, Björn; Fehr, Ernst; Huffman, David B.; … - 2018
Trust affects almost all human relationships – in families, organizations, markets and politics. However, identifying the conditions under which trust, defined as people’s beliefs in the trustworthiness of others, has a causal effect on the efficiency of human interactions has proven to be...
Persistent link: https://www.econbiz.de/10011932074
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Estimating the Local Effectiveness of Institutions: A Latent-Variable Approach
Reinecke, Antonia; Schmerer, Hans-Jörg - 2019
-aggregated level. Our idea builds on the well documented interdependence between institutions and exports, which allows estimating the … that neglect regional differences in the effectiveness of institutions. …
Persistent link: https://www.econbiz.de/10012179778