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The purpose of this research study has been to expand our understanding of the finance-growth "nexus" to finance-growth-inequality "nexus" in the presence of both the formal and the informal sources of borrowing. Using empirical evidence of IHDS Survey data for two rounds the study attempts to...
Persistent link: https://www.econbiz.de/10011952114
Evidence suggests that participants in direct student-proposing deferred-acceptance mechanisms (DA) play dominated strategies. To explain the data, we introduce expectation-based loss aversion into a school-choice setting and characterize choice-acclimating personal equilibria in DA. We find...
Persistent link: https://www.econbiz.de/10012698801
Exploiting the randomized expansion of preferential college admissions in Chile, we show they increased admission and enrollment of disadvantaged students by 32%. But the intended beneficiaries were nearly three times as many, and of higher average ability, than those induced to be admitted. The...
Persistent link: https://www.econbiz.de/10013417638
probit. Four main findings emerge. First, similar to results for non-financial firms, a productivity pecking order drives …
Persistent link: https://www.econbiz.de/10003923511
-Saharan Africa from 1977 through 2007. We apply a Bayesian SAR probit regression, extended to a pooled model. We find a robust and …
Persistent link: https://www.econbiz.de/10010354777
This paper proposes a Bayesian estimation framework for panel-data sets with binary dependent variables where a large … micro-, meso-, and macroeconomic levels. The paper outlines the estimation approach, illustrates its suitability by …
Persistent link: https://www.econbiz.de/10012817934
The main aim of this paper is to assess whether there is a statistically significant environmental impact of cities within European countries. Second, starting from the estimated environmental impact of cities within European countries, the paper investigates whether cross-country variation can...
Persistent link: https://www.econbiz.de/10011781394
. These findings are established through the estimation of a spatial bivariate probit model. …
Persistent link: https://www.econbiz.de/10011822884
. Using data from the German Socio-Economic Panel, we apply dynamic multinomial logit estimators and find that state …
Persistent link: https://www.econbiz.de/10010211461
In this paper we examine the role of mortgage equity withdrawal in explaining the decline of the US saving rate, since … when house prices rise and mortgage rates are low, homeowners have an incentive to withdraw housing equity and this may … withdrawal and interest rates and find that indeed mortgage equity withdrawal is a key determinant of the observed saving pattern …
Persistent link: https://www.econbiz.de/10009571747