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Gift-giving, quasi-credit and reciprocity
Thomas, Jonathan P.; Worrall, Timothy - 2002
The fluctuations in incomes inherent in rural communities can be attenuated by reciprocal insurance. We develop a model of such insurance based on self-interested behaviour and voluntary participation. One individual assists another only if the costs of so doing are outweighed by the benefits...
Persistent link: https://www.econbiz.de/10011409391
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On the main determinants of start-up investment in developing countries
Comincioli, Nicola; Panteghini, Paolo; Vergalli, Sergio - 2024
-up investment decisions. We find that, although tax rates are usually higher than the developed countries’ ones, taxation has an …
Persistent link: https://www.econbiz.de/10014502465
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Climate change mitigation strategies in fast-growing countries : the benefits of early action
Bosetti, Valentina; Carraro, Carlo; Tavoni, Massimo - 2009
investment behaviour is to anticipate the implementation of a climate policy by roughly 10 years. Investing in innovation ahead …
Persistent link: https://www.econbiz.de/10003872313
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International capital allocations and the Lucas Paradox redux
Chirinko, Robert S.; Mallick, Debdulal - 2019
This paper studies the marginal product of private capital (MPK) with new data and a new framework to obtain a better understanding of international capital allocations and the Lucas Paradox (LP). Our point of departure is three influential studies of MPK's and, based on the most recently...
Persistent link: https://www.econbiz.de/10012057304
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The quantification of structural reforms : extending the framework to emerging market economies
Égert, Balázs - 2018
outcomes. Lower barriers to foreign trade and investment help MFP. Lower barriers to entry and less pervasive state control of …
Persistent link: https://www.econbiz.de/10011800715
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Loan regulation and child labor in rural India
Dāśagupta, Bāsaba; Zimmermann, Christian - 2012
We study the impact of loan regulation in rural India on child labor with an overlapping-generations model of formal and informal lending, human capital accumulation, adverse selection, and differentiated risk types. Specifically, we build a model economy that replicates the current outcome with...
Persistent link: https://www.econbiz.de/10009682437
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Rural transformation, inequality, and the origins of microfinance
Süße, Marvin; Wolf, Nikolaus - 2019
What determines the development of rural financial markets? Starting from a simple theoretical framework, we derive the 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...
Persistent link: https://www.econbiz.de/10012138789
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Does the nominal exchange rate regime matter for investment?
Böhm, Hjalmar; Funke, Michael - 2001
This paper analyses the impact of exchange rate uncertainty upon the pattern of investment in different exchange rate … exchange rate regimes indicates that currency volatility exerts only a small influence upon the level of investment spending …
Persistent link: https://www.econbiz.de/10011400788
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Investment uncertainty, and production games
Flåm, Sjur D.; Ermolʹev, Jurij M. - 2004
This paper explores some cooperative aspects of investments in uncertain, real options. Key production factors are assumed transferable. They may reflect property or user rights. Emission of pollutants and harvest of renewable resources are cases in point. Of particular interest are alternative...
Persistent link: https://www.econbiz.de/10011401340
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Tax incentives and business investment : evidence from German bonus depreciation
Eichfelder, Sebastian; Schneider, Kerstin - 2014
business investment. To promote economic convergence of Eastern and Western Germany after reunification, bonus depreciation tax … control group, we address the question if and to what extent these investment tax incentives boosted investment. In line with … were cut back in 1997. Moreover, there was a significant reduction in building investment in the year after the expiration …
Persistent link: https://www.econbiz.de/10010354738