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open up their immigration policies so as to enable migrants' remittances to substitute for foreign aid as a growth … transnational migration and remittances are entirely mediated by the human capital profile of emigrants, as determined by … provokes a "brain drain", growth is negatively impacted in the sending country despite remittances. The reverse is true when …
Persistent link: https://www.econbiz.de/10005015307
, based upon a general equilibrium model of migrant remittances, parental investment in child schooling, and intersectoral …
Persistent link: https://www.econbiz.de/10008646237
We study the issue of integrating real and financial decisions in a monopoly firm with risk-averse decision-makers. To that end, we combine the decisions of the firm and of the shareholders in a very simple but robust model, with uncertainty in the real market and CARA preferences. We show the...
Persistent link: https://www.econbiz.de/10011263110
Persistent link: https://www.econbiz.de/10005353080
We study the influence of the financial market on the decisions of firms in the real market. To that end, we present a model in which the shareholders portfolio selection of assets and the decisions of the publicly-traded firms are integrated through the market process. Financial access alters...
Persistent link: https://www.econbiz.de/10009283400
Persistent link: https://www.econbiz.de/10005729921
We propose a measure of the extent to which a financial sector is connected to the real economy. The Measure of Connectedness is a mesure of composition of the assets, namely the share of the credit to the non-financial sectors over the total credit market instruments. The aggregate U.S. Measure...
Persistent link: https://www.econbiz.de/10010698099
We study the influence of the financial market on the decisions of firms in the real market. To that end, we present a model in which the shareholders’ portfolio selection of assets and the decisions of the publicly-traded firms are integrated through the market process. Financial access...
Persistent link: https://www.econbiz.de/10005489838
This paper explores the link between poverty and inequality through an analysis of the poverty impact of changes in … empirical linkages between poverty, growth and inequality. It might also help design policies to improve both equity and welfare … as the choice of inequality and poverty aversion parameters, and that of the poverty line). The elasticities are also …
Persistent link: https://www.econbiz.de/10005015245
The social performance of fiscal redistributive mechanisms in Canada continues to receive a growing interest from politicians and research scientists. The aim of this paper is to assess the evolution of social classes in Canada and to check whether the market and governmental redistribution...
Persistent link: https://www.econbiz.de/10005015263