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One suggested hypothesis for the dramatic rise in household borrowing that preceded the financial crisis is that low-income households increased their demand for credit to finance higher consumption expenditures in order to "keep up" with higherincome households. Using household level data on...
Persistent link: https://www.econbiz.de/10010238213
Many emerging markets have undertaken significant financial sector reforms especially in their banking sectors that have been quite critical for both financial development and real economic activity. In this paper, we investigate the success of banking reforms in India where significant banking...
Persistent link: https://www.econbiz.de/10011493763
Decoupling economic growth from environmental degradation and climate change, increasing resource efficiency, and promoting both sustainable production and sustainable lifestyles is a challenge in North Africa, a region where even a relative decoupling of income growth and carbon (CO2) emissions...
Persistent link: https://www.econbiz.de/10014495764
sources of finance. The scale of restructuring and innovation activity is as high or higher in transition economies as in …
Persistent link: https://www.econbiz.de/10003782478
This paper contrasts the determinants of entrepreneurial entry and high-growth aspiration entrepreneurship. Using the Global Entrepreneurship Monitor (GEM) surveys for 42 countries over the period 1998-2005, we analyse how institutional environment and entrepreneurial characteristics affect...
Persistent link: https://www.econbiz.de/10003896204
set on innovation for a large number of Italian firms over the 1990's. There is evidence that banking development affects … the probability of process innovation, particularly for small firms and for firms in high(er) tech sectors and in sectors … more dependent upon external finance. The evidence for product innovation is weaker. There is also some evidence that …
Persistent link: https://www.econbiz.de/10003297705
innovation where access to short term loans for working capital seems to be key. …
Persistent link: https://www.econbiz.de/10012162904
Spillovers of prosocial motivation are crucial for the formation of social capital. They facilitate interactions among individuals and create social multipliers that amplify the effects of policy interventions. We conducted a large-scale intervention study among dyads of blood donors to...
Persistent link: https://www.econbiz.de/10010462695
and the decision functions, for each level of education, is allowed and we correct for the potential selectivity bias. We … find empirical support for the existence of selectivity bias as the errors of the earnings functions are correlated with … of selectivity mechanisms that renders the decisions actually taken by individuals optimal in terms of comparative …
Persistent link: https://www.econbiz.de/10011339687
This paper explores the theoretical issues and the empirical literature regarding the selectivity of migrants. Although … favorable selectivity is more intense the greater the out-of-pocket (direct) costs of migration and return migration, the … differentials in the lower-wage origin relative to the higher-wage destination. Favorable selectivity for labor market success can …
Persistent link: https://www.econbiz.de/10011325988