that can be used as collateral. This paper presents a model where firm creation and growth hinge on matching potential … entrepreneurs with productive technologies, while firm growth depends on acquired capital. The shortage of collateral creates a ….g., the depth of credit information and the strength of legal rights pertaining to collateral and bankruptcy) would stimulate …

the U.S. We then establish the quantitative result that home equity does not serve as informal collateral for unsecured … and price of unsecured debt. -- household debt portfolios ; housing ; collateral ; bankruptcy ; commitment ; income risk …

a collateral constraint. Over a specific range of debt levels this liquidity feedback effect is strong enough to give …

tend not to face higher interest rates because they provide collateral. This paper illustrates these effects in a model and …

This paper studies the effects of private real estate collateral on entrepreneurial lending and entrepreneurial … activity in the Netherlands. The residential collateral channel is especially relevant for sole-proprietors who own a business …

framework of firms' investment with credit rationing and real estate collateral. We show that real estate prices affect firms …

This research explores the long-run effect of industrialization on the process of development. In contrast to … the French industrial revolution, the research establishes that regions in which industrialization was more intensive …. Nevertheless, intensive industrialization has had an adverse effect on income per capita, employment and equality by the turn of …

and landowners). Industrialization requires the elites to finance schools and the masses to attend them. Schooling raises … dominant elite at the regional and country level is the same and/or the industrialization shock is sufficiently high. If …

The research explores the effect of industrialization on human capital formation. Exploiting exogenous regional … views early industrialization as a predominantly deskilling process, the industrial revolution was conducive for human …