Showing 1 - 10 of 340
We review both the theoretical and empirical literature on entrepreneurship and financial frictions, with an emphasis on the heterogeneous and dynamic micro-level implications of financial frictions for macro development.
Persistent link: https://www.econbiz.de/10011262921
We randomly assigned male migrant workers in Qatar invitations to a motivational workshop aimed at improving financial habits and encouraging joint decision-making with spouses back home in India. 13-17 months later, we surveyed migrants and wives to estimate intent-to-treat impacts in their...
Persistent link: https://www.econbiz.de/10010821760
We study the impacts on remittances of offering migrants temporary discounts on remittance transaction fees. We … weeks after expiration of the discount. We find no evidence that the discounts cause migrants to shift remittances from … other remittance channels, or to send remittances on behalf of other migrants. These findings are consistent with naïveté on …
Persistent link: https://www.econbiz.de/10010969356
We implement a randomized experiment offering Salvadoran migrants matching funds for educational remittances, which are … remittances. …
Persistent link: https://www.econbiz.de/10011252329
This paper tests how migrants’ willingness to remit changes when given the ability to direct remittances to educational … commitment of simply labeling remittances as being for education, to the hard commitment of having funds directly paid to a … raises remittances by more than 15 percent. Adding the ability to directly send this funding to the school adds only a …
Persistent link: https://www.econbiz.de/10011252330
Using new data matching remittances and monthly payroll disbursals, we demonstrate how fluctuations in migrants …' earnings in the United Arab Emirates affect their remittances. We consider three types of income fluctuations that are … observable by families at home: seasonalities, weather shocks and a labor reform. Remittances move with all of these income …
Persistent link: https://www.econbiz.de/10011189112
China's investment rate is one of the highest in the world, which naturally leads one to suspect that the return to capital in China must be quite low. Using the data from China's national accounts, we estimate the rate of return to capital in China. We find that the aggregate rate of return to...
Persistent link: https://www.econbiz.de/10005084802
Among the developing countries of the world, those emerging markets that have sought some degree of integration into world finance are characterized by higher per capita incomes, higher long-run growth rates, and lower output and consumption volatility. These characteristics are more likely to...
Persistent link: https://www.econbiz.de/10005084970
We propose a theory linking imperfect information to resource misallocation and hence to aggregate productivity and output. In our setup, firms look to a variety of noisy information sources when making input decisions. We devise a novel empirical strategy that uses a combination of firm-level...
Persistent link: https://www.econbiz.de/10010812154
How important is financial development for economic development? A costly state verification model of financial intermediation is presented to address this question. The model is calibrated to match facts about the U.S. economy, such as intermediation spreads and the firm-size distribution for...
Persistent link: https://www.econbiz.de/10008631095