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The value of clean water : evidence from an environmental disaster
Gonzalez, Rodrigo Barbone; Ornelas, José Renato Haas; … - 2023
-to-firm electronic payments and individual-level consumer credit usage. We find that agricultural producers in affected municipalities … municipalities, individuals also faced an 8% fall in their credit card and consumer finance expenditures. This result is stronger for …
Persistent link: https://www.econbiz.de/10014540608
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Financing ventures
Greenwood, Jeremy; Han, Pengfei; Sanchez, Juan M. - 2017
The relationship between venture capital and growth is examined using an endogenous growth model incorporating dynamic contracts between entrepreneurs and venture capitalists. At each stage of financing, venture capitalists evaluate the viability of startups. If viable, venture capitalists...
Persistent link: https://www.econbiz.de/10011782639
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Credit and saving constraints in general equilibrium : evidence from survey data
Granda Carvajal, Catalina; Hamann S., Franz A.; Tamayo, … - 2017
with credit constraints. Saving constraints in the form of fixed costs to use the financial system lead households to seek … informal saving instruments (cash) and result in lower aggregate saving. Credit constraints induce misallocation of capital … model using survey data from a developing country where informal saving and credit constraints are pervasive. Our …
Persistent link: https://www.econbiz.de/10011656466
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The impact of a financial inclusion program on household's payment choice, savings, and credit
Gandelman, Néstor; Lluberas, Rodrigo; Misail, Daniel - 2023
fail to find effects on either access to short-term credit or expenditure or savings. …
Persistent link: https://www.econbiz.de/10014461503
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Learning about unprecedented events: agent-based modelling and the stock market impact of COVID-19
Bazzana, Davide; Colturato, Michele; Savona, Roberto - 2021
We model the learning process of market traders during the unprecedented COVID-19 event. We introduce a behavioral heterogeneous agents' model with bounded rationality by including a correction mechanism through representativeness (Gennaioli et al., 2015). To inspect the market crash induced by...
Persistent link: https://www.econbiz.de/10012654147
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Charging the macroeconomy with an energy sector : an agent-based model
Ciola, Emanuele; Turco, Enrico; Gurgone, Andrea; … - 2022
The global energy crisis that began in fall 2021 and the following spike in energy price constitute a major challenge for the world economy which risks undermining the post-COVID-19 recovery. In this paper, we develop and validate a new macroeconomic agent-based model with an endogenous energy...
Persistent link: https://www.econbiz.de/10012990154
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AI-enabled automation, trade, and the future of engineering services
Klügl, Franziska; Nordås, Hildegunn Kyvik - 2021
This paper studies the role of trade for the joint uptake of AI-enabled automation in manufacturing and engineering. It develops an agent-based model (ABM) where the agents are heterogeneous manufacturers and engineering firms. The model features two technology-related business models:...
Persistent link: https://www.econbiz.de/10012799528
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Impact of climate smart agriculture on food security: an agent-based analysis
Bazzana, Davide; Foltz, Jeremy D.; Zhang, Ying - 2021
The study proposes an agent-based model to investigate how adoption of climate smart agriculture (CSA) affects food security. The analysis investigates the role of social and ecological pressures (i.e. community network, climate change and environmental externalities) on the adoption of physical...
Persistent link: https://www.econbiz.de/10012519988
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Computational methods and classical-Marxian economics
Cogliano, Jonathan; Veneziani, Roberto; Yoshihara, Naoki - 2020
This article surveys computational approaches to classical-Marxian economics. These approaches include a range of techniques - such as numerical simulations, agent-based models, and Monte Carlo methods - and cover many areas within the classical-Marxian tradition. We focus on three major themes...
Persistent link: https://www.econbiz.de/10012295695
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Energy price shocks and stabilization policies in a multi-agent macroeconomic model for the Euro Area
Turco, Enrico; Bazzana, Davide; Rizzati, Massimiliano; … - 2022
Soaring energy prices since fall 2021 have prompted European governments to introduce policy measures to support households and businesses. In this paper, we employ the MATRIX model, a multi-sector and multi-agent macroeconomic model calibrated on the Euro Area, to analyze the economic and...
Persistent link: https://www.econbiz.de/10013383241