Thesis (M.S.)--Humboldt State University, Environmental Systems, Energy, Environment and Society, 2010

Lack of capital (liquidity constraints) is one of the oldest explanations advanced to explain lack of firm entry, performance, and survival. In this paper, we model each of these business steps in a causal chain by testing the liquidity constraints theory. We probe the relationships between...

The price elasticity of demand for credit has major implications for macroeconomics, finance, and development. We present estimates of this parameter derived from a randomized trial. The experiment was implemented by a consumer microfinance lender in South Africa and identifies demand curves...

A number of studies in the prior literature have found a link between cash flow and firm investment [Hubbard (1998) and cites therein]. Findings of most of these studies have the caveat that cash flow could simply be capturing expectations of future profitability because the empirical proxy...

This paper provides estimates for the Mercosur countries of the Frisch elasticity —i.e., the elasticity of substitution betweenworked hours and real wages holding constant the marginal utility of wealth—. We find a strong heterogeneity, with estimated elasticities ranging from 12.8 in...

¿Qué efecto tiene la política monetaria sobre el consumo? Mediante el uso de información a nivel de hogar en el Reino Unido y Estados Unidos, este trabajo muestra que la mayor parte de la dinámica del consumo agregado después de un cambio en los tipos de interés a corto plazo, viene...

Small and micro-enterprises play a significant part in most economies. However, in developing countries these enterprises have often been planned and implemented from a poverty alleviation perspective, rather than as entrepreneurial activities and growing businesses (Mead & Liedholm 1998, Toye...

Marriage is an important institution for both individuals and society as a whole. It is a significant event in the life cycle of individuals; for society at large it represents the creation of a new unit of production, consumption, distribution and exchange of goods and services. In most...

The study of demographic trends in sub-Saharan Africa though crucial in the assessment of the impact of population size and growth on the overall socio-economic development in the region, has received the least attention due to lack of reliable data for most of the countries. This paper focuses...

ENGLISH ABSTRACT: Globally the mining and minerals market is experiencing a decline. With this decline, focus is turning to Africa as an unexplored mineral wealth. In terms of global exploration expenditure, Africa is said to be experiencing the highest percentage growth of any other regional...