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Two essays on monetary union and international finance

Mahajan, Arvind (contributor); Saving, Thomas (contributor) - 2005

-EMU countries. The adoption of acommon currency reduces cash holdings in EMU countries. Third, my results suggestthat agency theory …

Persistent link: https://www.econbiz.de/10009465029

Essays on international corporate cash holdings

Jia, Yonghong - 2011

This dissertation is composed of two distinct chapters. The first chapter is concerned with the secular trends in corporate cash holdings and the determinants of the changing cash policies for seven industrialized countries--Australia, Canada, France, Germany, Japan, the US, and UK. In the first...

Persistent link: https://www.econbiz.de/10009431815

RISK AND STRUCTURAL CHANGE IN AGRICULTURE: HOW INCOME SHOCKS INFLUENCE FARM SIZE

Roberts, Michael J.; Key, Nigel D. - 2002

Farm-level Census data and county-level income shock data reveal that past unexpected income shocks affect the rate of change in average farm size. Average farm size increases more quickly in counties experiencing negative income shocks as compared to counties experiencing positive income...

Persistent link: https://www.econbiz.de/10009442878

MARKET IMPERFECTIONS AND CLASS STRUCTURE: THE CASE OF SOUTH AFRICA

Lovo, Stefania - 2008

Land and market imperfections shape the organization of agricultural production and lead to differentproduction regimes within rural farm households in South Africa. This paper presents a theoretical modelto explain the presence of three main households groups (classes) determined on the basis...

Persistent link: https://www.econbiz.de/10009443206

Schooling, Capital Constraints and Entrepreneurial Performance

Praag, C.M. van; Parker, S.C. - 2004

To what extent is the performance of a small business venture, once started, affected by capital constraints at the time of inception and by the business founder's investment in human capital? We attempt to answer this question taking into account the potential endogeneity of human and financial...

Persistent link: https://www.econbiz.de/10009460015

Medicaid Crowd-Out of Long-Term Care Insurance with Endogenous Medicaid Enrollment

Kim, Geena - 2010

With states facing tightening Medicaid budgets, the high cost of financing long-term care for the elderly through Medicaid has prompted proposals to make private long-term care insurance (LTCI) more affordable through tax incentives. The effectiveness of tax incentives for stimulating LTCI...

Persistent link: https://www.econbiz.de/10009439040

Rising longevity, education, savings, and growth

Zhang, H.; Zhang, J. S.; Lee, R. - 2003

This paper examines the impact of declines in adult mortality on growth in an overlapping generations model. With public education and imperfect annuity markets, a decline in mortality affects growth through three channels. First, it raises the saving rate and thereby increases the rate of...

Persistent link: https://www.econbiz.de/10009447922

Population Pressures, Saving, and Investment in the Third World: Some Puzzles

Kelley, Allen - 1988

considered three adverseimpacts of population growth on savings and capital formation........ …

Persistent link: https://www.econbiz.de/10009475530

Solving the Feldstein–Horioka Puzzle With Financial Frictions

Bai, Yan; Zhang, Jing - 2010

Unlike the prediction of a frictionless open economy model, long-term average savings and investment rates are highly … that the calibrated model with both frictions produces a savings–investment correlation and a volume of capital flows close …

Persistent link: https://www.econbiz.de/10009476626

The Response of Consumption in Russian Households to Economic Shocks

Stillman, Steven - 2001

changes in household savings are negatively related to exogenous income shocks, with this relationship strongest for low … wealth households. Only models of consumption which include precautionary savings motives can explain why poorer households … both reduce their consumption and increase their savings in response to an exogenous decline in income. …

Persistent link: https://www.econbiz.de/10009477527

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