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Ländliche Kreditmärkte in Transformationsländern : Marktversagen und die Rolle formaler und informeller Institutionen in Polen und der Slowakei

Anja Wiebusch - 2005

) Auf der Mikroebene findet man in beiden Ländern eine signifikante Kreditrationierung, allerdings nur für subventionierte … Kredite, so dass auf der Makroebene nicht von einer Kreditrationierung im Sinne von Stiglitz/Weiss gesprochen werden kann. (iv … gleichzeitiger Kreditrationierung auf Mikroebene festgestellt werden. Dies korrespondiert zu den theoretischen Überlegungen von De …

Persistent link: https://www.econbiz.de/10009428993

Formal credit institutions in agriculture of Kazakhstan (micro-econometric analysis)

Gaisina, Sholpan - 2010

The financing of agricultural producers is one of the most acute problems along the entire scope of economic reforms in Kazakhstan. The issue is: What kind of financial sources could maintain the development of agricultural production? Internal sources such as profit, depreciation capital, and...

Persistent link: https://www.econbiz.de/10009442653

Loan Allocation within Group Lending: New Evidence From Self-Help Group Program in South India

Goto, Jun - 2010

Poster prepared for presentation at the Agricultural & Applied Economics Association 2010 AAEA,CAES, & WAEA Joint Annual Meeting, Denver, Colorado, July 25-27, 2010.

Persistent link: https://www.econbiz.de/10009446108

Investment, Credit Rationing and the Soft Budget Constraint: Evidence from Czech Panel Data

Lizal, Lubomir; Svejnar, Jan - 2001

Strategic restructuring of firms through investment is key to a transition from plan to market. Using data on industrial firms in the Czech Republic during 1992-98, we find that (a) foreign owned companies invest the most and cooperatives the least, (b) private firms do not invest more than...

Persistent link: https://www.econbiz.de/10009477243

Investment, Efficiency, and Credit Rationing: Evidence from Hungarian Panel Data

Maurel, Mathilde - 2001

Relying upon a rich and unique panel of Hungarian firms over 7 years, from 1992 up to 1998, this paper estimates simultaneously TFP, Total Factor Productivity, identified as efficiency, and the parameters of a model where investment depends upon internal funds, wages, and sales, as in Prasnikar...

Persistent link: https://www.econbiz.de/10009477514

The effect of foreclosure regulation evidence for the us mortgage market at state level : evidence for the US mortgage market at state level

López Vicente, Fernando - 2013

Incluye bibliografía ; Do laws to protect borrowers curb foreclosures? This question is addressed by analysing the impact of foreclosure laws on default rates at state level in the US mortgage market. Using panel data techniques, we find a statistically significant effect of regulation on the...

Persistent link: https://www.econbiz.de/10012530414

Capital Accumulation in the Presence of Informal Credit Contracts: Does the Incentive Mechanism Work Better than Credit Rationing Under Asymmetric Information?

Dasgupta, Basab - 2004

Credit markets with asymmetric information often prefer credit rationing as a profit maximizing device. This paper asks whether the presence of informal credit markets reduces the cost of credit rationing, that is, whether it can alleviate the impact of asymmetric information based on the...

Persistent link: https://www.econbiz.de/10009430061

Endogenous Growth in the Presence of Informal Credit Markets: A Comparative Analysis Between Credit Rationing and Self-Revelation Regimes

Dasgupta, Basab - 2005

This paper examines whether the presence of informal credit markets reduces the cost of credit rationing in terms of growth. In a dynamic general equilibrium framework, we assume that firms are heterogenous with different degrees of risk and households invest in human capital development. With...

Persistent link: https://www.econbiz.de/10009430090

A Simple Model of Credit Rationing with Information Externalities

Hossain, Akm Rezaul - 2005

Credit-rationing model similar to Stiglitz and Weiss [1981] is combined with the information externality model of Lang and Nakamura [1993] to examine the properties of mortgage markets characterized by both adverse selection and information externalities. In a credit-rationing model, additional...

Persistent link: https://www.econbiz.de/10009430112

Liquidity Constraint and Child Labor In India: Is Market Really Incapable Of Eradicating It From Wage-Labor Households?

Dasgupta, Basab - 2005

One way to measure the lower steady state equilibrium outcome in human capital development is the incidence of child labor in most of the developing countries. With the help of Indian household level data in an overlapping generation framework, we show that production loans under credit...

Persistent link: https://www.econbiz.de/10009430171

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