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Swarnajayanti Gram Swarozgar Yojana (SGSY) is a government-sponsored microfinance program. The scheme is based on four features: group lending with joint liability, progressive lending, back-ended subsidy, and social capital. We propose a new model of SGSY having these features: group lending...
Persistent link: https://www.econbiz.de/10010489777
affects the consumption loans more compared to the investment loans. Besides, increased consumption compared to saving has …This study aims to analyze the Keynes' investment and saving model in Indonesia from 1981 to 2018. The researchers use … demonstrates that there is no short-run causal relationship between these two variables. In the short-run, the increase in saving …
Persistent link: https://www.econbiz.de/10014466431
The economic crisis of 2008-2009 will be known as the day when the creator knelt before its creation (Syll, 2010). Amid such economic mess created by economists (and so-called engineers) themselves, there seems to be a single economic perspective: every man for himself and save yourself if you...
Persistent link: https://www.econbiz.de/10011865313
fundamental value of the house they own exceeds the present discounted value of their planned future consumption of housing …, of the Yaari-Blanchard OLG model used in the paper), there is no pure wealth effect on consumption from a change in house … prices driven by the housing demand of future generations will boost current consumption. There is a pure wealth effect on …
Persistent link: https://www.econbiz.de/10003996560
Through certainty equivalent consumption (CE) measures, we show that dispersion of current earnings, expenditures, and … consumption, as well as uncertainty and demographic composition. Rising inequality has offset about 1/4 of the welfare gains from … higher consumption, with most of the losses accruing after 2000. …
Persistent link: https://www.econbiz.de/10013382060
The neoclassical growth model is extended to include costly intermediated borrowing and lending between households. This is an important extension as substantial resources are used to intermediate the large amount of borrowing and lending between households. In 2007, in the United States, the...
Persistent link: https://www.econbiz.de/10011755708
Persistent link: https://www.econbiz.de/10008748287
consumption and other needs before thinking of saving. On the other hand, the anticipation of a gloomy future as a result of bad … a desirable behaviour of saving "now" (weekly or monthly) rather than procrastinating savings to the "future" that is …, saving seasonally. …
Persistent link: https://www.econbiz.de/10014500764
This paper aims to capture the favored both national and individual saving and investment perceptions of the Turkish … over their home country's saving-investment decisions. We reason, it is important to evaluate views of the youth on …
Persistent link: https://www.econbiz.de/10012817852
related to not only domestic saving and international capital flows but also changes in the domestic money supply and credit … - 1974 - empirically support the theory. In contrast to the Feldstein-Horioka findings, a lower saving-investment coefficient …
Persistent link: https://www.econbiz.de/10014518598