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This review is framed around the exploration of a central hypothesis: A shift in public investment towards secondary towns from big cities will improve poverty reduction performance. Of course the hypothesis raises many questions. What exactly is the dichotomy of secondary towns versus big...
Persistent link: https://www.econbiz.de/10011631514
Land requisition has been an important process by which Chinese local governments promote urbanization and generate …
Persistent link: https://www.econbiz.de/10011631523
This paper argues that urbanization reshapes individual's risk preference by exerting self-selection and assimilation … average. Overall, urbanization improves migrants' risk appetite, and mediated by this improvement, migrants are more likely to …
Persistent link: https://www.econbiz.de/10011635395
While city migrants see their welfare increase much more than those moving to towns, many more rural-urban migrants end up in towns. This phenomenon, documented in detail in Kagera, Tanzania, begs the question why migrants move to seemingly suboptimal destinations. Using an 18-year panel of...
Persistent link: https://www.econbiz.de/10012489741
. Urbanization and informal sector are joint and rising trends in these countries. The informal sector represents a significant part …
Persistent link: https://www.econbiz.de/10008490547
This study investigates the empirical relationship between the level of urbanization and size of the informal economy … that there is an inverted-U relationship between informality and the level of urbanization. That is, the share of the … informal sector grows in the early phases of urbanization due to several pull and push factors; however, it tends to fall in …
Persistent link: https://www.econbiz.de/10010719335
This study developed a unified framework for theoretically analyzing a set of mortgage attributes that screens borrower types according to their unobservable default risk. In the presence of asymmetric information, a self-selection process is attained, where lower default risk type borrowers...
Persistent link: https://www.econbiz.de/10012778952
Pour de nombreux Africains, l'eau n'est pas seulement la source de la vie, mais aussi un moyen de purification et un centre de régénération. Les rituels et les cultes de l'eau, tels que «Mami Wata», conduisent leurs adeptes à la libération du corps et de l'esprit. Mais les rites...
Persistent link: https://www.econbiz.de/10015045118
For many Africans, water is not only the source of life, but also a means of purification and a centre of regeneration. Water rituals and cults, such as 'Mami Wata', lead their followers to liberation of body and spirit. But customary rites can also cause harm. For example, the ancestral use of...
Persistent link: https://www.econbiz.de/10015045119
The European Commission's current initiative to commence consultations on the action plan to build a Capital Markets Union is to be welcomed. The objective must be to create a stable and sustainable financial system, providing all households and companies with appropriate access to financial...
Persistent link: https://www.econbiz.de/10011916324