Results 11 to 20 of about 58,747 (297)
Credit Constraints and the Persistence of Unemployment [PDF]
SSRN Electronic Journal, 2009 In this paper, we argue that credit market imperfections impact not only the level of unemployment, but also its persistence. For this purpose, we first develop a theoretical model based on the equilibrium matching framework of Mortensen and Pissarides (1999) and Pissarides (2000) where we introduce credit constraints.
Dromel, Nicolas +2 more
openaire +7 more sources
Credit Constraints in Manufacturing Enterprises in Africa [PDF]
Journal of African Economics, 2003 We investigate the question whether firms in the manufacturing sector in Africa are credit constrained. The fact that few firms obtain credit is not sufficient to prove constraints, since certain firms may not have a demand for credit while others may be refused credit as part of profit maximising behaviour by banks.
Arne Bigsten +11 more
openaire +5 more sources
Job Loss, Credit Constraints, and Consumption Growth [PDF]
Review of Economics and Statistics, 2014 We use direct evidence on credit constraints to study their importance for household consumption growth and for welfare. We distentangle the direct effect on consumption growth of a currently binding credit constraint from the indirect effect of a potentially binding credit constraint which generates consumption risk. Our data is focused on job losers.
Thomas F. Crossley, Hamish Low
openaire +7 more sources
Constraints on credit, consumer behavior and the dynamics of wealth [PDF]
Ekonomski Anali, 2009 This paper develops a simple macroeconomic model where the pattern of wealth accumulation is determined by a credit multiplier and the way households react to short-term fluctuations.
Gomes Costa Orlando
doaj +4 more sources
Credit reporting and financing constraints [PDF]
, 2003 The authors combine firm-level data from the World Bank Business Environment Survey (WBES) with data on private and public credit registries to investigate whether the presence of a credit registry in a country is associated with lower financing constraints, as perceived by managers, and with higher share of bank financing. They find that the existence
Inessa Love, Nataliya Mylenko
openaire +2 more sources
Credit Constraints in Education [PDF]
Annual Review of Economics, 2011 We review studies of the impact of credit constraints on the accumulation of human capital. Evidence suggests that credit constraints have recently become important for schooling and other aspects of households' behavior. We highlight the importance of early childhood investments, as their response largely determines the impact of credit constraints on
Lance Lochner, Alexander Monge-Naranjo
openaire +5 more sources
Inequality in Human Capital and Endogenous Credit Constraints. [PDF]
Rev Econ Dyn, 2017 This paper investigates the determinants of inequality in human capital with an emphasis on the role of the credit constraints. We develop and estimate a model in which individuals face uninsured human capital risks and invest in education, acquire work experience, accumulate assets and smooth consumption.
Hai R, Heckman JJ.
europepmc +4 more sources
Credit Constraints and Productive Entrepreneurship in Africa [PDF]
SSRN Electronic Journal, 2011 Limited access of entrepreneurs to credit constrains the creation and growth of private firms. In Africa, access to credit is particularly limited for small and medium enterprises (SMEs) due to unclear property rights and the lack of assets that can be used as collateral.
Mina Baliamoune-Lutz +2 more
openaire +5 more sources
Credit Constraints and Growth in a Global Economy [PDF]
American Economic Review, 2015 We show that in an open-economy OLG model, the interaction between growth differentials and household credit constraints—more severe in fast-growing countries—can explain three prominent global trends: a divergence in private saving rates between advanced and emerging economies, large net capital outflows from the latter, and a sustained decline in ...
Coeurdacier, Nicolas +2 more
openaire +8 more sources
Innovation and trade in the presence of credit constraints [PDF]
Canadian Journal of Economics/Revue canadienne d'économique, 2021 AbstractThis paper examines how trade liberalization affects investment in R&D at the firm level. We provide a model with entrepreneurs that differ in their wealth endowments, causing them to rely on external funds to different extents. In the presence of capital market imperfections, this implies heterogeneous access to external financing such ...
Föllmi, Reto +2 more
openaire +4 more sources