Search Results - subject:"Liquidity constraints"

Borrowing constraints, the cost of precautionary saving, and unemployment insurance

Crossley, Thomas F.; Low, Hamish - 2004

Persistent link: https://www.econbiz.de/10002629885

Increasing Wealth and Increasing Instability : The Role of Collateral

Tse, Chung-Yi; Leung, Ka Yui - 2004

In development economics, growth in credit is generally associated with faster long-run growth as financial intermediation improves the efficiency of channeling capital to productive investment. Yet, among developing countries high growth in credit almost always guarantees the outbreak of a...

Persistent link: https://www.econbiz.de/10014117399

Der Einfluss von Liquiditätsrestriktionen privater Haushalte auf die aggregierte Ersparnis

Winter, Christoph (contributor) - 2004

Persistent link: https://www.econbiz.de/10015204226

Do liquidity constraints matter in explaining firm size and growth? : Some evidence from the Italian manufacturing industry

Fagiolo, Giorgio (contributor); … - 2004

The paper investigates whether liquidity constraints affect firm size and growth dynamics using a large longitudinal … liquidity constraints (proxied by cash flow scaled by firm sales). Moreover, we characterize the statistical properties of firms … size, growth, age, and (scaled) cash flow distributions. Pooled data show that: (i) liquidity constraints engender a …

Persistent link: https://www.econbiz.de/10003209496

Do liquidity constraints matter for new entrepreneurs?

Moore, Kevin - 2004

Do Liquidity Constraints Matter for New Entrepreneurs? Kevin Moore* July 25, 2004 Abstract … evidence of the existence of liquidity constraints. However, recent research has shown that the relationship between wealth … interpreted as evidence of liquidity constraints. Using data from the SCF, we construct a proxy for wealth based on the …

Persistent link: https://www.econbiz.de/10002176461

Current account dynamics in OECD and EU acceding countries : an intertemporal approach

Bussière, Matthieu; Fratzscher, Marcel; Müller, Gernot J. - 2004

persistence and liquidity constraints, which allows us to obtain a dynamic model for the current account where fiscal deficits … positions. JEL No. F32; F41. Keywords: current account; habit persistence; liquidity constraints; panel regressions; acceding … outlines our ICA model with liquidity constraints and habit persistence. Section 3 describes the sample used for the estimation …

Persistent link: https://www.econbiz.de/10001987622

Initial capital constraints hinder entrepreneurial venture performance

Praag, Mirjam van; Wit, Gerrit de; Bosma, Niels - 2004

This article investigates empirically whether and to what extent initial capital constraints hinder entrepreneurial performance once the venture has been started. Prior empirical research in this area could investigate this issue only indirectly by lack of data. The key contribution of this...

Persistent link: https://www.econbiz.de/10011333876

Can fiscal policy help macroeconomic stabilisation? : evidence from a New Keynesian model with liquidity constraints

Muscatelli, V. Anton; Tirelli, Patrizio; Trecroci, Carmine - 2004

This paper derives a New Keynesian dynamic general equilibrium model with liquidity- constrained consumers and sticky prices. The model allows a role for both government spending and taxation in the DGE model. The model is then estimated using US data. We demonstrate that there seems to be a...

Persistent link: https://www.econbiz.de/10011402458

Borrowing Constraints, College Aid, and Intergenerational Mobility

Hanushek, Eric A. - 2004

The current level and form of subsidization of college education is often rationalized by appeal to capital constraints on individuals. Because borrowing against human capital is difficult, capital constraints can lead to nonoptimal outcomes unless government intervenes. We develop a simple...

Persistent link: https://www.econbiz.de/10012467979

Liquidity Constraints and Housing Prices : Theory and Evidence from the VA Mortgage

Vigdor, Jacob L. - 2004

This paper employs a simple intertemporal model to show that presence of liquidity constraints can depress the price of … effects implies that the relaxation of liquidity constraints is not Pareto improving, and may in fact be regressive …

Persistent link: https://www.econbiz.de/10012468080