Showing 1 - 10 of 174
The investment decisions of small-scale farmers in developing countries are conditioned by their financial environment. Binding credit market constraints and incomplete insurance can reduce investment in activities with high expected profits. We conducted several experiments in northern Ghana in...
Persistent link: https://www.econbiz.de/10011083318
In this Paper we study the impact of credit risk transfer (CRT) on the stability and the efficiency of a financial …
Persistent link: https://www.econbiz.de/10005662362
Using a stochastic frontier model and a comprehensive dataset, we study factors that affect corporate efficiency in … efficiency, and (iii) high competition is less conductive to efficiency than moderate or low competition. In terms of ownership …, we find that (iv) efficiency increases when a majority owner must deal with minority shareholders and that (v) domestic …
Persistent link: https://www.econbiz.de/10011213309
industries using firm-level panel data. The technical efficiency of firms is found to vary significantly both within and across … industrial sectors in each country. We find strong evidence of a positive relationship between firm technical efficiency levels … between firm efficiency and size is also found to be positive, suggesting big industrial firms in the former planned economies …
Persistent link: https://www.econbiz.de/10005792075
market economy. It is widely believed that competition has a positive effect on efficiency, but the theoretical and empirical … support is quite scarce. The objective of this paper is to investigate the link between competition and efficiency for the … production functions indicate a gradual improvement in efficiency and a shift from decreasing to increasing returns to scale due …
Persistent link: https://www.econbiz.de/10005136413
shows that taxpayers are the main losers as subsidies are still needed. There are also serious efficiency-equity trade …
Persistent link: https://www.econbiz.de/10009399719
This paper reexamines U.S. business cycle volatility since 1867. We employ dynamic factor analysis as an alternative to reconstructed national accounts. We find a remarkable volatility increase across World War I, which is reversed after World War II. While we can generate evidence of postwar...
Persistent link: https://www.econbiz.de/10005504432
If a consumer wishes to protect her retirement account from the risk of price changes in order to sustain a stable standard of living, then what price index should the account be indexed to? This paper constructs a dynamic price index (DPI) that answers this question. Unlike the existing theory...
Persistent link: https://www.econbiz.de/10005504651
Identifying banking crises is the first step in the research on determinants of banking crises. The prevailing practice is to employ market events to identify a banking crisis. Researchers justify the usage of this method on the grounds that either direct and reliable indicators of banks’...
Persistent link: https://www.econbiz.de/10005497741
We show the importance of a dynamic aggregation bias in accounting for the PPP puzzle. We prove that established time-series and panel methods substantially exaggerate the persistence of real exchange rates because of heterogeneity in the dynamics of disaggregated relative prices. When...
Persistent link: https://www.econbiz.de/10005497901