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Barriers to Electrification for "Under Grid" Households in Rural Kenya
Lee, Kenneth - 2014
In Sub-Saharan Africa, 600 million people live without electricity. Despite ambitions of governments and donors to invest in rural electrification, decisions about how to extend electricity access are being made in the absence of rigorous evidence. Using a novel dataset of 20,000 geo-tagged...
Persistent link: https://www.econbiz.de/10012458340
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Entrepreneurship and Household Saving
Gentry, William M. - 2000
In this paper, we argue that costly external financing for entrepreneurial investments (coupled with potentially high returns on those investments) has important implications for the saving, investment, and entry decisions of continuing and potential entrepreneurs. These effects are similar in...
Persistent link: https://www.econbiz.de/10012470843
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Capitalizing China
Fan, Joseph - 2011
Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist … introduces the chapters comprising the NBER volume Capitalizing China (Fan and Morck, eds. 2012), which examine China's high … consider policy alternatives the CCP might consider if its goal is China's elevation into the ranks of high income countries …
Persistent link: https://www.econbiz.de/10012460970
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The Effects of Investing Social Security Funds in the Stock Market When Fixed Costs Prevent Some Households from Holding Stocks
Abel, Andrew B. - 2000
With fixed costs of participating in the stock market, consumers with high income will participate in the stock market, but consumers with lower income will not participate. If a fully-funded defined-contribution social security system tries to exploit the equity premium by selling a dollar of...
Persistent link: https://www.econbiz.de/10012471011
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Comparing Capital Mobility Across Provincial and National Borders
Helliwell, John F. - 1998
The persistence of high savings-investment correlations and home-country bias in portfolio construction at the national level is contrasted with new evidence of savings behaviour in Canadian provinces. We confirm that national borders clearly divert flows of capital to domestic investments, but...
Persistent link: https://www.econbiz.de/10012472187
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Channeling Domestic Savings into Productive Investment Under Asymmetric Information : The Essential Role of Foreign Direct Investment
Razin, Assaf - 1997
Foreign direct investment (FDI) is observed to be a predominant form of capital flows to low and middle income countries with insufficiently developed capital markets. This paper analyzes the problem of channeling domestic savings into productive investment in the presence of asymmetric...
Persistent link: https://www.econbiz.de/10012472477
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Argentina and the World Capital Market : Saving, Investment, and International Capital Mobility in the Twentieth Century
Taylor, Alan M. - 1997
This paper is concerned with integration in the world capital market between the" economies of the core and periphery in the twentieth century. It proceeds with some general" observations and with a special focus on the case of Argentina. I will argue that understanding" the changing relations...
Persistent link: https://www.econbiz.de/10012472511
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Fiscal Policies, Capital Formation, and Capitalism
Feldstein, Martin - 1994
This lecture examines the effects of tax policy and social security retirement benefits on capital accumulation and economic welfare. The paper begins by examining how capital income taxes reduce the real return to savers and then discusses the welfare loss of capital income taxation relative to...
Persistent link: https://www.econbiz.de/10012474022
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National Saving and International Investment
Feldstein, Martin - 1989
This paper extends earlier work by Feldstein and Horioka on the relation between domestic saving rates and international capital flows or, equivalently, between domestic saving rates and domestic investment. The basic conclusion of the present analysis is that an increase in domestic saving has...
Persistent link: https://www.econbiz.de/10012475877
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Tax Policies For the 1990's : Personal Saving, Business Investment, and Corporate Debt
Feldstein, Martin - 1989
Although the tax reforms of the 1980s substantially lowered the excess burden caused by high marginal tax rates, there were also significant adverse effects on incentives to save and to invest in business plant and equipment. Effective tax rates on. real capital gains and real net interest...
Persistent link: https://www.econbiz.de/10012476219