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Investment, credit constraints and public policy in a neoclassical adjustment cost framework

Čechura, Lukas - Leibniz-Institut für Agrarentwicklung in … - 2008

the consequence of the occurrence of credit rationing on farmer's capital accumulation, investment and supply. The method … discount rate. Finally, if the uncertainty is introduced, then the level of investment spending and capital accumulation is …

Persistent link: https://www.econbiz.de/10008597176

Decentralization schemes, cost-benefit-analysis, and net national product as a measure of social well-being

Dasgupta, Partha; Maler, Karl-Goran - London School of Economics (LSE) - 1998

This paper is about net national product (NNP). We are concerned with what NNP means, what it should include, what it offers us and, therefore, why we may be interested in it. We show that NNP, properly defined, can be used as a gauge for project evaluation, but we also show that it should not...

Persistent link: https://www.econbiz.de/10011071310

Decentralization Schemes, Cost-Benefit-Analysis, and Net National Product as a Measure of Social Well-Being

Dasgupta, Partha; Maler, Karl-Goran - Suntory and Toyota International Centres for Economics … - 1998

Persistent link: https://www.econbiz.de/10005797489

The Long Walk to School: International education goals in historical perspective

Clemens, Michael A. - EconWPA - 2004

Raising school enrollment, like economic development in general, takes a long time. This is partly because, as a mountain of empirical evidence now shows, economic conditions and slowly-changing parental education levels determine children's school enrollment to a greater degree than education...

Persistent link: https://www.econbiz.de/10005407681

CANADIAN CALENDAR ANOMALIES AND THE CAPITAL ASSET PRICING MODEL

CADSBY, C.B. - Department of Economics and Finance, College of … - 1988

Persistent link: https://www.econbiz.de/10005526826

Capital Requirements for Over-the-Counter Derivatives Central Counterparties

Lin, Li; Surti, Jay - International Monetary Fund (IMF) - 2013

derivatives are globally systemic. Employing methodologies similar to the calculation of banksâ€™ capital requirements against … trading book exposures, this paper assesses the sensitivity of central counterpartiesâ€™ required risk buffers, or capital … central counterpartiesâ€™ risk buffers, in line with recent enhancements to the capital regime for banks. …

Persistent link: https://www.econbiz.de/10011142162

The Redistributive Effects of Financial Deregulation

Korinek, Anton; Kreamer, Jonathan - International Monetary Fund (IMF) - 2013

Financial regulation is often framed as a question of economic efficiency. This paper, by contrast, puts the distributive implications of financial regulation center stage. We develop a model in which the financial sector benefits from risk-taking by earning greater expected returns. However,...

Persistent link: https://www.econbiz.de/10010790433

Tariff Reforms in the Presence of Foreign Actors.

Olarreaga, M. - Institut d'Economie et Econométrie, Université de Genève - 1996

Bhagwati and Brecher (1980) showed that when the relative amount of foreign-owned factors in the host country is sufficiently large as to induce a change in the direction of the trade pattern, immiserising tariff reductions may occur. Here it is shown that in the mirror case when foreign-owned...

Persistent link: https://www.econbiz.de/10010925494

Consumption Smoothing Through Fiscal Policy in OECD and EU Countries

Arreaza, A.; Sorensen, B.E.; Yosha, O. - Foerder Institute for Economic Research, Eitan Berglas … - 1997

We measure the amount of smoothing achieved through various components of the government deficit in Eu and OECD countries. For EU countries, at the 1-year frequency, 13 % of shocks to GDP are smoothed via government consumption, 18 percent via transfers, 5 % via subsidies, while taxes provide no...

Persistent link: https://www.econbiz.de/10005647290

Mobilizing Domestic Capital Markets for Infrastructure Financing. International experience and Lessons for China

Kumar, A.; Gray, R.D.; Hoskote, M.; von Klaudy, S.; … - World Bank Group - 1997

The present report draws on experience from industrialized and developing countries in terms of capital market … describes the strategies these economies have adopted to foster capital market development conducive to infrastructure financing …

Persistent link: https://www.econbiz.de/10005669763