Credit rationing and capital accumulation with investment and consumption loans revisited

2005 ◽  
Vol 78 (2) ◽  
pp. 322-347 ◽  
Author(s):  
Fu-Sheng Hung
Keyword(s):  
Capital Accumulation ◽  
Credit Rationing

scholarly journals The impact of credit rationing on farmer’s economic equilibrium

2009 ◽  
Vol 55 (No. 11) ◽  
pp. 541-549 ◽  
Author(s):  
L. Čechura
Keyword(s):  
Capital Accumulation ◽  
Control Variable ◽  
Credit Rationing ◽  
Adjustment Costs ◽  
Investment Model ◽  
Economic Equilibrium ◽  
Dynamic Investment ◽  
Dynamic Optimization Model ◽  
Investment Spending ◽  
The Impact

The paper deals with the theoretical analysis of the impact of credit rationing on farmer’s economic equilibrium. The analysis is carried out based on the derived dynamic optimization model, which is the dynamic investment model with adjustment costs. The credit rationing is introduced by imposing an upper limit on the control variable, which is in this case represented by the investment spending. Then, the optimal control is used to solve the optimization problem in the situation of both with and without credit constraints. Finally, the situations without and with credit rationing are compared. The results show that the occurrence of credit rationing or in general financial constraints significantly determines the capital accumulation and investment decisions of farmers and as a result their supply functions.

Credit rationing, interest rates and capital accumulation

2011 ◽  
Vol 28 (6) ◽  
pp. 2719-2729 ◽  
Author(s):  
Mahmoud Sami Nabi ◽  
Mohamed Osman Suliman
Keyword(s):  
Interest Rates ◽  
Capital Accumulation ◽  
Credit Rationing

Unemployment, credit rationing, and capital accumulation: a tale of two frictions

1998 ◽  
Vol 12 (3) ◽  
pp. 489-517 ◽  
Author(s):  
Caroline Betts ◽  
Joydeep Bhattacharya
Keyword(s):  
Capital Accumulation ◽  
Credit Rationing

Credit Rationing and Capital Accumulation

Economica ◽  
1991 ◽  
Vol 58 (231) ◽  
pp. 299 ◽  
Author(s):  
Edward F. Buffie
Keyword(s):  
Capital Accumulation ◽  
Credit Rationing

Secular stagnation in the modern world

2018 ◽  
pp. 125-141 ◽  
Author(s):  
S. M. Drobyshevsky ◽  
P. V. Trunin ◽  
A. V. Bozhechkova
Keyword(s):  
Public Debt ◽  
Capital Accumulation ◽  
Technological Development ◽  
Japanese Economy ◽  
Modern World ◽  
Key Factors ◽  
Destruction Process ◽  
Secular Stagnation ◽  
The Impact

The paper studies the factors of secular stagnation. Key factors of long-term slowdown in economic growth include the slowdown of technological development, aging population, human capital accumulation limits, high public debt, creative destruction process violation etc. The authors analyze key theoretical aspects of long-term stagnation and study the impact of these factors on Japanies economy. The authors conclude that most of the factors have significant influence on the Japanese economy for recent decades, but they cannot explain all dynamics. For Russia, on the contrary, we do not see any grounds for considering the decline in the economy since 2013 as an episode of secular stagnation.

Human Capital Accumulation and Resource Abundance

2011 ◽  
pp. 66-77
Author(s):  
O. Vasilieva
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Capital Accumulation ◽  
Relevant Literature ◽  
Harmful Effect ◽  
Human Capital Accumulation ◽  
Resource Abundance ◽  
Empirical Results ◽  
Theoretical Predictions ◽  
Crowd Out

Does resource abundance positively affect human capital accumulation? Or, alternatively, does it «crowd out» the human capital leading to the deterioration of economic growth? The paper gives an overview of the relevant literature and discusses both theoretical and empirical results obtained regarding the connection between human capital accumulation and resource abundance. It shows that despite some theoretical predictions about the harmful effect of resource abundance on human capital accumulation, unambiguous evidence of such impact that would be robust with respect to the change of resource abundance parameter has not been obtained yet.

Koreans across the Sea: Migration of Laborers to the Metropole, 1910–1937

2019 ◽  
pp. 161-200
Author(s):  
Mikwi Cho
Keyword(s):  
Capital Accumulation ◽  
Regional Scale ◽  
Living Conditions ◽  
Colonial Period ◽  
Global City ◽  
Japanese Empire ◽  
Chain Migration ◽  
Free Mobility

This paper is concerned with Korean farmers who were transformed into laborers during the Korean colonial period and migrated to Japan to enhance their living conditions. The author’s research adopts a regional scale to its investigation in which the emergence of Osaka as a global city attracted Koreans seeking economic betterment. The paper shows that, despite an initial claim to permit the free mobility of Koreans, the Japanese empire came to control this mobility depending on political, social, and economic circumstances of Japan and Korea. For Koreans, notwithstanding poverty being a primary trigger for the abandonment of their homes, the paper argues that their migration was facilitated by chain migration and they saw Japan as a resolution to their economic hardships in the process of capital accumulation by the empire.

Hungarian small business tax and possibilities to minimize distortions from capital income taxation

2015 ◽  
Vol 37 (s1) ◽  
pp. 87-105
Author(s):  
Benedek Nobilis ◽  
András Svraka
Keyword(s):  
Small Business ◽  
Cash Flow ◽  
Capital Accumulation ◽  
Value Added ◽  
Regulatory Elements ◽  
Capital Income ◽  
Potential Growth ◽  
Elegant Method ◽  
Business Tax ◽  
Working Out

Governments throughout the EU and OECD countries rely on revenues raised on capital income. Albeit several arguments can be made for keeping these taxes, in their widespread form they hinder capital accumulation and significantly lower potential growth due to their savings and investment distorting nature. At the same time, the actual economic impact of tax types is largely influenced by their structure. An elegant method, which is also simple in its concept, for eliminating the economic distortions of profit taxes is cash-flow taxation which moves income taxes closer to the more growth-friendly value-added taxes. The small business tax, which was introduced in Hungary in 2013, was designed along these principles. In this paper we review the theoretical literature on cash-flow taxation and discuss the main regulatory elements of the small business tax, as well as the solutions elaborated for working out the challenges related to its implementation.

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