Investment Slumps During Financial Crises: The Role of Credit Constraints

Author(s):  
Alexandros Fakos ◽  
Plutarchos Sakellaris ◽  
Tiago Tavares
2018 ◽  
Vol 15 (3) ◽  
pp. 389-398
Author(s):  
Ruchi Singh

Rural economies in developing countries are often characterized by credit constraints. Although few attempts have been made to understand the trends and patterns of male out-migration from Uttar Pradesh (UP), there is dearth of literature on the linkage between credit accessibility and male migration in rural Uttar Pradesh. The present study tries to fill this gap. The objective of this study is to assess the role of credit accessibility in determining rural male migration. A primary survey of 370 households was conducted in six villages of Jaunpur district in Uttar Pradesh. Simple statistical tools and a binary logistic regression model were used for analyzing the data. The result of the empirical analysis shows that various sources of credit and accessibility to them play a very important role in male migration in rural Uttar Pradesh. The study also found that the relationship between credit constraints and migration varies across various social groups in UP.


2012 ◽  
Vol 12 (1) ◽  
Author(s):  
Olga V. Sorokina

Abstract While the large disparities in educational attainment by socioeconomic status in the United States point towards the importance of credit constraints, there is no consensus in the economic literature regarding their pervasiveness. To evaluate how subjective information can enhance our understanding of the role of credit constraints in education, I focus on NLSY79 respondents' assessments of financial obstacles to schooling. About 12 percent of young adults in the data expect to underinvest in education because of financial reasons or the need to work. Using this information in a regression model of educational attainment shows that it provides valuable behavioral insights, above and beyond standard measures of income and family background.


Klio ◽  
2016 ◽  
Vol 98 (1) ◽  
Author(s):  
Morris Silver

SummaryThis paper begins with a brief review of evidence for migration to the relatively affluent city of Rome during the earlier Empire. Then it is suggested that most slaves coming to Rome at this time originated in the Greek East and that these slaves were volunteers not forcible captives. Slavery by contract made it possible for individuals to overcome credit constraints limiting their ability to borrow to finance training and migration. This view is tested by examining literary, epigraphic and archaeological evidence to decide whether slave markets in the Greek East (at Acmonia, Ephesus, Magnesia on Meander, Thyatira and Delos) and in Rome itself were suitable for processing „dangerous merchandise“ (= forcible captives). The totality of the evidence suggests they were not. Near Easterners conveyed through local and Roman slave markets were probably willing self-sellers seeking economic advancement. A new, positive, light is cast on the role of slave dealers who profited from reallocating labor power from less to more productive uses.


Author(s):  
Ayfer Gedikli ◽  
Seyfettin Erdoğan ◽  
Durmuş Çağrı Yıldırım

Since the rise of globalization which has abolished the role of nation-state gradually, the world has been increasingly dealing with world-wide pandemics and multi-regional financial crises. The nature of the Global Financial Crisis has made it clear that financially integrated and globalized markets which are poorly regulated with lax supervision, can pose significant risks, with disastrous economic consequences. Did global unfairness and loose monetary policy or lack of common fiscal policy deepen the crisis? Is globalization responsible from the loss of power of local governments on their economies? Finally, can “deglobalization” be an alternative solution for the emerging economies? The answers of these questions are even more crucial after the “FED tapering”. In this context, this chapter discusses the future of financial globalization with respect to its effects on the emerging economies during the global crisis.


Author(s):  
Oliver H. Burckhardt ◽  
Kathleen M. Hargiss ◽  
Caroline Howard

A study about the role of leadership and technology in successful and sustainable airline management was conducted to further the knowledge concerning the effects these factors have on the sustainability of airline business. The goal of the study was to identify suitable leadership approaches, core and enabling technologies that are of importance for airline executives in the context of the global nature of the industry and its challenging, competitive environment. Conducting interviews with former executives from Continental Airlines and Lufthansa German Airlines and with C-level managers from airlines unaffiliated with these carriers provided insights concerning adequate methods to lead airlines that experience operational, organizational, or financial crises. One of the findings of the study, which was conducted by evaluating successful crisis management programs of Lufthansa and Continental Airlines, is the need to integrate both core and enabling technologies with a leadership approach that allows organizations to outperform their competitors and, more importantly, maintain their leading position.


Economica ◽  
2020 ◽  
Vol 88 (349) ◽  
pp. 32-69
Author(s):  
Richard McManus ◽  
F. Gulcin Ozkan ◽  
Dawid Trzeciakiewicz

Sign in / Sign up

Export Citation Format

Share Document