How Important Are Peer Effects In Group Lending Estimating A Static Game Of Incomplete Information
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How Important Are Peer Effects In Group Lending Estimating A Static Game Of Incomplete Information
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Author : Shanjun Li, Yanyan Liu, Klaus Deininger
language : en
Publisher: Intl Food Policy Res Inst
Release Date :
How Important Are Peer Effects In Group Lending Estimating A Static Game Of Incomplete Information written by Shanjun Li, Yanyan Liu, Klaus Deininger and has been published by Intl Food Policy Res Inst this book supported file pdf, txt, epub, kindle and other format this book has been release on with Social Science categories.
Group Lending With Heterogeneous Types
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Author : Li Gan
language : en
Publisher: Intl Food Policy Res Inst
Release Date : 2013-04-30
Group Lending With Heterogeneous Types written by Li Gan and has been published by Intl Food Policy Res Inst this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-30 with Social Science categories.
Group lending has been widely adopted in the past thirty years by many microfinance institutions as a means to mitigate information asymmetries when delivering credit to the poor. This paper proposes an empirical method to address the potential omitted-variable problem resulting from unobserved group types when modeling the repayment behavior of group members. We estimate the model using a rich dataset from a group-lending program in India. The estimation results support our model specification and show the advantages of relying on a type-varying method when analyzing the probability of default of group members. In particular, our model helps to better understand the factors driving repayment behavior, which may differ across group types, and shows a higher predictive power than standard single-agent choice models.
Decentralization Agricultural Services And Determinants Of Input Use In Nigeria
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Author : Akramov, Kamiljon T.
language : en
Publisher: Intl Food Policy Res Inst
Release Date :
Decentralization Agricultural Services And Determinants Of Input Use In Nigeria written by Akramov, Kamiljon T. and has been published by Intl Food Policy Res Inst this book supported file pdf, txt, epub, kindle and other format this book has been release on with Social Science categories.
The substantial differences in agricultural productivity between Asia and Africa can be largely explained by differences in use of modern inputs. The evidence suggests that better access to infrastructure (such as roads and irrigation) and agricultural services has given Asian farmers significantly better access to modern inputs, while Sub-Saharan African farmers without such an access are not able to fully exploit the benefits of modern agricultural inputs. This brief discusses the relationship between agricultural service provision and modern input use by farmers in Nigeria, with a focus on the differences among states and local government areas (LGA).
Recent Food Prices Movements
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Author : Bryce Cooke
language : en
Publisher: Intl Food Policy Res Inst
Release Date :
Recent Food Prices Movements written by Bryce Cooke and has been published by Intl Food Policy Res Inst this book supported file pdf, txt, epub, kindle and other format this book has been release on with Social Science categories.
From 2006 to mid-2008 the international prices of agricultural commodities increased considerably, by a factor larger than two. This upward trend in agricultural prices captured the world's attention as a new food crisis was emerging. Several explanations for these movements in prices, ranging from demand-driven forces to supply shocks, have been provided by analysts, researchers, and development institutions. This paper is an attempt to empirically validate these explanations using time series econometrics and data at monthly frequency. We focus on the international price of corn, wheat, rice, and soybeans. First, we identify variables associated with the factors mentioned as causing the increase in these agricultural commodities prices. Second, we use time series analysis to try to quantitatively validate those explanations. The empirical work presented here includes first difference models and rolling Granger causality tests. Overall, our empirical analysis mainly provides evidence that financial activity in futures markets and proxies for speculation can help explain the observed change in food prices; any other explanation is not well supported by our time series analysis.
How Important Are Peer Endogenous Effects In Group Lending
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Author : Yanyan Liu
language : en
Publisher:
Release Date : 2010
How Important Are Peer Endogenous Effects In Group Lending written by Yanyan Liu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
We quantify the importance of endogenous peer effects in group lending programs by estimating a static game of incomplete information. Endogenous peer effects describe how one's behavior is affected by the behavior of her peers. Using a rich data set from a group lending program in India, our empirical analysis presents a robust finding of large peer effects. The benchmark model suggests that the probability of a member making a full repayment would be 11 percentage points higher if all the fellow members were to make full repayment compared with a scenario in which none of the other members repay in full. We find that peer effects would be overestimated without controlling for unobserved group heterogeneity and that inconsistencies exist in the estimated effects of other variables without modeling peer effects and unobserved heterogeneity.
The Economics Of Microfinance
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Author : Beatriz Armendariz
language : en
Publisher: MIT Press
Release Date : 2007
The Economics Of Microfinance written by Beatriz Armendariz and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.
An assessment of "the microfinance revolution" from an economics perspective that draws on lessons from academia and international practice to challenge conventional assumptions.
Valuation Approaches And Metrics
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Author : Aswath Damodaran
language : en
Publisher: Now Publishers Inc
Release Date : 2005
Valuation Approaches And Metrics written by Aswath Damodaran and has been published by Now Publishers Inc this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
Valuation lies at the heart of much of what we do in finance, whether it is the study of market efficiency and questions about corporate governance or the comparison of different investment decision rules in capital budgeting. In this paper, we consider the theory and evidence on valuation approaches. We begin by surveying the literature on discounted cash flow valuation models, ranging from the first mentions of the dividend discount model to value stocks to the use of excess return models in more recent years. In the second part of the paper, we examine relative valuation models and, in particular, the use of multiples and comparables in valuation and evaluate whether relative valuation models yield more or less precise estimates of value than discounted cash flow models. In the final part of the paper, we set the stage for further research in valuation by noting the estimation challenges we face as companies globalize and become exposed to risk in multiple countries.
The Ocean Economy In 2030
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2016-04-27
The Ocean Economy In 2030 written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-27 with categories.
This report explores the growth prospects for the ocean economy, its capacity for future employment creation and innovation, and its role in addressing global challenges. Special attention is devoted to the emerging ocean-based industries.
Applied Corporate Finance
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Author : Aswath Damodaran
language : en
Publisher: John Wiley & Sons
Release Date : 2014-10-27
Applied Corporate Finance written by Aswath Damodaran and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-10-27 with Business & Economics categories.
Aswath Damodaran, distinguished author, Professor of Finance, and David Margolis, Teaching Fellow at the NYU Stern School of Business, have delivered the newest edition of Applied Corporate Finance. This readable text provides the practical advice students and practitioners need rather than a sole concentration on debate theory, assumptions, or models. Like no other text of its kind, Applied Corporate Finance, 4th Edition applies corporate finance to real companies. It now contains six real-world core companies to study and follow. Business decisions are classified for students into three groups: investment, financing, and dividend decisions.
Knowledge Complexity And Innovation Systems
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Author : Manfred M. Fischer
language : en
Publisher: Springer Science & Business Media
Release Date : 2001-06-20
Knowledge Complexity And Innovation Systems written by Manfred M. Fischer and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-06-20 with Business & Economics categories.
The book addresses the relationship between knowledge, complexity and innovation systems. It integrates research findings from a broad area including economics, business studies, management studies, geography, mathematics and science & technology contributions from a wide range group of international experts. In particular, it offers insights about knowledge creation and spillovers, innovation and learning systems, innovation diffusion processes and innovation policies. The contributions provide an excellent coverage of current conceptual and theoretical developments and valuable insights from both empirical and conceptual work. The reader gets an overview about the state of the art of the role of innovation systems and knowledge creation and diffusion in geographical space.