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on Discrete Choice Models |
| By: | Hellali, Wajdi; Kallas, Zein; Gil, José María |
| Keywords: | yogurt purchase, Agricultural and Food Policy, Food Consumption/Nutrition/Food Safety, Food Security and Poverty, |
| Date: | 2015 |
| URL: | http://d.repec.org/n?u=RePEc:ags:eaa148:229263&r=dcm |
| By: | Raquel Fonseca; Simon Lord |
| Abstract: | – This paper studies the determinants of self-employment in Québec and in the rest of Canada by focusing on liquidity constraints, age and aggregate unemployment. We use a random effects probit model to analyse panel data from the Survey of Labour and Income Dynamics (SLID) for the period 1993-2010. The main results are as follows. The positive effect of investment income on the probability of being self-employed confirms the existence of liquidity constraints. Being older increases the probability of choosing self-employment, rather than salaried work. This suggests that working for oneself may be a stepping stone towards retirement. High unemployment decreases the probability of being self-employed, suggesting that pull factors dominate push factors. |
| Keywords: | Travail autonome, contraintes financières, facteurs pull et push |
| JEL: | J21 J24 |
| Date: | 2015 |
| URL: | http://d.repec.org/n?u=RePEc:lvl:criacr:1517&r=dcm |
| By: | Anastasia Cozarenco; Marek Hudon; Ariane Szafarz |
| Abstract: | Recent evidence shows that the poor desperately need access to savings products. But despite this general consensus, microfinance institutions (MFIs) offering savings products are still under-studied. Using random-effect probit estimation on a dataset of 722 MFIs active over the 2005-2010 period, we try to identify the characteristics of those that collect voluntary savings. Our results suggest that these MFIs have received fewer subsidies than their credit-only counterparts. In other words, subsidies would crowd out micro-savings products, suggesting that donors generate negative externalities on product diversification. |
| Keywords: | microfinance; subsidies; micro-savings; savings |
| JEL: | O16 G21 D61 G32 F21 |
| Date: | 2016–01–18 |
| URL: | http://d.repec.org/n?u=RePEc:sol:wpaper:2013/224666&r=dcm |
| By: | Xindong Xue; Marshall Mo; W. Robert Reed (University of Canterbury) |
| Abstract: | This paper uses the 2005 and 2006 China General Social Survey (CGSS) to study the relationship between social capital and health in China. It is the most comprehensive analysis of this subject to date, both in the sizes of the samples it analyses, in the number of social capital variables it investigates, and in its treatment of endogeneity. We identify social trust, social relationships, and social networks as important determinants of self-reported health. The magnitude of the estimated effects are economically important, in some cases being of the same size or larger than the effects associated with age and income. Our findings suggest that there is scope for social capital to be a significant policy tool for improving health outcomes in China. |
| Keywords: | Social capital, trust, self-reported health, China, ordered probit regression, heteroskedastic ordered probit regression, interaction effects, endogeneity. |
| JEL: | I1 I18 P25 O53 |
| Date: | 2016–02–01 |
| URL: | http://d.repec.org/n?u=RePEc:cbt:econwp:16/02&r=dcm |
| By: | Channarith Meng (National Bank of Cambodia); Roberto Leon-Gonzalez (National Graduate Institute for Policy Studies; Rimini Center for Economic Analysis (RCEA, Italy)) |
| Abstract: | While earlier studies focus on credit booms in advanced and emerging market countries, this paper examines the characteristics and determinants of credit booms in developing countries. The results find that credit booms in developing countries are less likely to be associated with systemic banking crises. Rather, they are more likely to be the result of financial deepening than of dangerous buildups of financial risks; the prevention of credit booms in developing countries may thus be associated with higher opportunity costs in terms of foregone growth opportunities. Random effect probit and tobit regressions find some evidence that size of financial system and favorable macroeconomic conditions are among the determinants of credit booms. Although monetary and fiscal policies do not help in preventing credit booms in developing countries, we find that prudential regulations and supervision can play a much more effective role in preventing “bad” booms, while incurring substantially lower costs. Although “bad” booms are hard to identify ahead of time, the duration and size of booms, as well as the level of credit aggregates, appear to be useful indicators in determining them. |
| URL: | http://d.repec.org/n?u=RePEc:ngi:dpaper:15-22&r=dcm |