IDEAS home Printed from https://ideas.repec.org/a/ers/journl/vxxiy2018ispecial1p324-332.html
   My bibliography  Save this article

Indicators of Financial Security on the Micro-Level: Approach to Empirical Estimation

Author

Listed:
  • L.I. Nivorozhkina
  • E.N. Alifanova
  • Y.S. Evlakhova
  • A.A. Tregubova

Abstract

The article suggests an original approach to economic security system indicators formation at micro level based on the assessment of changes in households’ living and financial behavior under economic crisis.An econometric implementation based on the triangular recursive system of equations is used with a multivariate probit model, dealing with unobservable individual heterogeneity, with the bias atributed to omitted variables and endogeneity.The estimation was performed according to the representative survey of the population “The Russia Longitudinal Monitoring Survey - Higher School of Economics (RLMS-HSE) (RLMS-HSE, 2017).

Suggested Citation

  • L.I. Nivorozhkina & E.N. Alifanova & Y.S. Evlakhova & A.A. Tregubova, 2018. "Indicators of Financial Security on the Micro-Level: Approach to Empirical Estimation," European Research Studies Journal, European Research Studies Journal, vol. 0(Special1), pages 324-332.
    • Handle: RePEc:ers:journl:v:xxi:y:2018:i:special1:p:324-332
    as

    Download full text from publisher

    File URL: https://www.ersj.eu/dmdocuments/31.NIVOROZHKINA_XXI_S1_18.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jean-Pierre Allegret & Helene Raymond & Houda Rharrabti, 2016. "The Impact of the Eurozone Crisis on European Banks Stocks Contagion or Interdependence?," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 129-148.
    2. N.P. Gubin & S.A. Litvinova & V.A. Arsenyeva, 2017. "Types of Financial and Credit Products: Concept, Subject, and Place on Russian and Global Financial Market," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 524-529.
    3. Lorenzo Cappellari & Stephen P. Jenkins, 2003. "Multivariate probit regression using simulated maximum likelihood," Stata Journal, StataCorp LP, vol. 3(3), pages 278-294, September.
    4. Florin Teodor Boldeanu & Ileana Tache, 2015. "The Financial System of the EU and the Capital Markets Union," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(3), pages 41-51.
    5. Simon Grima & Luca Caruana, 2017. "The Effect of the Financial Crisis on Emerging Markets: A Comparative Analysis of the Stock Market Situation Before and After," European Research Studies Journal, European Research Studies Journal, vol. 0(4B), pages 727-753.
    6. O.B. Ivanova & T.F. Romanova & E.D. Kostoglodova & D.G. Romanov, 2017. "Strategic Directions of the Country's Ensuring Financial Security," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 461-468.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:ers:journl:v:special_issue:y:2018:i:1:p:324-332 is not listed on IDEAS
    2. Natalia V. Koshel, 2018. "More than Supervision: Identifying Opportunistic Bank Behavior through Marketing Tools," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 144-157.
    3. repec:ers:journl:v:volumexxi:y:2018:i:issue4:p:512-523 is not listed on IDEAS
    4. Faris Nasif Al Shubiri & Syed Ahsan Jamil, 2017. "Assessing the Determinants of Interest Rate Spread of Commercial Banks in Oman: An Empirical Investigation," European Research Studies Journal, European Research Studies Journal, vol. 0(2A), pages 90-108.
    5. E.V. Kruglikova & T.K. Blokhina & O.A. Karpenko, 2018. "Current Problems of Banking Supervision and Regulation: A New Evidence," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 40-54.
    6. A.S. Orobinsky & A.A. Alukhanyan & R.A. Sychev & M.G. Kholina, 2018. "Development of Risk-Oriented Technologies of the Corporate Financial Controlling System," European Research Studies Journal, European Research Studies Journal, vol. 0(Special1), pages 333-349.
    7. repec:ers:journl:v:volumexxi:y:2018:i:issue4:p:40-54 is not listed on IDEAS
    8. Xanthippi Chapsa & Nikolaos Tabakis & Athanasios L. Athanasenas, 2018. "Investigating the Catching-Up Hypothesis Using Panel Unit Root Tests: Evidence from the PIIGS," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 250-271.
    9. Surnina K.S. & Denenberg Yu.M., 2018. "Financial Monitoring as the Key Element of the Mechanism for Ensuring Economic Security," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 567-575.
    10. Elena V. Dmitrishina & Denis A. Uskov & Vita A. Yagovkina & Anna A. Mikhaylova, 2018. "Peculiarities of Financial Provision for the Implementation of State Programs with Scientific and Technical Components," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 614-623.
    11. repec:ers:journl:v:special_issue:y:2018:i:1:p:333-349 is not listed on IDEAS
    12. Vitaly F. Ershov, 2018. "Russian Banking in the Global Economic System: Historical Experience of Integration (1991-2017)," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 512-523.
    13. Agus Satrya Wibowo & Imam Ghozali, 2018. "Does Value Creation Drives Growth Illusion? An Evidence from Indonesia Stock Exchange," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 491-506.
    14. Ke Liu & Zhenhong Qi & Li Tan & Caiyan Yang & Canwei Hu, 2023. "Mixed Use of Chemical Pesticides and Biopesticides among Rice–Crayfish Integrated System Farmers in China: A Multivariate Probit Approach," Agriculture, MDPI, vol. 13(8), pages 1-17, August.
    15. Marina Rybalka, 2015. "The innovative input mix. Assessing the importance of R&D and ICT investments for firm performance in manufacturing and services," Discussion Papers 801, Statistics Norway, Research Department.
    16. Fernandez-Cornejo, Jorge & Wechsler, Seth James, 2012. "Fifteen Years Later: Examining the Adoption of Bt Corn Varieties by U.S. Farmers," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124257, Agricultural and Applied Economics Association.
    17. Jianglin Lu & Keqiang Wang & Hongmei Liu, 2022. "Residents’ Selection Behavior of Compensation Schemes for Construction Land Reduction: Empirical Evidence from Questionnaires in Shanghai, China," Land, MDPI, vol. 12(1), pages 1-29, December.
    18. V.A. Bondarenko & E.A. Israilova & S.A. Albekova & A.A. Albekova, 2017. "Difficulties and Perspectives of Incorporating Russian Economy into the European Economy and Centripetal Tendencies in the EU," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 56-63.
    19. Cinzia Di Novi, 2007. "An Economic Evaluation of Life-Style and Air-pollution-related Damages: Results from the BRFSS," JEPS Working Papers 07-001, JEPS.
    20. Alejandro García-Pozo & Juan Antonio Campos-Soria & J. Aníbal Núñez-Carrasco, 2021. "Technological innovation and productivity across Spanish regions," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 67(1), pages 167-187, August.
    21. Luc Aroondel & Frédérique Savignac & Kévin Tracol, 2014. "Wealth and Consumption: French Households in the Crisis," International Journal of Central Banking, International Journal of Central Banking, vol. 10(3), pages 163-204, September.
    22. Simona Iammarino & Francesca Sanna-Randaccio & Maria Savona, 2007. "The perception of obstacles to innovation. Multinational and domestic firms in Italy," Working Papers of BETA 2007-12, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    23. Alberto Bayo-Moriones & Jose E. Galdon-Sanchez & Maia Güell, 2010. "Is seniority-based pay used as a motivational device? Evidence from plant-level data," Research in Labor Economics, in: Jobs, Training, and Worker Well-being, pages 155-187, Emerald Group Publishing Limited.
    24. Raghbendra Jha & Hari K. Nagarajan & Woojin Kang & Kailash C. Pradhan, 2014. "Panchayats and Household Vulnerability in Rural India," ASARC Working Papers 2014-08, The Australian National University, Australia South Asia Research Centre.

    More about this item

    Keywords

    Crisis; household; financial behavior; system of equations; endogeneity; financial safety; indicators. JEL Classification Codes: C35; C51; D14Read the Full Version here;
    All these keywords.

    JEL classification:

    • C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:xxi:y:2018:i:special1:p:324-332. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://ersj.eu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.