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Robert M. Townsend

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Townsend, Robert M, 1987. "Economic Organization with Limited Communication," American Economic Review, American Economic Association, vol. 77(5), pages 954-971, December.

    Mentioned in:

    1. A bit more on the economics of Bitcoin
      by David Andolfatto in MacroMania on 2014-01-30 21:41:00
    2. What is the OLG model of money good for?
      by David Andolfatto in MacroMania on 2014-01-05 01:41:00
  2. Author Profile
    1. Room for Improvement
      by Matthew Kahn in Environmental and Urban Economics on 2018-11-08 22:59:00

Wikipedia or ReplicationWiki mentions

(Only mentions on Wikipedia that link back to a page on a RePEc service)
  1. Shawn Cole & Xavier Gine & Jeremy Tobacman & Petia Topalova & Robert Townsend & James Vickery, 2013. "Barriers to Household Risk Management: Evidence from India," American Economic Journal: Applied Economics, American Economic Association, vol. 5(1), pages 104-135, January.

    Mentioned in:

    1. Barriers to Household Risk Management: Evidence from India (American Economic Journal: Applied Economics 2013) in ReplicationWiki ()
  2. Joseph P. Kaboski & Robert M. Townsend, 2012. "The Impact of Credit on Village Economies," American Economic Journal: Applied Economics, American Economic Association, vol. 4(2), pages 98-133, April.

    Mentioned in:

    1. The Impact of Credit on Village Economies (American Economic Journal: Applied Economics 2012) in ReplicationWiki ()
  3. Anna L. Paulson & Robert M. Townsend & Alexander Karaivanov, 2006. "Distinguishing Limited Liability from Moral Hazard in a Model of Entrepreneurship," Journal of Political Economy, University of Chicago Press, vol. 114(1), pages 100-144, February.

    Mentioned in:

    1. Distinguishing Limited Liability from Moral Hazard in a Model of Entrepreneurship (JPE 2006) in ReplicationWiki ()
  4. Author Profile
    1. Robert M. Townsend in Wikipedia (Spanish)

Working papers

  1. Francisco J. Buera & Joseph P. Kaboski & Robert M. Townsend, 2021. "From Micro to Macro Development," NBER Working Papers 28423, National Bureau of Economic Research, Inc.

    Cited by:

    1. Ekaterina Zhuravskaya & Sergei Guriev & Andrei Markevich, 2023. "New Russian Economic History," Working Papers halshs-04316019, HAL.
    2. Michał Gradzewicz, 2022. "How do firms respond to demand and supply shocks?," NBP Working Papers 344, Narodowy Bank Polski.
    3. Ma, Xiao & Zhang, Yiran, 2023. "How do Multinational Firms Impact China’s Technology? The Role of Quid Pro Quo Policy and Technology Spillovers," MPRA Paper 119371, University Library of Munich, Germany.
    4. Yujing Xiang & Qinli Zhang & Daolin Wang & Shihai Wu, 2022. "Mining Investment Risk Assessment for Nations along the Belt and Road Initiative," Land, MDPI, vol. 11(8), pages 1-20, August.
    5. Diane Coyle, 2021. "The idea of productivity," Working Papers 003, The Productivity Institute.
    6. Oriana Bandiera & Robin Burgess & Erika Deserranno & Ricardo Morel & Imran Rasul & Munshi Sulaiman & Jack Thiemel, 2022. "Microfinance and Diversification," Economica, London School of Economics and Political Science, vol. 89(S1), pages 239-275, June.
    7. Ma, Xiao & Muendler, Marc-Andreas & Nakab, Alejandro, 2020. "Learning by Exporting and Wage Profiles: New Evidence from Brazil," MPRA Paper 109497, University Library of Munich, Germany, revised 31 Aug 2021.

  2. Cynthia Kinnan & Krislert Samphantharak & Robert Townsend & Diego A. Vera Cossio, 2020. "Propagation and Insurance in Village Networks," NBER Working Papers 28089, National Bureau of Economic Research, Inc.

    Cited by:

    1. Alexander Karaivanov & Benoit Mojon & Luiz Awazu Pereira da Silva & Robert M Townsend, 2023. "Digital safety nets: a roadmap," BIS Papers, Bank for International Settlements, number 139.

  3. Haoyu Gao & Hong Ru & Robert Townsend & Xiaoguang Yang, 2019. "Rise of Bank Competition: Evidence from Banking Deregulation in China," NBER Working Papers 25795, National Bureau of Economic Research, Inc.

    Cited by:

    1. Lin, Tse-Chun & Liu, Jinyu & Ni, Xiaoran, 2022. "Foreign bank entry deregulation and stock market stability: Evidence from staggered regulatory changes," Journal of Empirical Finance, Elsevier, vol. 69(C), pages 185-207.
    2. Chen, Zhuo & He, Zhiguo & Liu, Chun, 2020. "The financing of local government in China: Stimulus loan wanes and shadow banking waxes," Journal of Financial Economics, Elsevier, vol. 137(1), pages 42-71.
    3. Xiaoming Li & Zheng Liu & Yuchao Peng & Zhiwei Xu, 2020. "Bank Risk-Taking and Monetary Policy Transmission: Evidence from China," Working Paper Series 2020-27, Federal Reserve Bank of San Francisco.
    4. Peisen LIU & Shiqi Chen & Yufeng XIA, 2023. "The Effect of Bank Competition and Rural Banks on Wages: Evidence from Agricultural Firms," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 5-24, December.
    5. Ling, Aifan & Li, Jinlong & Zhang, Yugui, 2023. "Can firms with higher ESG ratings bear higher bank systemic tail risk spillover?—Evidence from Chinese A-share market," Pacific-Basin Finance Journal, Elsevier, vol. 80(C).
    6. Fuxiu Jiang & Kenneth A Kim, 2020. "Corporate Governance in China: A Survey [The role of boards of directors in corporate governance: a conceptual framework and survey]," Review of Finance, European Finance Association, vol. 24(4), pages 733-772.
    7. Kang, Shulong & Dong, Jianfeng & Yu, Haiyue & Cao, Jin & Dinger, Valeriya, 2021. "City commercial banks and credit allocation: Firm-level evidence," BOFIT Discussion Papers 4/2021, Bank of Finland Institute for Emerging Economies (BOFIT).
    8. Zhang, Xiaoqian & Huang, Bin, 2022. "Does bank competition inhibit the formation of zombie firms?," International Review of Economics & Finance, Elsevier, vol. 80(C), pages 1045-1060.
    9. Panizza, Ugo & Pagano, Marco & Huang, Yi, 2016. "Local Crowding Out in China," CEPR Discussion Papers 11489, C.E.P.R. Discussion Papers.
    10. Mark J. Flannery, 2020. "Contrasting Worldviews at Bank and Securities Market Regulators," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(S1), pages 43-62, October.
    11. Lei Zhang, 2022. "Can Bank Competition Promote the Export of Small and Micro Enterprises—Based on the Perspective of Offering Fuel in Snowy Weather," Sustainability, MDPI, vol. 14(20), pages 1-14, October.
    12. Bellavite Pellegrini, Carlo & Cincinelli, Peter & Meoli, Michele & Urga, Giovanni, 2022. "The contribution of (shadow) banks and real estate to systemic risk in China," Journal of Financial Stability, Elsevier, vol. 60(C).
    13. Lai, Shaojie & Chen, Lihan & Wang, Qing Sophie & Anderson, Hamish D., 2023. "Bank competition and corporate employment: Evidence from the geographic distribution of bank branches in China," Journal of Banking & Finance, Elsevier, vol. 154(C).
    14. Lu, Dong & Tang, Huoqing & Zhang, Chengsi, 2023. "China's monetary policy surprises and corporate real investment," China Economic Review, Elsevier, vol. 77(C).
    15. Cheng, Hua & Li, Xue & Dong, Yan & Qi, Shusen, 2020. "Competition and favoritism in bank loan markets," Pacific-Basin Finance Journal, Elsevier, vol. 59(C).
    16. Fu Xin & Jie Zhang & Yue Guo & Shangkun Liang, 2022. "Banking structure change and corporate innovation: evidence from Chinese city‐branch data," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(S1), pages 2057-2084, April.
    17. Yuan, Hongqi & Zhou, Yiyuan & Zou, Hong, 2022. "Serving multiple ‘masters’: Evidence from the loan decisions of a publicly listed state-owned bank around a massive economic stimulus programme11The authors can be contacted via yuanhq@fudan.edu.cn, y," Journal of Corporate Finance, Elsevier, vol. 72(C).
    18. Zou, Yang & Wang, Xiaoming, 2022. "Distance, information and bank lending in China," Pacific-Basin Finance Journal, Elsevier, vol. 74(C).

  4. Krislert Samphantharak & Scott Schuh & Robert M. Townsend, 2017. "Integrated household surveys: an assessment of U.S. methods and an innovation," Working Papers 17-7, Federal Reserve Bank of Boston.

    Cited by:

    1. Sofía Gallardo & Carlos Madeira, 2022. "The role of financial surveys for economic research and policy making in emerging markets," Working Papers Central Bank of Chile 948, Central Bank of Chile.
    2. Tamás Briglevics & Scott Schuh, 2020. "This Is What's in Your Wallet...and Here's How You Use It," Working Papers 20-04, Department of Economics, West Virginia University.
    3. Scott Fulford & Scott Schuh, 2020. "Credit Cards, Credit Utilization, and Consumption," Working Papers 19-07, Department of Economics, West Virginia University.

  5. Niklas Amberg & Tor Jacobson & Erik von Schedvin & Robert Townsend, 2016. "Curbing Shocks to Corporate Liquidity: The Role of Trade Credit," NBER Working Papers 22286, National Bureau of Economic Research, Inc.

    Cited by:

    1. Panagiotis Avramidis & George Pennacchi & Konstantinos Serfes & Kejia Wu, 2022. "The Role of Regulation and Bank Competition in Small Firm Financing: Evidence from the Community Reinvestment Act," Working Papers 22-06, Federal Reserve Bank of Philadelphia.
    2. Davide Dottori & Giacinto Micucci & Laura Sigalotti, 2022. "Trade debts and bank lending in years of crisis," Questioni di Economia e Finanza (Occasional Papers) 695, Bank of Italy, Economic Research and International Relations Area.
    3. Xie, Zhong & Lu, Wenling & Yu, Jing & Wu, Yanrui & Liu, Qing, 2022. "Development zones and green innovation: Evidence from Chinese listed companies," China Economic Review, Elsevier, vol. 76(C).
    4. Esposito, Federico & Hassan, Fadi, 2023. "Import competition, trade credit and financial frictions in general equilibrium," LSE Research Online Documents on Economics 121378, London School of Economics and Political Science, LSE Library.
    5. Alvaro Garcia-Marin & Santiago Justel & Tim Schmidt-Eisenlohr, 2019. "Trade Credit, Markups, and Relationships," CESifo Working Paper Series 7600, CESifo.
    6. Felipe Restrepo & Lina Cardona-Sosa & Philip E. Strahan, 2018. "Funding liquidity without banks: evidence from a shock to the cost of very short-term debt," Borradores de Economia 1056, Banco de la Republica de Colombia.
    7. Jose-Maria Serena & Marina-Eliza Spaliara & Serafeim Tsoukas, 2022. "International bank credit, nonbank lenders, and access to external financing," Working Papers 2022_04, Business School - Economics, University of Glasgow.
    8. Federico Esposito & Fadi Hassan, 2023. "Import competition, trade credit and financial frictions in general equilibrium," CEP Discussion Papers dp1901, Centre for Economic Performance, LSE.
    9. Gyimah, Daniel & Machokoto, Michael & Sikochi, Anywhere (Siko), 2020. "Peer influence on trade credit," Journal of Corporate Finance, Elsevier, vol. 64(C).
    10. Bittner, Christian & Fecht, Falko & Georg, Co-Pierre, 2021. "Contagious zombies," Discussion Papers 15/2021, Deutsche Bundesbank.
    11. Gofman, Michael & Wu, Youchang, 2022. "Trade credit and profitability in production networks," Journal of Financial Economics, Elsevier, vol. 143(1), pages 593-618.

  6. Thomas M. Eisenbach & David O. Lucca & Robert M. Townsend, 2016. "The Economics of Bank Supervision: So Much to Do, So Little Time," Liberty Street Economics 20160412, Federal Reserve Bank of New York.

    Cited by:

    1. Ongena, Steven & Kok, Christoffer & Müller, Carola & Pancaro, Cosimo, 2021. "The disciplining effect of supervisory scrutiny in the EU-wide stress test," CEPR Discussion Papers 16157, C.E.P.R. Discussion Papers.
    2. Colliard, Jean-Edouard, 2017. "Strategic Selection of Risk Models and Bank Capital Regulation," HEC Research Papers Series 1229, HEC Paris, revised 29 Nov 2017.
    3. Altavilla, Carlo & Boucinha, Miguel & Peydró, José-Luis & Smets, Frank, 2020. "Banking supervision, monetary policy and risk-taking: big data evidence from 15 credit registers," Working Paper Series 2349, European Central Bank.
    4. Keuschnigg, Christian & Kogler, Michael, 2020. "The Schumpeterian role of banks: Credit reallocation and capital structure," European Economic Review, Elsevier, vol. 121(C).
    5. T. Carraro & Edoardo Gaffeo & Marco Gallegati, 2021. "Risk and Strategic Complementarities: Banks Behavior, Supervision and Macroprudential Policies," Working Papers 452, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    6. Fatih Tuluk, 2021. "Collateral Misrepresentation, External Auditing, and Optimal Supervisory Policy," Open Economies Review, Springer, vol. 32(5), pages 975-1016, November.

  7. Thomas M. Eisenbach & David O. Lucca & Robert M. Townsend, 2016. "The Economics of Bank Supervision," NBER Working Papers 22201, National Bureau of Economic Research, Inc.

    Cited by:

    1. Donato Masciandaro & Davide Romelli, 2017. "Twin Peaks And Central Banks: Economics, Political Economy And Comparative Analysis," BAFFI CAREFIN Working Papers 1768, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    2. Ongena, Steven & Kok, Christoffer & Müller, Carola & Pancaro, Cosimo, 2021. "The disciplining effect of supervisory scrutiny in the EU-wide stress test," CEPR Discussion Papers 16157, C.E.P.R. Discussion Papers.
    3. Martynova, Natalya & Perotti, Enrico C. & Suárez, Javier, 2020. "Bank capital forbearance and serial gambling," Discussion Papers 56/2020, Deutsche Bundesbank.
    4. Beverly Hirtle & Anna Kovner, 2020. "Bank Supervision," Staff Reports 952, Federal Reserve Bank of New York.
    5. Alessandro De Chiara & Luca Livio & Jorge Ponce, 2018. "Flexible and mandatory banking supervision," ULB Institutional Repository 2013/266998, ULB -- Universite Libre de Bruxelles.
    6. Colliard, Jean-Edouard, 2017. "Strategic Selection of Risk Models and Bank Capital Regulation," HEC Research Papers Series 1229, HEC Paris, revised 29 Nov 2017.
    7. Beverly Hirtle & Anna Kovner & Matthew Plosser, 2016. "The impact of supervision on bank performance," Staff Reports 768, Federal Reserve Bank of New York.
    8. Altavilla, Carlo & Boucinha, Miguel & Peydró, José-Luis & Smets, Frank, 2020. "Banking supervision, monetary policy and risk-taking: big data evidence from 15 credit registers," Working Paper Series 2349, European Central Bank.
    9. Keuschnigg, Christian & Kogler, Michael, 2020. "The Schumpeterian role of banks: Credit reallocation and capital structure," European Economic Review, Elsevier, vol. 121(C).
    10. Andreas Fuster & Matthew Plosser & James Vickery, 2018. "Does CFPB Oversight Crimp Credit?," Staff Reports 857, Federal Reserve Bank of New York.
    11. Suarez, Javier & Martynova, Natalya & Perotti, Enrico, 2019. "Bank Capital Forbearance," CEPR Discussion Papers 13617, C.E.P.R. Discussion Papers.
    12. Paul Goldsmith-Pinkham & Beverly Hirtle & David O. Lucca, 2016. "Parsing the content of bank supervision," Staff Reports 770, Federal Reserve Bank of New York.
    13. Rafael Repullo, 2017. "Hierarchical Bank Supervision," Working Papers wp2017_1718, CEMFI.
    14. Jianxing Wei & Tong Xu, 2018. "A Model of Bank Credit Cycles," 2018 Meeting Papers 610, Society for Economic Dynamics.
    15. T. Carraro & Edoardo Gaffeo & Marco Gallegati, 2021. "Risk and Strategic Complementarities: Banks Behavior, Supervision and Macroprudential Policies," Working Papers 452, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    16. Karel Janda & Oleg Kravtsov, 2020. "Banking Supervision and Risk-Adjusted Performance inthe Host Country Environment," FFA Working Papers 3.001, Prague University of Economics and Business, revised 19 Nov 2020.
    17. de Ramon, Sebastian & Francis, William & Milonas, Kristoffer, 2017. "An overview of the UK banking sector since the Basel Accord: insights from a new regulatory database," Bank of England working papers 652, Bank of England.
    18. Fatih Tuluk, 2021. "Collateral Misrepresentation, External Auditing, and Optimal Supervisory Policy," Open Economies Review, Springer, vol. 32(5), pages 975-1016, November.

  8. Thomas M. Eisenbach & David O. Lucca & Robert M. Townsend, 2016. "Resource Allocation in Bank Supervision: Trade-offs and Outcomes," Staff Reports 769, Federal Reserve Bank of New York.

    Cited by:

    1. Donato Masciandaro & Davide Romelli, 2017. "Twin Peaks And Central Banks: Economics, Political Economy And Comparative Analysis," BAFFI CAREFIN Working Papers 1768, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    2. Alessandro De Chiara & Luca Livio & Jorge Ponce, 2018. "Flexible and mandatory banking supervision," ULB Institutional Repository 2013/266998, ULB -- Universite Libre de Bruxelles.
    3. Colliard, Jean-Edouard, 2017. "Strategic Selection of Risk Models and Bank Capital Regulation," HEC Research Papers Series 1229, HEC Paris, revised 29 Nov 2017.
    4. Altavilla, Carlo & Boucinha, Miguel & Peydró, José-Luis & Smets, Frank, 2020. "Banking supervision, monetary policy and risk-taking: big data evidence from 15 credit registers," Working Paper Series 2349, European Central Bank.
    5. Keuschnigg, Christian & Kogler, Michael, 2020. "The Schumpeterian role of banks: Credit reallocation and capital structure," European Economic Review, Elsevier, vol. 121(C).
    6. Martynova, Natalya & Perotti, Enrico & Suarez, Javier, 2022. "Capital forbearance in the bank recovery and resolution game," Journal of Financial Economics, Elsevier, vol. 146(3), pages 884-904.
    7. Andreas Fuster & Matthew Plosser & James Vickery, 2018. "Does CFPB Oversight Crimp Credit?," Staff Reports 857, Federal Reserve Bank of New York.
    8. Suarez, Javier & Martynova, Natalya & Perotti, Enrico, 2019. "Bank Capital Forbearance," CEPR Discussion Papers 13617, C.E.P.R. Discussion Papers.
    9. Paul Goldsmith-Pinkham & Beverly Hirtle & David O. Lucca, 2016. "Parsing the content of bank supervision," Staff Reports 770, Federal Reserve Bank of New York.
    10. Rafael Repullo, 2017. "Hierarchical Bank Supervision," Working Papers wp2017_1718, CEMFI.
    11. T. Carraro & Edoardo Gaffeo & Marco Gallegati, 2021. "Risk and Strategic Complementarities: Banks Behavior, Supervision and Macroprudential Policies," Working Papers 452, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    12. de Ramon, Sebastian & Francis, William & Milonas, Kristoffer, 2017. "An overview of the UK banking sector since the Basel Accord: insights from a new regulatory database," Bank of England working papers 652, Bank of England.

  9. Weerachart T. Kilenthong & Robert M. Townsend, 2016. "A Market Based Solution for Fire Sales and Other Pecuniary Externalities," NBER Working Papers 22056, National Bureau of Economic Research, Inc.

    Cited by:

    1. Marimon, Ramon & Werner, Jan, 2021. "The envelope theorem, Euler and Bellman equations, without differentiability," Journal of Economic Theory, Elsevier, vol. 196(C).
    2. Gottardi, Piero & Bisin, Alberto, 2020. "Efficient Policy Interventions in an Epidemic," CEPR Discussion Papers 15386, C.E.P.R. Discussion Papers.
    3. Andrea Lanteri & Adriano A. Rampini, 2023. "Constrained-Efficient Capital Reallocation," American Economic Review, American Economic Association, vol. 113(2), pages 354-395, February.
    4. Borys Grochulski & Yuzhe Zhang, 2019. "Optimal liquidity policy with shadow banking," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 68(4), pages 967-1015, November.
    5. UEDA Kenichi, 2019. "Speedy Bankruptcy Procedures and Bank Bailouts," Discussion papers 19108, Research Institute of Economy, Trade and Industry (RIETI).

  10. Era Dabla-Norris & Yan Ji & Robert M. Townsend & D. Filiz Unsal, 2015. "Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and the Distribution of Income," NBER Working Papers 20821, National Bureau of Economic Research, Inc.

    Cited by:

    1. Barreto, Leonardo & Finkelstein Shapiro, Alan & Nuguer, Victoria, 2023. "Domestic barriers to entry and external vulnerability in emerging economies," Journal of Economic Dynamics and Control, Elsevier, vol. 154(C).
    2. Kame Babilla, Thierry U., 2023. "Digital innovation and financial access for small and medium-sized enterprises in a currency union," Economic Modelling, Elsevier, vol. 120(C).
    3. Anarfo, Ebenezer Bugri & Abor, Joshua Yindenaba & osei, Kofi Achampong, 2020. "Financial regulation and financial inclusion in Sub-Saharan Africa: Does financial stability play a moderating role?," Research in International Business and Finance, Elsevier, vol. 51(C).
    4. Brendan Epstein & Alan Finkelstein Shapiro, 2020. "Online Appendix to "Increasing Domestic Financial Participation: Implications for Business Cycles and Labor Markets"," Online Appendices 19-234, Review of Economic Dynamics.
    5. Jeremy Greenwood & Juan M. Sanchez & Cheng Wang, 2010. "Quantifying the Impact of Financial Development on Economic Development," Economie d'Avant Garde Research Reports 17, Economie d'Avant Garde.
    6. Epstein, Brendan & Finkelstein Shapiro, Alan, 2018. "Financial Development, Unemployment Volatility, and Sectoral Dynamics," MPRA Paper 88693, University Library of Munich, Germany.
    7. Paula Bustos & Gabriel Garber & Jacopo Ponticelli, 2020. "Capital Accumulation and Structural Transformation [“Capital Deepening and Nonbalanced Economic Growth”]," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 135(2), pages 1037-1094.
    8. Julia Fonseca & Adrien Matray, 2022. "Financial Inclusion, Economic Development, and Inequality: Evidence from Brazil," Working Papers 308, Princeton University, Department of Economics, Center for Economic Policy Studies..
    9. Zeqiraj, Veton & Sohag, Kazi & Hammoudeh, Shawkat, 2022. "Financial inclusion in developing countries: Do quality institutions matter?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 81(C).
    10. Pengju Liu & Yitong Zhang & Shengqi Zhou, 2023. "Has Digital Financial Inclusion Narrowed the Urban–Rural Income Gap? A Study of the Spatial Influence Mechanism Based on Data from China," Sustainability, MDPI, vol. 15(4), pages 1-20, February.
    11. Carlos Viana de Carvalho & Eduardo Zilberman & Laura Candido de Souza & Nilda Mercedes Cabrera Pasca, 2014. "Macroeconomic Effects of Credit Deepening in Latin America," Textos para discussão 629, Department of Economics PUC-Rio (Brazil).
    12. Pallab Ghosh & Jae Lee, 2016. "Decomposition of Changes in Korean Wage Inequality, 1998–2007," Journal of Labor Research, Springer, vol. 37(1), pages 1-28, March.
    13. Han, Minsoo, 2022. "International financial integration and total factor productivity losses from underdeveloped domestic financial markets," Economics Letters, Elsevier, vol. 212(C).
    14. Juan Carlos Urueña-Mejía & Luis H. Gutierrez & Paul Rodríguez-Lesmes, 2023. "Financial inclusion and business practices of microbusiness in Colombia," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 13(2), pages 465-494, June.
    15. Ünal Seven & Dilara Kilinc & Yener Coskun, 2018. "Does Credit Composition have Asymmetric Effects on Income Inequality? New Evidence from Panel Data," IJFS, MDPI, vol. 6(4), pages 1-15, September.
    16. Li, Chengming & Huo, Peng & Wang, Zeyu & Zhang, Weiguang & Liang, Feiyan & Mardani, Abbas, 2023. "Digitalization generates equality? Enterprises’ digital transformation, financing constraints, and labor share in China," Journal of Business Research, Elsevier, vol. 163(C).
    17. Lee, Chien-Chiang & Chen, Pei-Fen & Chu, Pin-Jie, 2023. "Green recovery through financial inclusion of mobile payment: A study of low- and middle-income Asian countries," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 729-747.
    18. Pallab Kumar Ghosh & Jae Yoon Lee, 2016. "Decomposition of Changes in Korean Wage Inequality, 1998–2007," Journal of Labor Research, Springer, vol. 37(1), pages 1-28, March.
    19. Li, Huiyu, 2022. "Leverage and productivity," Journal of Development Economics, Elsevier, vol. 154(C).
    20. Hela Borgi & Fatma Mabrouk & Jihen Bousrih & Mohamed Mehdi Mekni, 2023. "Environmental Change and Inclusive Finance: Does Governance Quality Matter for African Countries?," Sustainability, MDPI, vol. 15(4), pages 1-15, February.
    21. Ozili, Peterson K, 2022. "Financial inclusion and sustainable development: an empirical association," MPRA Paper 115772, University Library of Munich, Germany.
    22. Hossein Sabzian & Alireza Aliahmadi & Adel Azar & Madjid Mirzaee, 2018. "Economic inequality and Islamic Charity: An exploratory agent-based modeling approach," Papers 1804.09284, arXiv.org.
    23. Sheng Xu & Michael Asiedu & Nana Adwoa Anokye Effah, 2023. "Inclusive Finance, Gender Inequality, and Sustainable Economic Growth in Africa," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(4), pages 4866-4902, December.

  11. Weerachart T. Kilenthong & Robert M. Townsend, 2014. "A Market Based Solution to Price Externalities: A Generalized Framework," NBER Working Papers 20275, National Bureau of Economic Research, Inc.

    Cited by:

    1. Weerachart Kilenthong & Robert Townsend, 2016. "A Market Based Solution for Fire Sales and Other Pecuniary Externalities," PIER Discussion Papers 23, Puey Ungphakorn Institute for Economic Research.
    2. Anil K. Jain & Robert M. Townsend, 2021. "The economics of platforms in a Walrasian framework," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(3), pages 877-924, April.
    3. Alfred Duncan & Charles Nolan, 2015. "Objectives and Challenges of Macroprudential Policy," Working Papers 2015_22, Business School - Economics, University of Glasgow.
    4. Alfred Duncan, 2016. "Private information and business cycle risk sharing," Working Papers 2016_02, Business School - Economics, University of Glasgow.
    5. Weerachart Kilenthong & Robert Townsend, 2014. "Segregated Security Exchanges with Ex Ante Rights to Trade: A Market-Based Solution to Collateral-Constrained Externalities," NBER Working Papers 20086, National Bureau of Economic Research, Inc.
    6. Anil K. Jain & Robert M. Townsend, 2020. "The Economics of Platforms in a Walrasian Framework," International Finance Discussion Papers 1280, Board of Governors of the Federal Reserve System (U.S.).
    7. Borys Grochulski, 2013. "Pecuniary Externalities, Segregated Exchanges, and Market Liquidity in a Diamond-Dybvig Economy with Retrade," Economic Quarterly, Federal Reserve Bank of Richmond, issue 4Q, pages 305-340.

  12. Weerachart Kilenthong & Robert Townsend, 2014. "Segregated Security Exchanges with Ex Ante Rights to Trade: A Market-Based Solution to Collateral-Constrained Externalities," NBER Working Papers 20086, National Bureau of Economic Research, Inc.

    Cited by:

    1. Biais, Bruno & Heider, Florian & Hoerova, Marie, 2022. "Variation margins, fire-sales and information-constrained optimality," TSE Working Papers 126554, Toulouse School of Economics (TSE).
    2. Eduardo Dávila & Anton Korinek, 2016. "Pecuniary Externalities in Economies with Financial Frictions," NBER Working Papers 22444, National Bureau of Economic Research, Inc.
    3. Ana Fostel & John Geanakoplos, 2016. "Financial Innovation, Collateral, and Investment," American Economic Journal: Macroeconomics, American Economic Association, vol. 8(1), pages 242-284, January.
    4. Ana Fostel & John Geanakoplos, 2013. "Financial Innovation, Collateral and Investment," Cowles Foundation Discussion Papers 1903R, Cowles Foundation for Research in Economics, Yale University, revised Mar 2015.
    5. Borys Grochulski, 2013. "Pecuniary Externalities, Segregated Exchanges, and Market Liquidity in a Diamond-Dybvig Economy with Retrade," Economic Quarterly, Federal Reserve Bank of Richmond, issue 4Q, pages 305-340.

  13. Benjamin Moll & Robert M. Townsend & Victor Zhorin, 2013. "Economic Development, Flow of Funds and the Equilibrium Interaction of Financial Frictions," NBER Working Papers 19618, National Bureau of Economic Research, Inc.

    Cited by:

    1. Stephane Verani, 2016. "Aggregate Consequences of Dynamic Credit Relationships," 2016 Meeting Papers 4, Society for Economic Dynamics.
    2. Jeremy Greenwood & Juan M. Sanchez & Cheng Wang, 2009. "Financing development : the role of information costs," Working Paper 08-08, Federal Reserve Bank of Richmond.
    3. Yan Ji, 2017. "Job Search under Debt: Aggregate Implications of Student Loans," 2017 Meeting Papers 222, Society for Economic Dynamics.
    4. Xianyuan Chang & Zhaoping Wu & Yi Chen & Yuanyuan Du & Longfei Shang & Ying Ge & Jie Chang & Guofu Yang, 2021. "The Booming Number of Museums and Their Inequality Changes in China," Sustainability, MDPI, vol. 13(24), pages 1-19, December.
    5. Ms. Era Dabla-Norris & Yixi Deng & Anna Ivanova & Ms. Izabela Karpowicz & Ms. Filiz D Unsal & Eva VanLeemput & Joyce Wong, 2015. "Financial Inclusion: Zooming in on Latin America," IMF Working Papers 2015/206, International Monetary Fund.
    6. Ms. Era Dabla-Norris & Yan Ji & Robert M. Townsend & Ms. Filiz D Unsal, 2015. "Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality: A Structural Framework for Policy," IMF Working Papers 2015/022, International Monetary Fund.
    7. Rui Castro & Pavel Sevcik, 2016. "Occupational Choice, Human Capital, and Financial Constraints," University of Western Ontario, Centre for Human Capital and Productivity (CHCP) Working Papers 20162, University of Western Ontario, Centre for Human Capital and Productivity (CHCP).
    8. Townsend, Robert & Dabla-Norris, Era & Ji, Yan & Unsal, Filiz, 2017. "Distinguishing Constraints on Financial Inclusion and Their Impact on GDP and Inequality," CEPR Discussion Papers 11742, C.E.P.R. Discussion Papers.
    9. Yan Ji & Songyuan Teng & Robert Townsend, 2021. "Dynamic Bank Expansion: Spatial Growth, Financial Access, and Inequality," NBER Working Papers 28582, National Bureau of Economic Research, Inc.
    10. Izabela Karpowicz, 2016. "Financial Inclusion, Growth and Inequality: A Model Application to Colombia," Journal of Banking and Financial Economics, University of Warsaw, Faculty of Management, vol. 2(6), pages 68-89, June.
    11. Dabla-Norris, Era & Ji, Yan & Townsend, Robert M. & Filiz Unsal, D., 2021. "Distinguishing constraints on financial inclusion and their impact on GDP, TFP, and the distribution of income," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 1-18.

  14. Pierre-Andre Chiappori & Krislert Samphantharak & Sam Schulhofer-Wohl & Robert M. Townsend, 2013. "Portfolio choices and risk preferences in village economies," Working Papers 706, Federal Reserve Bank of Minneapolis.

    Cited by:

    1. Pierre-André Chiappori & Krislert Samphantharak & Sam Schulhofer-Wohl & Robert M. Townsend, 2011. "Heterogeneity and Risk Sharing in Village Economies," NBER Working Papers 16696, National Bureau of Economic Research, Inc.
    2. Shariq Mohammed, A.R., 2019. "Does a good father now have to be rich? Intergenerational income mobility in rural India," Labour Economics, Elsevier, vol. 60(C), pages 99-114.

  15. Krislert Samphantharak & Robert Townsend, 2013. "Risk and Return in Village Economies," NBER Working Papers 19738, National Bureau of Economic Research, Inc.

    Cited by:

    1. Lekfuangfu, Warn N. & Piyapromdee, Suphanit & Porapakkarm, Ponpoje & Wasi, Nada, 2020. "On Covid-19: new implications of job task requirements and spouse's occupational sorting," MPRA Paper 99837, University Library of Munich, Germany.
    2. Sofía Gallardo & Carlos Madeira, 2022. "The role of financial surveys for economic research and policy making in emerging markets," Working Papers Central Bank of Chile 948, Central Bank of Chile.
    3. C. Rashaad Shabab, 2021. "Local droughts and income risk among Thai households," Review of Development Economics, Wiley Blackwell, vol. 25(4), pages 2084-2112, November.
    4. Alexander Karaivanov & Benoit Mojon & Luiz Awazu Pereira da Silva & Robert M Townsend, 2023. "Digital safety nets: a roadmap," BIS Papers, Bank for International Settlements, number 139.
    5. Anderberg, Dan & Morsink, Karlijn, 2020. "The introduction of formal insurance and its effect on redistribution," Journal of Economic Behavior & Organization, Elsevier, vol. 179(C), pages 22-45.
    6. Cynthia Kinnan & Krislert Samphantharak & Robert Townsend & Diego Vera-Cossio, 2019. "Insurance and Propagation in Village Networks," PIER Discussion Papers 115, Puey Ungphakorn Institute for Economic Research.
    7. De Mel,Suresh & Mckenzie,David J. & Woodruff,Christopher M., 2019. "Micro-Equity for Microenterprises," Policy Research Working Paper Series 8799, The World Bank.
    8. Dan Anderberg & Karlijn Marsink, 2019. "The introduction of formal insurance and its effect on redistribution," CESifo Working Paper Series 7596, CESifo.
    9. Konstantinos Angelopoulos & Spyridon Lazarakis & Rebecca Mancy & Dorice Agol & Elissaios Papyrakis, 2023. "Resource Risk and the Origins of Inequality: Evidence from a Pastoralist Economy," CESifo Working Paper Series 10611, CESifo.
    10. Gulesci, Selim & Battaglia, Marianna & Madestam, Andreas, 2018. "Repayment Flexibility and Risk Taking: Experimental Evidence from Credit Contracts," CEPR Discussion Papers 13329, C.E.P.R. Discussion Papers.

  16. Alexander Karaivanov & Robert M. Townsend, 2013. "Dynamic Financial Constraints: Distinguishing Mechanism Design from Exogenously Incomplete Regimes," NBER Working Papers 19617, National Bureau of Economic Research, Inc.

    Cited by:

    1. Doepke, M. & Tertilt, M., 2016. "Families in Macroeconomics," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1789-1891, Elsevier.
    2. Krislert Samphantharak & Robert Townsend, 2016. "Risk and Return in Village Economies," PIER Discussion Papers 27, Puey Ungphakorn Institute for Economic Research.
    3. Aida, Takeshi, 2015. "Spatial vs. Social Network Effects in Risk Sharing," Working Papers 89, JICA Research Institute.
    4. Jasmina Arifovic & Alexander Karaivanov, 2007. "Learning by Doing vs. Learning from Others in a Principal-Agent Model," Discussion Papers dp07-24, Department of Economics, Simon Fraser University.
    5. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2015. "Entrepreneurship and Financial Frictions: A Macro-Development Perspective," NBER Working Papers 21107, National Bureau of Economic Research, Inc.
    6. Pham, Ngoc-Sang, 2023. "Some Lectures on Macroeconomics," MPRA Paper 119643, University Library of Munich, Germany.
    7. Alexander K. Karaivanov & Fernando M. Martin, 2011. "Markov-Perfect Risk Sharing, Moral Hazard and Limited Commitment," Working Papers 2011-030, Federal Reserve Bank of St. Louis.
    8. Mikhail Golosov & Aleh Tsyvinski & Nicolas Werquin, 2016. "Recursive Contracts and Endogenously Incomplete Markets," NBER Working Papers 22012, National Bureau of Economic Research, Inc.
    9. Nikolov, Boris & Schmid, Lukas & Steri, Roberto, 2021. "The Sources of Financing Constraints," Journal of Financial Economics, Elsevier, vol. 139(2), pages 478-501.
    10. Jeremy Greenwood & Pengfei Han & Juan M. Sanchez, 2017. "Financing Ventures," Working Papers 2017-035, Federal Reserve Bank of St. Louis, revised Nov 2021.
    11. Benjamin Moll & Robert M. Townsend & Victor Zhorin, 2013. "Economic Development, Flow of Funds and the Equilibrium Interaction of Financial Frictions," NBER Working Papers 19618, National Bureau of Economic Research, Inc.
    12. Árpád Ábrahám & Sarolta Laczó, 2018. "Efficient Risk Sharing with Limited Commitment and Storage," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 85(3), pages 1389-1424.
    13. Deniz Aydin, 2015. "The Marginal Propensity to Consume out of Liquidity," Discussion Papers 15-010, Stanford Institute for Economic Policy Research.
    14. Orazio Attanasio & Corina Mommaerts & Costas Meghir, 2015. "Insurance in Extended Family Networks," Cowles Foundation Discussion Papers 1996R, Cowles Foundation for Research in Economics, Yale University, revised Jun 2018.
    15. Ligon, Ethan, 2020. "Estimating Household Welfare from Disaggregate Expenditures," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt3ts0g5tn, Department of Agricultural & Resource Economics, UC Berkeley.
    16. Michael Takudzwa Pasara & Albert Makochekanwa & Steven Henry Dunga, 2021. "The Role of Savings and Credit Cooperatives (SACCOs) on Financial Inclusion in Zimbabwe," Eurasian Journal of Business and Management, Eurasian Publications, vol. 9(1), pages 47-60.
    17. Fan Wang, 2022. "An Empirical Equilibrium Model of Formal and Informal Credit Markets in Developing Countries," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 46, pages 224-243, October.
    18. Karaivanov, Alexander, 2012. "Financial constraints and occupational choice in Thai villages," Journal of Development Economics, Elsevier, vol. 97(2), pages 201-220.
    19. Stefanie Stantcheva, 2017. "Optimal Taxation and Human Capital Policies over the Life Cycle," Journal of Political Economy, University of Chicago Press, vol. 125(6), pages 1931-1990.
    20. Alexander Karaivanov & Benoit Mojon & Luiz Awazu Pereira da Silva & Robert M Townsend, 2023. "Digital safety nets: a roadmap," BIS Papers, Bank for International Settlements, number 139.
    21. Roberto Steri & Lukas Schmid & Boris Nikolov, 2017. "Dynamic Financial Constraints: Which Frictions Matter for Corporate Policies?," 2017 Meeting Papers 630, Society for Economic Dynamics.
    22. Carranza,Eliana & Donald,Aletheia Amalia & Grosset,Florian & Kaur,Supreet, 2022. "The Social Tax : Redistributive Pressure and Labor Supply," Policy Research Working Paper Series 10155, The World Bank.
    23. Ms. Era Dabla-Norris & Yan Ji & Robert M. Townsend & Ms. Filiz D Unsal, 2015. "Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality: A Structural Framework for Policy," IMF Working Papers 2015/022, International Monetary Fund.
    24. Joseph P. Kaboski & Robert M. Townsend, 2011. "A Structural Evaluation of a Large‐Scale Quasi‐Experimental Microfinance Initiative," Econometrica, Econometric Society, vol. 79(5), pages 1357-1406, September.
    25. Mark Dean & Anja Sautmann, 2021. "Credit Constraints and the Measurement of Time Preferences," The Review of Economics and Statistics, MIT Press, vol. 103(1), pages 119-135, March.
    26. Gustavo Joaquim & Bernardus Van Doornik & José Renato Ornelas, 2019. "Bank Competition, Cost of Credit and Economic Activity: evidence from Brazil," Working Papers Series 508, Central Bank of Brazil, Research Department.
    27. Sebastian Dyrda & Benjamin Pugsley, 2018. "Taxes, Regulations of Businesses and Evolution of Income Inequality in the US," 2018 Meeting Papers 318, Society for Economic Dynamics.
    28. Christopher Udry, 2012. "Misallocation, Growth and Financial Market Imperfections," Annual Meeting Plenary 2012-3, Society for Economic Dynamics.
    29. Toni M. Whited, 2022. "Integrating Structural and Reduced-Form Methods in Empirical Finance," Papers 2205.01175, arXiv.org.
    30. Zhipeng Liao & Xiaoxia Shi, 2020. "A nondegenerate Vuong test and post selection confidence intervals for semi/nonparametric models," Quantitative Economics, Econometric Society, vol. 11(3), pages 983-1017, July.
    31. Townsend, Robert & Dabla-Norris, Era & Ji, Yan & Unsal, Filiz, 2017. "Distinguishing Constraints on Financial Inclusion and Their Impact on GDP and Inequality," CEPR Discussion Papers 11742, C.E.P.R. Discussion Papers.
    32. Pierre-André Chiappori & Krislert Samphantharak & Sam Schulhofer-Wohl & Robert M. Townsend, 2011. "Heterogeneity and Risk Sharing in Village Economies," NBER Working Papers 16696, National Bureau of Economic Research, Inc.
    33. Li, Zhimin & Ligon, Ethan, 2020. "Inferring informal risk-sharing regimes: Evidence from rural Tanzania," Journal of Economic Behavior & Organization, Elsevier, vol. 177(C), pages 941-955.
    34. Krislert Samphantharak & Robert Townsend, 2013. "Risk and Return in Village Economies," NBER Working Papers 19738, National Bureau of Economic Research, Inc.
    35. Ji, Yaling, 2020. "Religiosity and the adoption of formal financial services," Economic Modelling, Elsevier, vol. 89(C), pages 378-396.
    36. Tobias Broer & Tessa Bold, 2015. "Risk-Sharing in Village Economies Revisited," 2015 Meeting Papers 1232, Society for Economic Dynamics.
    37. Cao, Shutao & Leung, Danny, 2020. "Credit constraints and productivity of SMEs: Evidence from Canada," Economic Modelling, Elsevier, vol. 88(C), pages 163-180.
    38. Fernando Jaramillo & Juan Daniel Hernandez & Hubert Kempf & Fabien Moizeau & Thomas Vendryes, 2023. "Limited Commitment, Social Control and Risk-Sharing Coalitions in Village Economies," Working Papers hal-04247501, HAL.
    39. Delpierre, Matthieu & Verheyden, Bertrand & Weynants, Stéphanie, 2016. "Is informal risk-sharing less effective for the poor? Risk externalities and moral hazard in mutual insurance," Journal of Development Economics, Elsevier, vol. 118(C), pages 282-297.
    40. Sommarat Chantarat & Atchana Lamsam & Krislert Samphantharak & Bhumjai Tangsawasdirat, 2017. "Thailand's Household Debt through the Lens of Credit Bureau Data: Debt and Delinquency," PIER Discussion Papers 61, Puey Ungphakorn Institute for Economic Research.
    41. Brück, Florian & Fermanian, Jean-David & Min, Aleksey, 2023. "A corrected Clarke test for model selection and beyond," Journal of Econometrics, Elsevier, vol. 235(1), pages 105-132.
    42. John Bailey Jones & Sangeeta Pratap, 2017. "An Estimated Structural Model of Entrepreneurial Behavior," Working Paper 17-7, Federal Reserve Bank of Richmond.
    43. Alexander Karaivanov, 2021. "Blockchains, Collateral and Financial Contracts," Discussion Papers dp21-03, Department of Economics, Simon Fraser University.
    44. Ligon, Ethan & Collins, Elliott, 2017. "Asset Transfers and Household Neediness," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt24t720fk, Department of Agricultural & Resource Economics, UC Berkeley.
    45. Dabla-Norris, Era & Ji, Yan & Townsend, Robert M. & Filiz Unsal, D., 2021. "Distinguishing constraints on financial inclusion and their impact on GDP, TFP, and the distribution of income," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 1-18.

  17. Jonathan Gruber & Nathaniel Hendren & Robert Townsend, 2012. "Demand and Reimbursement Effects of Healthcare Reform: Health Care Utilization and Infant Mortality in Thailand," NBER Working Papers 17739, National Bureau of Economic Research, Inc.

    Cited by:

    1. Moreno-Serra, R & Smith, PC, 2012. "Towards an index of health coverage," Working Papers 10422, Imperial College, London, Imperial College Business School.
    2. Cesur, Resul & Tekin, Erdal & Ulker, Aydogan, 2013. "Air Pollution and Infant Mortality: Evidence from the Expansion of Natural Gas Infrastructure," IZA Discussion Papers 7179, Institute of Labor Economics (IZA).
    3. Midori Matsushima & Hiroyuki Yamada & Yasuharu Shimamura, 2020. "Analysis on demand‐ and supply‐side responses during the expansion of health insurance coverage in Vietnam: Challenges and policy implications toward universal health coverage," Review of Development Economics, Wiley Blackwell, vol. 24(1), pages 144-166, February.
    4. Zhou, Wenhui & Wan, Qiang & Zhang, Ren-Qian, 2017. "Choosing among hospitals in the subsidized health insurance system of China: A sequential game approach," European Journal of Operational Research, Elsevier, vol. 257(2), pages 568-585.
    5. Rutger Daems & Edith Maes, 2014. "Global Pharmaceutical Management: Building a Fair Pricing Policy," Working Papers 2014/05, Maastricht School of Management.
    6. Ghislando, S & Manachotphong, W & Perego, VME, 2013. "The impact of Universal Health Coverage on healthcare consumption and risky behaviours: evidence from Thailand," Working Papers 11200, Imperial College, London, Imperial College Business School.
    7. Kondo, Ayako & Shigeoka, Hitoshi, 2013. "Effects of universal health insurance on health care utilization, and supply-side responses: Evidence from Japan," Journal of Public Economics, Elsevier, vol. 99(C), pages 1-23.

  18. Pierre-André Chiappori & Krislert Samphantharak & Sam Schulhofer-Wohl & Robert M. Townsend, 2011. "Heterogeneity and Risk Sharing in Village Economies," NBER Working Papers 16696, National Bureau of Economic Research, Inc.

    Cited by:

    1. Fernando Jaramillo & Hubert Kempf & Fabien Moizeau, 2015. "Heterogeneity and the formation of risk-sharing coalitions," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01075648, HAL.
    2. Krislert Samphantharak & Robert Townsend, 2016. "Risk and Return in Village Economies," PIER Discussion Papers 27, Puey Ungphakorn Institute for Economic Research.
    3. Mahmud, Mahreen & Riley, Emma, 2021. "Household response to an extreme shock: Evidence on the immediate impact of the Covid-19 lockdown on economic outcomes and well-being in rural Uganda," World Development, Elsevier, vol. 140(C).
    4. Pierre‐André Chiappori & Ju Hyun Kim, 2017. "A note on identifying heterogeneous sharing rules," Quantitative Economics, Econometric Society, vol. 8(1), pages 201-218, March.
    5. Lekfuangfu, Warn N. & Piyapromdee, Suphanit & Porapakkarm, Ponpoje & Wasi, Nada, 2020. "On Covid-19: new implications of job task requirements and spouse's occupational sorting," MPRA Paper 99837, University Library of Munich, Germany.
    6. Weerachart T. Kilenthong & Gabriel A. Madeira, 2017. "Observability and endogenous organizations," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 63(3), pages 587-619, March.
    7. Bulte, Erwin & Wang, Ruixin & Zhang, Xiaobo, 2017. "Forced gifts: The burden of being a friend," IFPRI discussion papers 1615, International Food Policy Research Institute (IFPRI).
    8. Sirikarn Lertamphainont & Robert Sparrow, 2016. "The Economic Impacts of Extreme Rainfall Events on Farming Households: Evidence from Thailand," PIER Discussion Papers 45, Puey Ungphakorn Institute for Economic Research.
    9. Marcel Fafchamps & Aditya Shrinivas, 2022. "Risk Pooling and Precautionary Saving in Village Economies," NBER Working Papers 30128, National Bureau of Economic Research, Inc.
    10. Zheng, Jiakun & Couprie, Helene & Hopfensitz, Astrid, 2022. "Collective risk taking by couples: individual vs household risk," MPRA Paper 116537, University Library of Munich, Germany.
    11. Pierre-Andre Chiappori & Bernard Salanie & Francois Salanie & Amit Gandhi, 2019. "From aggregate betting data to individual risk preferences," Post-Print hal-02121859, HAL.
    12. Renaud Bourlès & Juliette Rouchier, 2012. "Evolving Informal Risk-Sharing Cooperatives and Other-Regarding Preferences," AMSE Working Papers 1243, Aix-Marseille School of Economics, France, revised Dec 2012.
    13. Jeongseok Song & Doojin Ryu, 2018. "Aging effects on consumption risk-sharing channels in European countries," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 36(2), pages 585-617.
    14. C. Rashaad Shabab, 2021. "Local droughts and income risk among Thai households," Review of Development Economics, Wiley Blackwell, vol. 25(4), pages 2084-2112, November.
    15. Victorien Barbet & Renaud Bourlès & Juliette Rouchier, 2020. "Informal risk-sharing cooperatives: the effect of learning and other-regarding preferences," Post-Print hal-02864652, HAL.
    16. Ligon, Ethan, 2020. "Estimating Household Welfare from Disaggregate Expenditures," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt3ts0g5tn, Department of Agricultural & Resource Economics, UC Berkeley.
    17. De Weerdt, Joachim & Hirvonen, Kalle, 2015. "Risk sharing and internal migration," IOB Working Papers 2015.04, Universiteit Antwerpen, Institute of Development Policy (IOB).
    18. Madeira, Gabriel A. & Townsend, Robert M., 2008. "Endogenous groups and dynamic selection in mechanism design," Journal of Economic Theory, Elsevier, vol. 142(1), pages 259-293, September.
    19. Firman Witoelar, 2013. "Risk Sharing within the Extended Family: Evidence from the Indonesia Family Life Survey," Economic Development and Cultural Change, University of Chicago Press, vol. 62(1), pages 65-94.
    20. Putman, Daniel S., 2020. "The Scope of Risk Pooling," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304480, Agricultural and Applied Economics Association.
    21. Kristina Czura & Stefan Klonner, 2018. "Financial Market Responses to a Natural Disaster: Evidence from Local Credit Networks and the Indian Ocean Tsunami," CESifo Working Paper Series 7354, CESifo.
    22. Hillesland, Marya, 2019. "Gender differences in risk behavior: An analysis of asset allocation decisions in Ghana," World Development, Elsevier, vol. 117(C), pages 127-137.
    23. Gang Sun, 2015. "Complete Markets Strikes Back: Is the Reduced-form Measure of Consumption Insurance Reliable?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 18(4), pages 921-930, October.
    24. Elyès Jouini & Clotilde Napp, 2012. "Behavioral biases and the representative agent," Theory and Decision, Springer, vol. 73(1), pages 97-123, July.
    25. Bedru B. Balana & Adebayo Ogunniyi & Motunrayo Oyeyemi & Adetunji Fasoranti & Hyacinth Edeh & Kwaw Andam, 2023. "COVID-19, food insecurity and dietary diversity of households: Survey evidence from Nigeria," Food Security: The Science, Sociology and Economics of Food Production and Access to Food, Springer;The International Society for Plant Pathology, vol. 15(1), pages 219-241, February.
    26. Czura, Kristina & Klonner, Stefan, 2023. "Financial market responses to a natural disaster: Evidence from credit networks and the Indian Ocean tsunami," Journal of Development Economics, Elsevier, vol. 160(C).
    27. Posso, Alberto, 2023. "Terrorism, banking, and informal savings: Evidence from Nigeria," Journal of Banking & Finance, Elsevier, vol. 150(C).
    28. Campos, Rolf, 2013. "Risk-Sharing and Crises. Global Games of Regime Change with Endogenous Wealth," IESE Research Papers D/1064, IESE Business School.
    29. Xiao Yu Wang, 2014. "Risk Sorting, Portfolio Choice, and Endogenous Informal Insurance," NBER Working Papers 20429, National Bureau of Economic Research, Inc.
    30. Alexander Karaivanov & Robert M. Townsend, 2014. "Dynamic Financial Constraints: Distinguishing Mechanism Design From Exogenously Incomplete Regimes," Econometrica, Econometric Society, vol. 82(3), pages 887-959, May.
    31. Fernando Jaramillo & Juan Daniel Hernandez & Hubert Kempf & Fabien Moizeau & Thomas Vendryes, 2023. "Limited Commitment, Social Control and Risk-Sharing Coalitions in Village Economies," Working Papers hal-04247501, HAL.
    32. Srivisal, Narapong & Sanoran, Kanyarat Lek & Bukkavesa, Kanix, 2021. "National culture and saving: How collectivism, uncertainty avoidance, and future orientation play roles," Global Finance Journal, Elsevier, vol. 50(C).
    33. Sun, Gang, 2013. "Complete Markets Strikes Back: Revisiting Risk Sharing Tests under Discount Rate Heterogeneity," SIRE Discussion Papers 2013-96, Scottish Institute for Research in Economics (SIRE).
    34. Shariq Mohammed, A.R., 2019. "Does a good father now have to be rich? Intergenerational income mobility in rural India," Labour Economics, Elsevier, vol. 60(C), pages 99-114.
    35. Stacy Carlson & Ms. Era Dabla-Norris & Mika Saito & Ms. Yu Shi, 2015. "Household Financial Access and Risk Sharing in Nigeria," IMF Working Papers 2015/169, International Monetary Fund.
    36. William Jack & Tavneet Suri, 2014. "Risk Sharing and Transactions Costs: Evidence from Kenya's Mobile Money Revolution," American Economic Review, American Economic Association, vol. 104(1), pages 183-223, January.
    37. Chiappori, Pierre-André & Reny, Philip J., 2016. "Matching to share risk," Theoretical Economics, Econometric Society, vol. 11(1), January.
    38. Melanie Morten, 2016. "Temporary Migration and Endogenous Risk Sharing in Village India," NBER Working Papers 22159, National Bureau of Economic Research, Inc.
    39. Pierre-Andre Chiappori & Krislert Samphantharak & Sam Schulhofer-Wohl & Robert M. Townsend, 2013. "Portfolio choices and risk preferences in village economies," Working Papers 706, Federal Reserve Bank of Minneapolis.

  19. Gine, Xavier & Menand, Lev & Townsend, Robert & Vickery, James, 2010. "Microinsurance : a case study of the Indian rainfall index insurance market," Policy Research Working Paper Series 5459, The World Bank.

    Cited by:

    1. Keiko Fukumori & Ayumi Arai & Tomoya Matsumoto, 2022. "Risk Management for Smallholder Farmers: An Empirical Study on the Adoption of Weather-Index Crop Insurance in Rural Kenya," Working Papers 230, JICA Research Institute.
    2. Farrin, Kathleen M. & Miranda, Mario J., 2013. "Premium Benefits? A Heterogeneous Agent Model of Credit-Linked Index Insurance and Farm Technology Adoption," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 149666, Agricultural and Applied Economics Association.
    3. Lima Miquelluti, Daniel & Ozaki, Vitor & Miquelluti, David J., 2020. "An application of geographically weighted quantile LASSO to weather index insurance design," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304288, Agricultural and Applied Economics Association.
    4. Simplice Asongu & Jacinta Nwachukwu, 2018. "Recent finance advances in information technology for inclusive development: a systematic review," Working Papers of the African Governance and Development Institute. 18/040, African Governance and Development Institute..
    5. Leigh Johnson, 2013. "Index Insurance and the Articulation of Risk-Bearing Subjects," Environment and Planning A, , vol. 45(11), pages 2663-2681, November.
    6. Shawn Cole & Xavier Gine & Jeremy Tobacman & Petia Topalova & Robert Townsend & James Vickery, 2013. "Barriers to Household Risk Management: Evidence from India," American Economic Journal: Applied Economics, American Economic Association, vol. 5(1), pages 104-135, January.
    7. Asongu, Simplice & Nwachukwu, Jacinta, 2017. "Recent finance advances in information technology for inclusive development: a survey," MPRA Paper 79638, University Library of Munich, Germany.
    8. Felipe Kast & Dina Pomeranz, 2014. "Saving More to Borrow Less: Experimental Evidence from Access to Formal Savings Accounts in Chile," NBER Working Papers 20239, National Bureau of Economic Research, Inc.
    9. Shawn Cole & Xavier Gine & James Vickery, 2014. "How does risk management influence production decisions? evidence from a field experiment," Staff Reports 692, Federal Reserve Bank of New York.
    10. Michler, Jeffrey D. & Viens, Frederi G. & Shively, Gerald E., 2015. "Risk, Agricultural Production, and Weather Index Insurance in Village South Asia," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205297, Agricultural and Applied Economics Association.
    11. Farrin, Katie & Miranda, Mario J., 2015. "A heterogeneous agent model of credit-linked index insurance and farm technology adoption," Journal of Development Economics, Elsevier, vol. 116(C), pages 199-211.
    12. Aguilar, Arturo & Vicarelli, Marta, 2022. "El Niño and children: Medium-term effects of early-life weather shocks on cognitive and health outcomes," World Development, Elsevier, vol. 150(C).
    13. Clarke,Daniel Jonathan & Mahul,Olivier & Rao,Kolli Nageswara & Verma,Niraj, 2012. "Weather based crop insurance in India," Policy Research Working Paper Series 5985, The World Bank.
    14. Xu, Lisa & Zia, Bilal, 2012. "Financial literacy around the world : an overview of the evidence with practical suggestions for the way forward," Policy Research Working Paper Series 6107, The World Bank.
    15. Vieider, Ferdinand M. & Truong, Nghi & Martinsson, Peter & Pham Khanh Nam & Martinsson, Peter, 2013. "Risk preferences and development revisited: A field experiment in Vietnam," Discussion Papers, WZB Junior Research Group Risk and Development SP II 2013-403, WZB Berlin Social Science Center.

  20. Alexander Karaivanov & Sonia Ruano & Jesús Saurina & Robert Townsend, 2010. "No bank, one bank, several banks: does it matter for investment?," Working Papers 1003, Banco de España.

    Cited by:

    1. Yu, Y., 2014. "Essays on relationship banking," Other publications TiSEM f3d56b9e-e79e-46c4-bd42-4, Tilburg University, School of Economics and Management.
    2. Claessens, Stijn & Yafeh, Yishay & Ueda, Kenichi, 2010. "Financial Frictions, Investment, and Institutions," CEPR Discussion Papers 8170, C.E.P.R. Discussion Papers.
    3. Claessens, Stijn & Ueda, Kenichi & Yafeh, Yishay, 2014. "Institutions and financial frictions: Estimating with structural restrictions on firm value and investment," Journal of Development Economics, Elsevier, vol. 110(C), pages 107-122.
    4. Steven Ongena & Yuejuan Yu, 2017. "Firm Industry Affiliation and Multiple Bank Relationships," Journal of Financial Services Research, Springer;Western Finance Association, vol. 51(1), pages 1-17, February.
    5. Alexander Karaivanov & Robert M. Townsend, 2014. "Dynamic Financial Constraints: Distinguishing Mechanism Design From Exogenously Incomplete Regimes," Econometrica, Econometric Society, vol. 82(3), pages 887-959, May.

  21. Edward C Prescott & Robert M Townsend, 2010. "Pareto Optima and Competitive Equilibria With Adverse Selection and Moral Hazard," Levine's Working Paper Archive 2069, David K. Levine.

    Cited by:

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    2. Alessandro Fedele & Luca Panaccione, 2020. "Moral hazard and compensation packages: does reshuffling matter?," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 70(1), pages 223-241, July.
    3. Borys Grochulski & Yuzhe Zhang, 2019. "Optimal liquidity policy with shadow banking," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 68(4), pages 967-1015, November.
    4. Weerachart Kilenthong & Robert Townsend, 2016. "A Market Based Solution for Fire Sales and Other Pecuniary Externalities," PIER Discussion Papers 23, Puey Ungphakorn Institute for Economic Research.
    5. di Iasio, Giovanni & Kryczka, Dominika, 2021. "Market failures in market-based finance," Working Paper Series 2545, European Central Bank.
    6. Weerachart Kilenthong & Robert Townsend, 2014. "Segregated Security Exchanges with Ex Ante Rights to Trade: A Market-Based Solution to Collateral-Constrained Externalities," NBER Working Papers 20086, National Bureau of Economic Research, Inc.
    7. A. Citanna & P. Siconolfi, 2016. "Designing insurance markets with moral hazard and nonexclusive contracts," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 62(1), pages 325-360, June.
    8. Corbae, Dean & Marimon, Ramon, 2011. "Introduction to Incompleteness and Uncertainty in Economics," Journal of Economic Theory, Elsevier, vol. 146(3), pages 775-784, May.
    9. Borys Grochulski, 2013. "Pecuniary Externalities, Segregated Exchanges, and Market Liquidity in a Diamond-Dybvig Economy with Retrade," Economic Quarterly, Federal Reserve Bank of Richmond, issue 4Q, pages 305-340.
    10. Park, Jaevin, 2023. "Rights to retrade, free-riding and insurance requirement," Economics Letters, Elsevier, vol. 225(C).
    11. Alessandro Fedele & Luca Panaccione, 2015. "Pay package reshuffling and managerial incentives: A principal-agent analysis," BEMPS - Bozen Economics & Management Paper Series BEMPS28, Faculty of Economics and Management at the Free University of Bozen.
    12. Alex Citanna & Paolo Siconolfi, 2020. "Constrained Efficient Markets For Manipulation Economies," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 61(4), pages 1531-1567, November.

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    2. Annan, Francis & Datta, Bikramaditya, 2022. "Risk, informal institutions, and index insurance," Journal of Environmental Economics and Management, Elsevier, vol. 113(C).
    3. Brick, Kerri & Visser, Martine, 2015. "Risk preferences, technology adoption and insurance uptake: A framed experiment," Journal of Economic Behavior & Organization, Elsevier, vol. 118(C), pages 383-396.
    4. Keiko Fukumori & Ayumi Arai & Tomoya Matsumoto, 2022. "Risk Management for Smallholder Farmers: An Empirical Study on the Adoption of Weather-Index Crop Insurance in Rural Kenya," Working Papers 230, JICA Research Institute.
    5. Elena Serfilippi & Michael Carter & Catherine Guirkinger, 2018. "Insurance Contracts when Individuals “Greatly Value” Certainty: Results from a Field Experiment in Burkina Faso," NBER Working Papers 25026, National Bureau of Economic Research, Inc.
    6. Yingmei Tang & Huifang Cai & Rongmao Liu, 2022. "Will marketing strategies affect farmers’ preferences and willingness to pay for catastrophe insurance? Evidence from a choice experiment in China," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(1), pages 1376-1389, January.
    7. Berg, Erlend & Blake, Michael & Morsink, Karlijn, 2022. "Risk sharing and the demand for insurance: Theory and experimental evidence from Ethiopia," Journal of Economic Behavior & Organization, Elsevier, vol. 195(C), pages 236-256.
    8. Kazushi Takahashi & Yuma Noritomo & Munenobu Ikegami & Nathaniel D. Jensen, 2019. "Understanding Pastoralists’ Dynamic Insurance Uptake Decisions: Evidence from Four-year Panel Data in Ethiopia," GRIPS Discussion Papers 19-22, National Graduate Institute for Policy Studies.
    9. Bauchet, Jonathan & Morduch, Jonathan, 2019. "Paying in pieces: A natural experiment on demand for life insurance under different payment schemes," Journal of Development Economics, Elsevier, vol. 139(C), pages 69-77.
    10. Fischer, Greg & Karlan, Dean & McConnell, Margaret & Raffler, Pia, 2014. "To Charge or Not to Charge: Evidence from a Health Products Experiment in Uganda," Working Papers 133, Yale University, Department of Economics.
    11. Trisha R. Shrum & William R. Travis, 2022. "Experiments in ranching: Rain‐index insurance and investment in production and drought risk management," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 44(3), pages 1513-1533, September.
    12. Elisabeth Beckmann & Christa Hainz & Sarah Reiter, 2022. "Third-Party Loan Guarantees: Measuring Literacy and its Effect on Financial Decisions (Elisabeth Beckmann, Christa Hainz, Sarah Reiter)," Working Papers 237, Oesterreichische Nationalbank (Austrian Central Bank).
    13. Berg, Erland & Ghatak, Maitreesh & Manjula, R & Rajasekhar, D & Roy, Sanchari, 2013. "Motivating Knowledge Agents: Can Incentive Pay Overcome Social Distance," CAGE Online Working Paper Series 134, Competitive Advantage in the Global Economy (CAGE).
    14. Newman, Carol & Tarp, Finn, 2020. "Shocks and agricultural investment decisions," Food Policy, Elsevier, vol. 94(C).
    15. Alain de Janvry & Elisabeth Sadoulet, 2019. "Transforming developing country agriculture: Removing adoption constraints and promoting inclusive value chain development," Working Papers hal-02287668, HAL.
    16. Elisa Cavatorta & David Schröder, 2019. "Measuring ambiguity preferences: A new ambiguity preference survey module," Journal of Risk and Uncertainty, Springer, vol. 58(1), pages 71-100, February.
    17. Gine,Xavier & Jacoby,Hanan G. & Gine,Xavier & Jacoby,Hanan G., 2016. "Markets, contracts, and uncertainty in a groundwater economy," Policy Research Working Paper Series 7694, The World Bank.
    18. Tantri, Prasanna, 2021. "Identifying ever-greening: Evidence using loan-level data," Journal of Banking & Finance, Elsevier, vol. 122(C).
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    20. Cynthia Kinnan & Shing-Yi Wang & Yongxiang Wang, 2015. "Relaxing Migration Constraints for Rural Households," NBER Working Papers 21314, National Bureau of Economic Research, Inc.
    21. Emmanuelle Auriol & Julie Lassébie & Amma Panin & Eva Raiber & Paul Seabright, 2020. "God insures those who pay? Formal insurance and religious offerings in Ghana," Post-Print hal-02872179, HAL.
    22. Guibril Zerbo, 2024. "Disposition à payer pour l’assurance contre les risques naturels: une étude de terrain au Burkina Faso," EconomiX Working Papers 2024-7, University of Paris Nanterre, EconomiX.
    23. Matsuda, Ayako & Kurosaki, Takashi & Sawada, Yasuyuki, 2013. "Rainfall and Temperature Index Insurance in India: Project Documentation," PRIMCED Discussion Paper Series 34, Institute of Economic Research, Hitotsubashi University.
    24. Duru, Maya Joan, 2016. "Too Certain to Invest? Public Safety Nets and Insurance Markets in Ethiopia," World Development, Elsevier, vol. 78(C), pages 37-51.
    25. Boyd, Chris M. & Bellemare, Marc F., 2021. "Why Not Insure Prices? Experimental Evidence from Peru," 2021 Annual Meeting, August 1-3, Austin, Texas 312842, Agricultural and Applied Economics Association.
    26. Ruth Vargas Hill & John Hoddinott & Neha Kumar, 2013. "Adoption of weather-index insurance: learning from willingness to pay among a panel of households in rural Ethiopia," Agricultural Economics, International Association of Agricultural Economists, vol. 44(4-5), pages 385-398, July.
    27. Ahmed Mushfiq Mobarak & Mark Rosenzweig, 2012. "Selling Formal Insurance to the Informally Insured," Working Papers 1007, Economic Growth Center, Yale University.
    28. Van Campenhout, Bjorn & Bizimungu, Emmanuel & Birungi, Dorothy, 2016. "Risk and sustainable crop intensification: The case of smallholder rice and potato farmers in Uganda:," IFPRI discussion papers 1521, International Food Policy Research Institute (IFPRI).
    29. Ward, Patrick S. & Kumar, Neha & De Nicola, Francesca & Hill, Ruth & Makhija, Simrin & Spielman, David J. & Magnan, Nicholas, 2017. "Insuring Against Drought: Evidence on Agricultural Intensification and Demand for Index Insurance from a Randomized Evaluation in Rural Bangladesh," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258090, Agricultural and Applied Economics Association.
    30. Takahashi, Kazushi & Ikegami, Munenobu & Sheahan, Megan & Barrett, Christopher B., 2014. "Quasi-experimental evidence on the drivers of index-based livestock insurance demand in Southern Ethiopia," IDE Discussion Papers 480, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    31. Renuka Sane & Susan Thomas, 2016. "From participation to repurchase: Low-income households and micro-insurance," Working Papers id:11133, eSocialSciences.
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    291. Hill, Ruth Vargas & Kumar, Neha & Magnan, Nicholas & Makhija, Simrin & de Nicola, Francesca & Spielman, David J. & Ward, Patrick S., 2017. "Insuring against droughts: Evidence on agricultural intensification and index insurance demand from a randomized evaluation in rural Bangladesh," IFPRI discussion papers 1630, International Food Policy Research Institute (IFPRI).
    292. Saenz, Mayra A., 2020. "Extreme Weather and Food Security: The Case of Malawi," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304626, Agricultural and Applied Economics Association.
    293. Immanuel Lampe & Daniel Würtenberger, 2019. "Loss Aversion And The Demand For Index Insurance," Working Papers on Finance 1907, University of St. Gallen, School of Finance.
    294. Yu Yan & Michael Faure, 2021. "Government interventions in microinsurance: evidence from China," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 46(3), pages 440-467, July.
    295. Kurosaki, Takashi & Khan, Hidayat Ullah, 2013. "Household Vulnerability to Wild Animal Attacks in Developing Countries: Experimental Evidence from Rural Pakistan," PRIMCED Discussion Paper Series 37, Institute of Economic Research, Hitotsubashi University.
    296. Sayem Ahmed & Mohammad Enamul Hoque & Abdur Razzaque Sarker & Marufa Sultana & Ziaul Islam & Rukhsana Gazi & Jahangir A M Khan, 2016. "Willingness-to-Pay for Community-Based Health Insurance among Informal Workers in Urban Bangladesh," PLOS ONE, Public Library of Science, vol. 11(2), pages 1-16, February.
    297. Hwang, In Do, 2021. "Prospect theory and insurance demand: Empirical evidence on the role of loss aversion," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 95(C).
    298. Beltramo, Theresa & Blalock, Garrick & Levine, David I. & Simons, Andrew M., 2015. "The effect of marketing messages and payment over time on willingness to pay for fuel-efficient cookstoves," Journal of Economic Behavior & Organization, Elsevier, vol. 118(C), pages 333-345.
    299. Michler, Jeffrey & Shively, Gerald, 2016. "Agricultural Production, Weather Variability, and Technical Change: 40 Years of Evidence from Indi," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 236342, Agricultural and Applied Economics Association.
    300. King, Michael & Singh, Anuj Pratap, 2020. "Understanding farmers’ valuation of agricultural insurance: Evidence from Vietnam," Food Policy, Elsevier, vol. 94(C).
    301. Kathryn Vasilaky & Sofía Martínez Sáenz & Radost Stanimirova & Daniel Osgood, 2020. "Perceptions of Farm Size Heterogeneity and Demand for Group Index Insurance," Games, MDPI, vol. 11(1), pages 1-21, March.
    302. Rampini, Adriano A. & Viswanathan, S., 2018. "Financing Insurance," CEPR Discussion Papers 12855, C.E.P.R. Discussion Papers.
    303. Zulekha Ndurukia & Agnes W. Njeru & Esther Waiganjo, 2017. "Factors Influencing Demand for Micro Insurance Services in the Insurance Industry in Kenya," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 7(7), pages 232-259, July.
    304. Antoine Leblois & Philippe Quirion, 2013. "Agricultural insurances based on meteorological indices: realizations, methods and research challenges," Post-Print hal-00656778, HAL.
    305. Adong, Annet & Tinker, James & Levine, David & Mbowa, Swaibu & Odokonyero, Tony, 2020. "Encouraging fertilizer adoption through risk free sales offer: A randomized control trial in Uganda," World Development Perspectives, Elsevier, vol. 19(C).
    306. Nigus, Halefom & Nillesen, Eleonora & Mohnen, Pierre, 2018. "The effect of weather index insurance on social capital: Experimental evidence from Ethiopia," MERIT Working Papers 2018-007, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    307. Cojocaru, Alexandru, 2014. "Prospects of upward mobility and preferences for redistribution: Evidence from the Life in Transition Survey," European Journal of Political Economy, Elsevier, vol. 34(C), pages 300-314.
    308. Antoine Deeb & Cl'ement de Chaisemartin, 2019. "Clustering and External Validity in Randomized Controlled Trials," Papers 1912.01052, arXiv.org, revised Dec 2022.
    309. Maolong Chen & Chaoran Hu & Robert J. Myers, 2022. "Understanding transient technology use among smallholder farmers in Africa: A dynamic programming approach," Agricultural Economics, International Association of Agricultural Economists, vol. 53(S1), pages 91-107, November.
    310. Uddin, Mohammed Ahmar, 2017. "Microinsurance in India: Insurance literacy and demand," Business and Economic Horizons (BEH), Prague Development Center (PRADEC), vol. 13(2).
    311. Corcos, Anne & Montmarquette, Claude & Pannequin, François, 2020. "How the demand for insurance became behavioral," Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 590-595.
    312. Dougherty, John P. & Flatnes, Jon Einar & Gallenstein, Richard A. & Miranda, Mario J. & Sam, Abdoul G., 2020. "Climate change and index insurance demand: Evidence from a framed field experiment in Tanzania," Journal of Economic Behavior & Organization, Elsevier, vol. 175(C), pages 155-184.
    313. Mishra, K., 2018. "You are Approved! Insured Loans Improve Credit Access and Technology Adoption of Ghanaian Farmers," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277089, International Association of Agricultural Economists.
    314. Aurélien Baillon & Owen O'Donnell & Stella Quimbo & Kim van Wilgenburg, 2022. "Do time preferences explain low health insurance take‐up?," Post-Print halshs-03908423, HAL.
    315. Joshua Munkombwe & Jackson Phiri & Enock Siankwilimba, 2022. "Financial Innovation among Smallholder Farmers: Enhancing the uptake of Weather Index Insurance through a Pragmatic Approach," Journal of Social Sciences Advancement, Science Impact Publishers, vol. 3(1), pages 01-19.
    316. Vieider, Ferdinand M. & Truong, Nghi & Martinsson, Peter & Pham Khanh Nam & Martinsson, Peter, 2013. "Risk preferences and development revisited: A field experiment in Vietnam," Discussion Papers, WZB Junior Research Group Risk and Development SP II 2013-403, WZB Berlin Social Science Center.
    317. Shukkri AHMED & Craig MCINTOSH & Alexandros SARRIS, 2017. "The Impact of Commercial Rainfall Index Insurance: Experimental Evidence from Ethiopia," Working Papers 4288, FERDI.
    318. Budhathoki, Nanda Kaji & Lassa, Jonatan A. & Pun, Sirish & Zander, Kerstin K., 2019. "Farmers’ interest and willingness-to-pay for index-based crop insurance in the lowlands of Nepal," Land Use Policy, Elsevier, vol. 85(C), pages 1-10.
    319. Stefan Dercon, 2011. "Social Protection, Efficiency and Growth," CSAE Working Paper Series 2011-17, Centre for the Study of African Economies, University of Oxford.
    320. Bhattacharya, Haimanti & Osgood, Daniel E., 2014. "Weather Index Insurance and Common Property Resources," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 0, pages 1-13.
    321. Anghileri, Daniela & Bozzini, Veronica & Molnar, Peter & Jamali, Andrew A.J. & Sheffield, Justin, 2022. "Comparison of hydrological and vegetation remote sensing datasets as proxies for rainfed maize yield in Malawi," Agricultural Water Management, Elsevier, vol. 262(C).
    322. Stein, Daniel, 2014. "Dynamics of demand for rainfall index insurance : evidence from a commercial product in India," Policy Research Working Paper Series 7035, The World Bank.
    323. Würtenberger, Daniel, 2019. "Index Based Insurance in Developing Countries: Rational Neglect?," EconStor Preprints 206408, ZBW - Leibniz Information Centre for Economics.
    324. Carol Newman & Finn Tarp, 2018. "Risk and investment: Evidence from rural Vietnam," WIDER Working Paper Series wp-2018-122, World Institute for Development Economic Research (UNU-WIDER).
    325. Guilherme Lichand & Anandi Mani, 2020. "Cognitive droughts," ECON - Working Papers 341, Department of Economics - University of Zurich.
    326. Khuu Thi Phuong Dong & Phan Dinh Khoi & Phan Hong Nhung & Nguyen Thanh Binh & Tran Thi Hanh Phuc, 2022. "Factors Affecting Risk Attitude of Rice Farmers: Evidence from Vietnam’s Mekong Delta," JRFM, MDPI, vol. 15(7), pages 1-12, June.
    327. Visser, Martine & Jumare, Hafsah & Brick, Kerri, 2020. "Risk preferences and poverty traps in the uptake of credit and insurance amongst small-scale farmers in South Africa," Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 826-836.
    328. Kenneth W. Sibiko & Matin Qaim, 2020. "Weather index insurance, agricultural input use, and crop productivity in Kenya," Food Security: The Science, Sociology and Economics of Food Production and Access to Food, Springer;The International Society for Plant Pathology, vol. 12(1), pages 151-167, February.
    329. Alexandre Marcellesi & Nancy Cartwright, 2013. "Modeling climate mitigation and adaptation policies to predict their effectiveness: The limits of randomized controlled trials," GRI Working Papers 120, Grantham Research Institute on Climate Change and the Environment.
    330. Pratap S. Birthal & Jaweriah Hazrana & Digvijay S. Negi, 2021. "Effectiveness of Farmers’ Risk Management Strategies in Smallholder Agriculture: Evidence from India," Climatic Change, Springer, vol. 169(3), pages 1-35, December.
    331. Hirfrfot, Kibrom & Barrett, Christopher B. & Lentz, Erin C. & Taddesse, Birhanu, 2014. "The Subjective Well-being Effects of Imperfect Insurance that Doesn’t Pay Out," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 173478, Agricultural and Applied Economics Association.
    332. Ahsan Jansson, Cecilia & Patil, Vikram & Vecci, Joe & Chellattan Veettil , Prakashan & Yashodha, Yashodha, 2023. "Locus of Control and Economic Decision-Making: A Field Experiment in Odisha, India," Working Papers in Economics 833, University of Gothenburg, Department of Economics.
    333. Eric Le Fur & J. François Outreville, 2021. "Real Options and Reduction of Basic Risk of Index‐Based Climate Agricultural Insurance," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(4), pages 1658-1671, December.
    334. Bokusheva, Raushan, 2014. "Improving the Effectiveness of Weather-based Insurance: An Application of Copula Approach," MPRA Paper 62339, University Library of Munich, Germany.
    335. Wouter Zant, 2022. "Two Birds with One Stone: Technology Adoption and Market Participation through Protection against Crop Failure," Tinbergen Institute Discussion Papers 22-091/V, Tinbergen Institute.
    336. Elabed, Ghada & Carter, Michael R., 2013. "Basis Risk and Compound-Risk Aversion: Evidence from a WTP Experiment in Mali," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150353, Agricultural and Applied Economics Association.

  24. Robert M. Townsend & Joseph P. Kaboski, 2009. "A Structural Evaluation of a Large-Scale Quasi-Experimental Microfinance Initiative," 2009 Meeting Papers 717, Society for Economic Dynamics.

    Cited by:

    1. Boonperm, Jirawan & Haughton, Jonathan & Khandker, Shahidur R. & Rukumnuaykit, Pungpond, 2012. "Appraising the Thailand village fund," Policy Research Working Paper Series 5998, The World Bank.
    2. Rahimi, Lutfi, 2015. "Does microfinance elevate poverty? Does family size matter in the provision of microcredit? Evidence from a randomised evaluation," MPRA Paper 73906, University Library of Munich, Germany.
    3. Daniel LaFave & Duncan Thomas, 2014. "Farms, Families, and Markets: New Evidence on Completeness of Markets in Agricultural Settings," NBER Working Papers 20699, National Bureau of Economic Research, Inc.
    4. Emily Breza & Cynthia Kinnan, 2018. "Measuring the Equilibrium Impacts of Credit: Evidence from the Indian Microfinance Crisis," NBER Working Papers 24329, National Bureau of Economic Research, Inc.
    5. Diego Vera-Cossio, 2022. "Targeting Credit through Community Members," Journal of the European Economic Association, European Economic Association, vol. 20(2), pages 778-821.
    6. Cynthia Kinnan & Shing-Yi Wang & Yongxiang Wang, 2015. "Relaxing Migration Constraints for Rural Households," NBER Working Papers 21314, National Bureau of Economic Research, Inc.
    7. Jeremy Bowles & Benjamin Marx, 2022. "Turnover and Accountability in Africa's Parliaments," SciencePo Working papers Main hal-03873800, HAL.
    8. N'dri, Lasme Mathieu & Kakinaka, Makoto, 2020. "Financial inclusion, mobile money, and individual welfare: The case of Burkina Faso," Telecommunications Policy, Elsevier, vol. 44(3).
    9. Michael Christian Lehman, 2014. "Long-Run Effects Of Conditional Cash Transfers," Anais do XLI Encontro Nacional de Economia [Proceedings of the 41st Brazilian Economics Meeting] 223, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    10. Fulford, Scott L., 2015. "The surprisingly low importance of income uncertainty for precaution," European Economic Review, Elsevier, vol. 79(C), pages 151-171.
    11. Yan Ji, 2017. "Job Search under Debt: Aggregate Implications of Student Loans," 2017 Meeting Papers 222, Society for Economic Dynamics.
    12. Laston Petro Manja & Isatou A. Badjie, 2022. "The Welfare Effects of Formal and Informal Financial Access in the Gambia: A Comparative Assessment," SAGE Open, , vol. 12(1), pages 21582440221, March.
    13. Shenoy, Ajay, 2015. "Market Failures and Misallocation," Santa Cruz Department of Economics, Working Paper Series qt8m27w1r7, Department of Economics, UC Santa Cruz.
    14. Abhijit Banerjee & Emily Breza & Esther Duflo & Cynthia Kinnan, 2019. "Can Microfinance Unlock a Poverty Trap for Some Entrepreneurs?," Discussion Papers Series, Department of Economics, Tufts University 0832, Department of Economics, Tufts University.
    15. Thorsten Beck & Haki Pamuk & Burak R. Uras, 2017. "Entrepreneurial Saving Practices and Reinvestment: Theory and Evidence," Review of Development Economics, Wiley Blackwell, vol. 21(4), pages 1205-1228, November.
    16. Scott L. Fulford, 2020. "Demand for emergency savings is higher for low-income households, but so is the cost of shocks," Empirical Economics, Springer, vol. 58(6), pages 3007-3033, June.
    17. Lee, K. & Linton, O. & Whang, Y-J., 2020. "Testing for Time Stochastic Dominance," Cambridge Working Papers in Economics 20121, Faculty of Economics, University of Cambridge.
    18. Singh, Nirvikar, 2018. "Financial Inclusion: Concepts, Issues and Policies for India," MPRA Paper 91047, University Library of Munich, Germany.
    19. Granda, Catalina & Hamann, Franz & Rud, Juan Pablo, 2017. "Credit and Saving Constraints in General Equilibrium: Evidence from Survey Data," IDB Publications (Working Papers) 8283, Inter-American Development Bank.
    20. Rema Hanna & Vivi Alatas & Abhijit Banerjee & Benjamin A. Olken & Ririn Purnamasari & Matthew Wai-Poi & Christian Daude, 2012. "Ordeal Mechanisms in Targeting: Theory and Evidence from a Field Experiment in Indonesia," CID Working Papers 254, Center for International Development at Harvard University.
    21. Deniz Aydin, 2015. "The Marginal Propensity to Consume out of Liquidity," Discussion Papers 15-010, Stanford Institute for Economic Policy Research.
    22. Pushkar Maitra & Sandip Mitra & Dilip Mookherjee & Alberto Motta & Sujata Visaria, 2014. "Financing Smallholder Agriculture: An Experiment with Agent-Intermediated Microloans in India," Monash Economics Working Papers 35-14, Monash University, Department of Economics.
    23. Aggarwal, Shilpa & Klapper, Leora & Singer, Dorothe, 2012. "Financing businesses in Africa : the role of microfinance," Policy Research Working Paper Series 5975, The World Bank.
    24. Tincani, Michela M. & Kosse, Fabian & Miglino, Enrico, 2022. "The Effect of Preferential Admissions on the College Participation of Disadvantaged Students: The Role of Pre-College Choices," Rationality and Competition Discussion Paper Series 342, CRC TRR 190 Rationality and Competition.
    25. Joseph-Simon Görlach, 2021. "Borrowing Constraints and the Dynamics of Return and Repeat Migrations," RF Berlin - CReAM Discussion Paper Series 2129, Rockwool Foundation Berlin (RF Berlin) - Centre for Research and Analysis of Migration (CReAM).
    26. Hamish Low & Costas Meghir, 2017. "The Use of Structural Models in Econometrics," Journal of Economic Perspectives, American Economic Association, vol. 31(2), pages 33-58, Spring.
    27. Alem, Mauro & Townsend, Robert M., 2014. "An evaluation of financial institutions: Impact on consumption and investment using panel data and the theory of risk-bearing," Journal of Econometrics, Elsevier, vol. 183(1), pages 91-103.
    28. Bryan, Gharad & Chowdhury, Shyamal & Mobarak Mushfiq, Ahmed, 2014. "Underinvestment in a profitable technology: the case of seasonal migration in Bangladesh," LSE Research Online Documents on Economics 60152, London School of Economics and Political Science, LSE Library.
    29. Nicola Limodio, 2015. "The Development Impact of Financial Regulation: Evidence from Ethiopia and Antebellum USA," 2015 Meeting Papers 355, Society for Economic Dynamics.
    30. David Lagakos & Mushfiq Mobarak & Michael Waugh, 2018. "The Welfare Effects of Encouraging Rural-Urban Migration," Working Papers 2018-002, Human Capital and Economic Opportunity Working Group.
    31. Jesse M. Cunha & Giacomo De Giorgi & Seema Jayachandran, 2015. "The price effects of cash versus in-kind transfers," Staff Reports 735, Federal Reserve Bank of New York.
    32. Hartarska, Valentina M. & Zhang, Jingfang & Nadolnyak, Denis A., 2023. "Scope Economies from Rural and Urban Microfinance Services," 2023 Annual Meeting, July 23-25, Washington D.C. 335439, Agricultural and Applied Economics Association.
    33. Abhijit Banerjee & Esther Duflo & Rachel Glennerster & Cynthia Kinnan, 2015. "The Miracle of Microfinance? Evidence from a Randomized Evaluation," American Economic Journal: Applied Economics, American Economic Association, vol. 7(1), pages 22-53, January.
    34. Britta Augsburg & Ralph De Haas & Heike Harmgart & Costas Meghir, 2012. "The Impacts of Microcredit: Evidence from Bosnia and Herzegovina," NBER Working Papers 18538, National Bureau of Economic Research, Inc.
    35. Shah, Manisha & Millett Steinberg, Bryce, 2015. "Workfare and Human Capital Investment: Evidence from India," IZA Discussion Papers 9486, Institute of Labor Economics (IZA).
    36. Jonathan Argent & Britta Augsburg & Imran Rasul, 2013. "Livestock asset transfers with and without training: evidence from Rwanda," IFS Working Papers W13/23, Institute for Fiscal Studies.
    37. Meager, Rachael, 2022. "Aggregating distributional treatment effects: a Bayesian hierarchical analysis of the microcredit literature," LSE Research Online Documents on Economics 115559, London School of Economics and Political Science, LSE Library.
    38. Comola, Margherita & Prina, Silvia, 2014. "Do Interventions Change the Network? A Panel Peer-Effect Model Accounting for Endogenous Network Changes," IZA Discussion Papers 8641, Institute of Labor Economics (IZA).
    39. Cariappa, A. G. Adeeth & Sendhil, R, 2021. "Does Institutional Credit Induce on-Farm Investments? Evidence from India," 2021 Conference, August 17-31, 2021, Virtual 315221, International Association of Agricultural Economists.
    40. Tohari, Achmad & Parsons, Christopher & Rammohan, Anu, 2021. "Capital Fundamentalism and Structural Transformation," IZA Discussion Papers 14444, Institute of Labor Economics (IZA).
    41. Mekonnen, Tigist, 2017. "Financing rural households and its impact: Evidence from randomized field experiment data," MERIT Working Papers 2017-009, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    42. Scott Fulford & Scott Schuh, 2020. "Credit Cards, Credit Utilization, and Consumption," Working Papers 19-07, Department of Economics, West Virginia University.
    43. Christopher Blattman & Eric P. Green & Julian C. Jamison & M. Christian Lehmann & Jeannie Annan, 2015. "The Returns to Microenterprise Support Among the Ultra-Poor: A Field Experiment in Post-War Uganda," NBER Working Papers 21310, National Bureau of Economic Research, Inc.
    44. Mark Dean & Anja Sautmann, 2014. "Credit Constraints and the Measurement of Time Preferences," Working Papers 2014-1, Brown University, Department of Economics.
    45. Christopher Udry, 2012. "Misallocation, Growth and Financial Market Imperfections," Annual Meeting Plenary 2012-3, Society for Economic Dynamics.
    46. Orazio Attanasio & Britta Augsburg & Ralph De Haas & Emla Fitzsimons & Heike Harmgart, 2011. "Group lending or individual lending? Evidence from a randomised field experiment in Mongolia," IFS Working Papers W11/20, Institute for Fiscal Studies.
    47. Dalton, Patricio & Pamuk, H. & Ramrattan, R. & van Soest, Daan & Uras, Burak, 2019. "Transparency and Financial Inclusion : Experimental Evidence from Mobile Money (revision of CentER DP 2018-042)," Other publications TiSEM 98cf0741-8e78-4bba-a270-4, Tilburg University, School of Economics and Management.
    48. Tenzin Yindok & Alexander Karaivanov, 2016. "Involuntary Entrepreneurship - Evidence from Thai Urban Data," 2016 Meeting Papers 598, Society for Economic Dynamics.
    49. Yan Ji & Songyuan Teng & Robert Townsend, 2021. "Dynamic Bank Expansion: Spatial Growth, Financial Access, and Inequality," NBER Working Papers 28582, National Bureau of Economic Research, Inc.
    50. Christian Ahlin, 2020. "Group lending, matching patterns, and the mystery of microcredit: Evidence from Thailand," Quantitative Economics, Econometric Society, vol. 11(2), pages 713-759, May.
    51. Deininger, Klaus & Liu, Yanyan, 2013. "Economic and Social Impacts of an Innovative Self-Help Group Model in India," World Development, Elsevier, vol. 43(C), pages 149-163.
    52. Müller, Daniel, 2013. "A General Equilibrium Analysis of Inflation and Microfinance in Developing Countries," Working papers 2013/06, Faculty of Business and Economics - University of Basel.
    53. Jonathan Gruber & Nathaniel Hendren & Robert Townsend, 2012. "Demand and Reimbursement Effects of Healthcare Reform: Health Care Utilization and Infant Mortality in Thailand," NBER Working Papers 17739, National Bureau of Economic Research, Inc.
    54. Kim Huynh & Robert Petrunia & Joel Rodrigue & Walter Steingress, 2023. "Exporting and Investment Under Credit Constraints," Staff Working Papers 23-10, Bank of Canada.
    55. Jia, Xiangping & Xiang, Cheng & Huang, Jikun, 2013. "Microfinance, self-employment, and entrepreneurs in less developed areas of rural China," China Economic Review, Elsevier, vol. 27(C), pages 94-103.
    56. Brian McCaig & Nina Pavcnik, 2021. "Entry and Exit of Informal Firms and Development," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 69(3), pages 540-575, September.
    57. Tincani, Michela M. & Kosse, Fabian & Miglino, Enrico, 2022. "The Effect of Preferential Admissions on the College Participation of Disadvantaged Students: The Role of Pre-College Choices," IZA Discussion Papers 15633, Institute of Labor Economics (IZA).
    58. Scott L. Fulford & Scott Schuh, 2017. "Credit card utilization and consumption over the life cycle and business cycle," Working Papers 17-14, Federal Reserve Bank of Boston.
    59. Chichaibelu, Bezawit Beyene & Waibel, Hermann, 2017. "Borrowing from “Pui” to Pay “Pom”: Multiple Borrowing and Over-Indebtedness in Rural Thailand," World Development, Elsevier, vol. 98(C), pages 338-350.
    60. Pere Arqué-castells & Elisabet Viladecans-Marsal, 2016. "Banking the unbanked: Evidence from the Spanish Banking Expansion Plan," Working Papers 2016/24, Institut d'Economia de Barcelona (IEB).
    61. Shabab, Chowdhury Rashaad, 2017. "Risk and inequality in rural Thailand," Economics PhD Theses 0817, Department of Economics, University of Sussex Business School.
    62. Bazzi, Samuel & Sumarto, Sudarno & Suryahadi, Asep, 2015. "It's all in the timing: Cash transfers and consumption smoothing in a developing country," Journal of Economic Behavior & Organization, Elsevier, vol. 119(C), pages 267-288.
    63. Beck, T.H.L. & Pamuk, H. & Uras, R.B., 2014. "Entrepreneurial Saving Practices and Business Investment : Theory and Evidence from Tanzanian MSEs," Other publications TiSEM b2b04b64-d3cf-4c78-9bbe-0, Tilburg University, School of Economics and Management.
    64. Emran, M. Shahe & Morshed, A.K.M Mahbub & Stiglitz, Joseph E., 2011. "Microfinance and Missing Markets," MPRA Paper 41451, University Library of Munich, Germany.
    65. Fulford, Scott L., 2013. "The effects of financial development in the short and long run: Theory and evidence from India," Journal of Development Economics, Elsevier, vol. 104(C), pages 56-72.
    66. Michela Maria Tincani & Fabian Kosse & Enrico Miglino, 2022. "The Effect of Preferential Admissions on the College Participation of Disadvantaged Students: The Role of Pre-College Choices," CESifo Working Paper Series 10020, CESifo.
    67. Shahidur R. Khandker & M.A. Baqui Khalily & Hussain A. Samad, 2016. "Beyond Ending Poverty," World Bank Publications - Books, The World Bank Group, number 24669, December.
    68. Chichaibelu, Bezawit Beyene & Waibel, Hermann, 2018. "Over-indebtedness and its persistence in rural households in Thailand and Vietnam," Journal of Asian Economics, Elsevier, vol. 56(C), pages 1-23.
    69. Mathilde Maîtrot & Miguel Niño-Zarazúa, 2017. "Poverty and wellbeing impacts of microfinance: What do we know?," WIDER Working Paper Series wp-2017-190, World Institute for Development Economic Research (UNU-WIDER).
    70. Augsburg, B. & de Haas, R. & Harmgart, H. & Meghir, C., 2013. "Microfinance and Poverty Alleviation," Discussion Paper 2013-075, Tilburg University, Center for Economic Research.
    71. McKenzie, David, 2011. "How can we learn whether firm policies are working in africa ? challenges (and solutions?) for experiments and structural models," Policy Research Working Paper Series 5632, The World Bank.

  25. Robert M. Townsend & Alexander Karaivanov, 2008. "Enterprise Dynamics and Finance: Distinguishing Mechanism Design from Exogenously Incomplete Markets Models," 2008 Meeting Papers 846, Society for Economic Dynamics.

    Cited by:

    1. Sonia Ruano & Robert M. Townsend & Jesus Saurina & Alexander Karaivanov, 2010. "No Bank, One Bank, Several Banks: Does It Matter for Investment?," 2010 Meeting Papers 669, Society for Economic Dynamics.
    2. Tessa Bold, 2009. "Implications of Endogenous Group Formation for Efficient Risk‐Sharing," Economic Journal, Royal Economic Society, vol. 119(536), pages 562-591, March.

  26. Kilenthong, Weerachart & Townsend, Robert, 2007. "Market Based, Segregated Exchanges with Default Risk," MPRA Paper 20724, University Library of Munich, Germany, revised 12 Nov 2009.

    Cited by:

    1. GOTTARDI, Piero & KUBLER, Felix, 2012. "Dynamic Competitive Economies with Complete Markets and Collateral Constraints," Economics Working Papers ECO2012/17, European University Institute.
    2. Kilenthong, Weerachart T. & Townsend, Robert M., 2011. "Information-constrained optima with retrading: An externality and its market-based solution," Journal of Economic Theory, Elsevier, vol. 146(3), pages 1042-1077, May.
    3. Weerachart Kilenthong, 2011. "Collateral premia and risk sharing under limited commitment," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 46(3), pages 475-501, April.
    4. Dan Vu Cao, 2010. "Collateral Shortages, Asset Price And Investment Volatility With Heterogeneous Beliefs," 2010 Meeting Papers 1233, Society for Economic Dynamics.
    5. Weerachart Kilenthong & Robert Townsend, 2014. "Segregated Security Exchanges with Ex Ante Rights to Trade: A Market-Based Solution to Collateral-Constrained Externalities," NBER Working Papers 20086, National Bureau of Economic Research, Inc.

  27. Gine, Xavier & Townsend, Robert & Vickery, James, 2007. "Statistical analysis of rainfall insurance payouts in southern India," Policy Research Working Paper Series 4426, The World Bank.

    Cited by:

    1. Shawn Cole & Xavier Gine & Jeremy Tobacman & Petia Topalova & Robert Townsend & James Vickery, 2013. "Barriers to Household Risk Management: Evidence from India," American Economic Journal: Applied Economics, American Economic Association, vol. 5(1), pages 104-135, January.
    2. Ahmed Mushfiq Mobarak & Mark Rosenzweig, 2012. "Selling Formal Insurance to the Informally Insured," Working Papers 1007, Economic Growth Center, Yale University.
    3. Sommarat CHANTARAT & Kirk PANNANGPETCH & Nattapong PUTTANAPONG & Thanasin TANOMPONGHANDH, 2013. "Index-Based Risk Financing and Development of Natural Disaster Insurance Programs in Developing Asian Countries," Working Papers DP-2013-09, Economic Research Institute for ASEAN and East Asia (ERIA).
    4. Fuchs Tarlovsky,Alan & Wolff,Hendrik, 2016. "Drought and retribution : evidence from a large-scale rainfall-indexed insurance program in Mexico," Policy Research Working Paper Series 7565, The World Bank.
    5. Barnett, Barry J. & Barrett, Christopher B. & Skees, Jerry R., 2008. "Poverty Traps and Index-Based Risk Transfer Products," World Development, Elsevier, vol. 36(10), pages 1766-1785, October.
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  30. Hyeok Jeong & Robert M. Townsend, 2005. "Discovering the Sources of TFP Growth: Occupational Choice and Financial Deepening," IEPR Working Papers 05.19, Institute of Economic Policy Research (IEPR).

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    8. Jonathan Temple & Ludger Wößmann, 2006. "Dualism and cross-country growth regressions," ifo Working Paper Series 33, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
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    1. Kilenthong, Weerachart & Townsend, Robert, 2007. "Market Based, Segregated Exchanges with Default Risk," MPRA Paper 20724, University Library of Munich, Germany, revised 12 Nov 2009.
    2. Weerachart Kilenthong & Robert Townsend, 2016. "A Market Based Solution for Fire Sales and Other Pecuniary Externalities," PIER Discussion Papers 23, Puey Ungphakorn Institute for Economic Research.
    3. Anil K. Jain & Robert M. Townsend, 2021. "The economics of platforms in a Walrasian framework," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(3), pages 877-924, April.
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  32. Hyeok Jeong & Robert M. Townsend, 2005. "Sources of TFP Growth: Occupational Choice and Financial Deepening," IEPR Working Papers 05.28, Institute of Economic Policy Research (IEPR), revised May 2005.

    Cited by:

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    79. Hugo A. Hopenhayn, 2011. "Firm Microstructure and Aggregate Productivity," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(s1), pages 111-145, August.
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    Cited by:

    1. Mauricio A. Grotz, 2020. "Productividad total de los factores: revisión conceptual y tendencias en la literatura," Asociación Argentina de Economía Política: Working Papers 4353, Asociación Argentina de Economía Política.
    2. Hakan Berument & N. Nergiz Dincer & Zafer Mustafaoglu, 2011. "Total factor productivity and macroeconomic instability," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 20(5), pages 605-629, September.
    3. Bohacek, Radim, 2007. "Financial intermediation with credit constrained agents," Journal of Macroeconomics, Elsevier, vol. 29(4), pages 741-759, December.

  34. Gine, Xavier & Townsend, Robert M., 2003. "Evaluation of financial liberalization : a general equilibrium model with constrained occupation choice," Policy Research Working Paper Series 3014, The World Bank.

    Cited by:

    1. Seven, Unal & Kilinc, Dilara & Coskun, Yener, 2017. "Does Credit Composition Have Asymmetric Effects on Income Inequality?," MPRA Paper 82104, University Library of Munich, Germany.
    2. Alfred Hannig & Stefan Jansen, 2010. "Financial Inclusion and Financial Stability : Current Policy Issues," Finance Working Papers 23124, East Asian Bureau of Economic Research.
    3. Francisco J. Buera & Yongseok Shin, 2013. "Financial Frictions and the Persistence of History: A Quantitative Exploration," Journal of Political Economy, University of Chicago Press, vol. 121(2), pages 221-272.
    4. Yang, Xiaolan & Huang, Yidong & Gao, Mei, 2022. "Can digital financial inclusion promote female entrepreneurship? Evidence and mechanisms," The North American Journal of Economics and Finance, Elsevier, vol. 63(C).
    5. Anna L. Paulson & Robert M. Townsend, 2003. "Distinguishing limited commitment from moral hazard in models of growth with inequality," Working Paper Series WP-03-06, Federal Reserve Bank of Chicago.
    6. Francesco Caselli & Nicola Gennaioli, 2013. "Dynastic Management," Economic Inquiry, Western Economic Association International, vol. 51(1), pages 971-996, January.
    7. Pierluigi Murro & Valentina Peruzzi, 2018. "Cooperative banks and income inequality: Evidence from Italian provinces," Working Papers 481, ECINEQ, Society for the Study of Economic Inequality.
    8. Minetti, Raoul & Murro, Pierluigi & Peruzzi, Valentina, 2019. "One size does not fit all. Cooperative banking and income inequality," Working Papers 2019-10, Michigan State University, Department of Economics.
    9. Christian Ahlin & Hyeok Jeong, 2021. "A conditional Gini: measure, estimation, and application," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 19(2), pages 363-384, June.
    10. Bandiera, Oriana & Burgess, Robin & Das, Narayan & Gulesci, Selim & Rasul, Imran & Sulaiman, Munshi, 2013. "Can Basic Entrepreneurship Transform the Economic Lives of the Poor?," IZA Discussion Papers 7386, Institute of Labor Economics (IZA).
    11. Novat Pugo Sambodo & Riswanti Budi Sekaringsih & Meikha Azzani & Esa Assyahid, 2016. "Indonesian Muslim Household Financial Inclusion Profile: Evidence from IFLS4 and IFLS5 Panel Data," Universitas Gadjah Mada Working Papers on Islamic Economics and Finance 2017007, Universitas Gadjah Mada, Faculty of Economics and Business.
    12. Gine, Xavier & Mansuri, Ghazala, 2014. "Money or ideas ? a field experiment on constraints to entrepreneurship in rural Pakistan," Policy Research Working Paper Series 6959, The World Bank.
    13. Kartashova, Katya, 2018. "Improving public equity markets? No pain, no gain," Economics Letters, Elsevier, vol. 162(C), pages 69-72.
    14. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2015. "Entrepreneurship and Financial Frictions: A Macro-Development Perspective," NBER Working Papers 21107, National Bureau of Economic Research, Inc.
    15. Adolfo Elizondo Saltos & David Flores-Ruiz & María de la O Barroso González, 2021. "Applying Social Networks in the Management of Sustainable Tourist Destinations: An Analysis of Spanish Tourist Destinations," Land, MDPI, vol. 10(11), pages 1-16, October.
    16. Alexandra D'Onofrio & Pierluigi Murro, 2013. "Local banking development and income distribution across Italian provinces," Working Papers CASMEF 1307, Dipartimento di Economia e Finanza, LUISS Guido Carli.
    17. Ghulam Rasool Madni & Awais Anwar, 2021. "Meditation for level of institutional quality to combat income inequality through financial development," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(2), pages 2766-2775, April.
    18. Marco Pagano & Giovanni Pica, 2011. "Finance and Employment," CSEF Working Papers 283, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    19. Paula Bustos & Gabriel Garber & Jacopo Ponticelli, 2020. "Capital Accumulation and Structural Transformation [“Capital Deepening and Nonbalanced Economic Growth”]," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 135(2), pages 1037-1094.
    20. Julia Fonseca & Adrien Matray, 2022. "Financial Inclusion, Economic Development, and Inequality: Evidence from Brazil," Working Papers 308, Princeton University, Department of Economics, Center for Economic Policy Studies..
    21. Beck, T.H.L. & Munzele Maimbo, S. & Faye, I. & Triki, T., 2011. "Financing Africa : Through the crisis and beyond," Other publications TiSEM 334b6bd2-a7a6-47d5-be82-3, Tilburg University, School of Economics and Management.
    22. Álvaro Aguirre, 2011. "Contracting Institutions and Economic Growth," Working Papers Central Bank of Chile 643, Central Bank of Chile.
    23. Anna L. Paulson & Robert M. Townsend & Alexander Karaivanov, 2006. "Distinguishing Limited Liability from Moral Hazard in a Model of Entrepreneurship," Journal of Political Economy, University of Chicago Press, vol. 114(1), pages 100-144, February.
    24. Jeong, Hyeok, 2008. "Assessment Of Relationship Between Growth And Inequality: Micro Evidence From Thailand," Macroeconomic Dynamics, Cambridge University Press, vol. 12(S2), pages 155-197, September.
    25. Jialu Liu, 2011. "Human capital, migration and rural entrepreneurship in China," Indian Growth and Development Review, Emerald Group Publishing Limited, vol. 4(2), pages 100-122, September.
    26. Coulibaly, Aïssata & Yogo, Urbain Thierry, 2020. "The path to shared prosperity: Leveraging financial services outreach to create decent jobs in developing countries," Economic Modelling, Elsevier, vol. 87(C), pages 131-147.
    27. Beck, T.H.L., 2011. "The Role of Finance in Economic Development : Benefits, Risks, and Politics," Other publications TiSEM f9c81fe6-f2cd-4fa7-b598-e, Tilburg University, School of Economics and Management.
    28. Thorsten Beck, 2013. "Finance, growth and fragility: the role of government," International Journal of Banking, Accounting and Finance, Inderscience Enterprises Ltd, vol. 5(1/2), pages 49-77.
    29. Asli Demirgüç-Kunt & Ross Levine, 2009. "Finance and Inequality: Theory and Evidence," Annual Review of Financial Economics, Annual Reviews, vol. 1(1), pages 287-318, November.
    30. C. Rashaad Shabab, 2021. "Local droughts and income risk among Thai households," Review of Development Economics, Wiley Blackwell, vol. 25(4), pages 2084-2112, November.
    31. Tausch, Arno, 2016. "‘Smart development’. An essay on a new political economy of the environment," MPRA Paper 70204, University Library of Munich, Germany.
    32. Healy, Andrew J. & Jitsuchon, Somchai, 2007. "Finding the poor in Thailand," Journal of Asian Economics, Elsevier, vol. 18(5), pages 739-759, October.
    33. Valev, Neven & Buyukkarabacak, Berrak & Beck, Thorsten & Rioja, Felix, 2009. "Who Gets the Credit? And Does It Matter? Household vs. Firm Lending across Countries," CEPR Discussion Papers 7400, C.E.P.R. Discussion Papers.
    34. Beck, T.H.L. & Homanen, M. & Uras, Burak, 2016. "Finance and Demand for Skill : Evidence from Uganda," Discussion Paper 2016-014, Tilburg University, Center for Economic Research.
    35. Eric W. Bond & James Tybout & Hale Utar, 2015. "Credit Rationing, Risk Aversion, And Industrial Evolution In Developing Countries," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 56(3), pages 695-722, August.
    36. Thorsten Beck & Asli Demirgüç-Kunt, 2008. "Access to Finance: An Unfinished Agenda," The World Bank Economic Review, World Bank, vol. 22(3), pages 383-396, November.
    37. Tausch, Arno & Heshmati, Almas, 2011. "Migration, Openness and the Global Preconditions of 'Smart Development'," IZA Discussion Papers 6169, Institute of Labor Economics (IZA).
    38. Yongseok Shin & Joseph P. Kaboski & Francisco J. Buera, 2011. "Macroeconomics of Microfinance," 2011 Meeting Papers 545, Society for Economic Dynamics.
    39. Atul MEHTA & Joysankar BHATTACHARYA, 2018. "Financial sector development and the poor in developing countries: revisiting the access to finance channel," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(3(616), A), pages 153-168, Autumn.
    40. Fan Wang, 2022. "An Empirical Equilibrium Model of Formal and Informal Credit Markets in Developing Countries," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 46, pages 224-243, October.
    41. Karaivanov, Alexander, 2012. "Financial constraints and occupational choice in Thai villages," Journal of Development Economics, Elsevier, vol. 97(2), pages 201-220.
    42. Robert M. Townsend & Kenichi Ueda, 2010. "Welfare Gains From Financial Liberalization," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 51(3), pages 553-597, August.
    43. Giné, Xavier, 2011. "Access to capital in rural Thailand: An estimated model of formal vs. informal credit," Journal of Development Economics, Elsevier, vol. 96(1), pages 16-29, September.
    44. Xinxin Zhao & Zongjun Wang & Min Deng, 2019. "Interest Rate Marketization, Financing Constraints and R&D Investments: Evidence from China," Sustainability, MDPI, vol. 11(8), pages 1-17, April.
    45. Gine, Xavier & Townsend, Robert M., 2003. "Evaluation of financial liberalization : a general equilibrium model with constrained occupation choice," Policy Research Working Paper Series 3014, The World Bank.
    46. Guanchun Liu & Yuanyuan Liu & Chengsi Zhang, 2017. "Financial Development, Financial Structure and Income Inequality in China," The World Economy, Wiley Blackwell, vol. 40(9), pages 1890-1917, September.
    47. Victor Aguirregabiria & Robert Clark & Hui Wang, 2019. "The Geographic Flow of Bank Funding and Access to Credit: Branch Networks, Local Synergies, and Competition," Working Papers tecipa-639, University of Toronto, Department of Economics.
    48. Bohacek, Radim, 2007. "Financial intermediation with credit constrained agents," Journal of Macroeconomics, Elsevier, vol. 29(4), pages 741-759, December.
    49. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2011. "Finance and Development: A Tale of Two Sectors," American Economic Review, American Economic Association, vol. 101(5), pages 1964-2002, August.
    50. Kim, Dong-Hyeon & Lin, Shu-Chin, 2011. "Nonlinearity in the financial developmentâincome inequality nexus," Journal of Comparative Economics, Elsevier, vol. 39(3), pages 310-325, September.
    51. Ms. Era Dabla-Norris & Yan Ji & Robert M. Townsend & Ms. Filiz D Unsal, 2015. "Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality: A Structural Framework for Policy," IMF Working Papers 2015/022, International Monetary Fund.
    52. Abhijit Banerjee & Esther Duflo & Rachel Glennerster & Cynthia Kinnan, 2015. "The Miracle of Microfinance? Evidence from a Randomized Evaluation," American Economic Journal: Applied Economics, American Economic Association, vol. 7(1), pages 22-53, January.
    53. Joseph P. Kaboski & Robert M. Townsend, 2011. "A Structural Evaluation of a Large‐Scale Quasi‐Experimental Microfinance Initiative," Econometrica, Econometric Society, vol. 79(5), pages 1357-1406, September.
    54. von Fintel, Dieter & Orthofer, Anna, 2020. "Wealth inequality and financial inclusion: Evidence from South African tax and survey records," Economic Modelling, Elsevier, vol. 91(C), pages 568-578.
    55. Aïssata Coulibaly & Urbain Thierry Yogo, 2016. "Access to Financial Services and Working Poverty in Developing Countries," Working Papers halshs-01403001, HAL.
    56. Radim Bohacek & Hugo Rodríguez Mendizábal, "undated". "Misallocation of Capital in a Model of Endogenous Financial Intermediation and Insurance," Working Papers 543, Barcelona School of Economics.
    57. Marti Mestieri & Johanna Schauer & Robert Townsend, 2017. "Human Capital Acquisition and Occupational Choice: Implications for Economic Development," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 25, pages 151-186, April.
    58. Weerachart T. Kilenthong & Kittipong Rueanthip, 2018. "Entrepreneurship and family businesses in Thailand," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 32(1), pages 77-93, May.
    59. Robert Clark & Hui Wang & Victor Aguirregabiria, 2017. "The Geographic Flow Of Bank Funding And Access To Credit: Branch Networks And Local-market Competition," Working Paper 1402, Economics Department, Queen's University.
    60. Joseph P. Kaboski & Robert M. Townsend, 2012. "The Impact of Credit on Village Economies," American Economic Journal: Applied Economics, American Economic Association, vol. 4(2), pages 98-133, April.
    61. Masino, Serena & Niño-Zarazúa, Miguel, 2014. "Social service delivery and access to financial innovation. The impact of Oportunidades’ electronic payment system in Mexico," MPRA Paper 53430, University Library of Munich, Germany.
    62. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2016. "Taking Stock of the Evidence on Micro-Financial Interventions," NBER Working Papers 22674, National Bureau of Economic Research, Inc.
    63. Jie Li & Han Yu, 2014. "Income inequality and financial reform in Asia: the role of human capital," Applied Economics, Taylor & Francis Journals, vol. 46(24), pages 2920-2935, August.
    64. del Río, Fernando & Lores, Francisco-Xavier, 2023. "Accounting for Spanish economic development 1850-2019," MPRA Paper 116025, University Library of Munich, Germany.
    65. Qiusha Peng, 2019. "Financial Frictions, Entry and Growth: A Study of China," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 34, pages 267-282, October.
    66. Amadéo Spadaro & François Bourguignon, 2006. "Microsimulation as a Tool for Evaluating Redistribution Policies," Post-Print halshs-00754162, HAL.
    67. Isaac Mwangi & Rosemary Atieno, 2018. "Impact of Financial Inclusion on Consumption Expenditure in Kenya," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 10(5), pages 114-128, May.
    68. Assunção, Juliano, 2013. "Eliminating entry barriers for the provision of banking services: Evidence from ‘banking correspondents’ in Brazil," Journal of Banking & Finance, Elsevier, vol. 37(8), pages 2806-2811.
    69. Helen Shahriari & Alexander M. Danzer & Renee Giovarelli & Asyl Undeland, 2009. "Improving Women’s Access to Land and Financial Resources in Tajikistan," World Bank Publications - Reports 25981, The World Bank Group.
    70. Townsend, Robert & Dabla-Norris, Era & Ji, Yan & Unsal, Filiz, 2017. "Distinguishing Constraints on Financial Inclusion and Their Impact on GDP and Inequality," CEPR Discussion Papers 11742, C.E.P.R. Discussion Papers.
    71. Alexander Karaivanov, 2003. "Financial Contracts and Occupational Choice," Computing in Economics and Finance 2003 25, Society for Computational Economics.
    72. Raoul Minetti & Pierluigi Murro & Valentina Peruzzi, 2021. "Not All Banks Are Equal: Cooperative Banking And Income Inequality," Economic Inquiry, Western Economic Association International, vol. 59(1), pages 420-440, January.
    73. Gine, Xavier, 2005. "Access to capital in rural Thailand : an estimated model of formal versus informal credit," Policy Research Working Paper Series 3502, The World Bank.
    74. Zhuang, Juzhong & Gunatilake, Herath & Niimi, Yoko & Ehsan Khan, Muhammad & Jiang, Yi & Hasan, Rana & Khor, Niny & S. Lagman-Martin, Anneli & Bracey, Pamela & Huang, Biao, 2009. "Financial Sector Development, Economic Growth, and Poverty Reduction: A Literature Review," ADB Economics Working Paper Series 173, Asian Development Bank.
    75. Yan Ji & Songyuan Teng & Robert Townsend, 2021. "Dynamic Bank Expansion: Spatial Growth, Financial Access, and Inequality," NBER Working Papers 28582, National Bureau of Economic Research, Inc.
    76. Beck, Thorsten & Ayyagari, Meghana, 2013. "Finance and Poverty: Evidence from India," CEPR Discussion Papers 9497, C.E.P.R. Discussion Papers.
    77. Ünal Seven & Dilara Kilinc & Yener Coskun, 2018. "Does Credit Composition have Asymmetric Effects on Income Inequality? New Evidence from Panel Data," IJFS, MDPI, vol. 6(4), pages 1-15, September.
    78. Kpodar, Kangni & Singh, Raju Jan, 2011. "Does financial structure matter for poverty ? evidence from developing countries," Policy Research Working Paper Series 5915, The World Bank.
    79. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2014. "Macro-perspective on Asset Grants Programs: Occupational and Wealth Mobility," American Economic Review, American Economic Association, vol. 104(5), pages 159-164, May.
    80. Paula Bustos & Gabriel Garber & Jacopo Ponticelli, 2016. "Capital Allocation Across Sectors: Evidence from a Boom in Agriculture," Working Papers Series 414, Central Bank of Brazil, Research Department.
    81. Fareeha Adil & Rabia Nazir, 2023. "Firms Financial Inclusion and Export Performance: Evidence from Manufacturing Sector Firms in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 62(3), pages 409-430.
    82. Klachkova, O. & Solonina, D., 2022. "The impact of financial development on income inequality in the Russian regions," Journal of the New Economic Association, New Economic Association, vol. 54(2), pages 94-110.
    83. Hannig, Alfred & Jansen, Stefan, 2010. "Financial Inclusion and Financial Stability: Current Policy Issues," ADBI Working Papers 259, Asian Development Bank Institute.
    84. Noncedo, Langwenya Nomfundo, 2019. "The relationship between financial inclusion and agricultural development in Southern Africa Development Community (SADC)," Research Theses 334772, Collaborative Masters Program in Agricultural and Applied Economics.
    85. Yilmaz Bayar, 2016. "Impact of Openness and Economic Freedom on Economic Growth in the Transition Economies of the European Union," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 14(1), pages 7-19.
    86. Nguimkeu, Pierre, 2014. "A structural econometric analysis of the informal sector heterogeneity," Journal of Development Economics, Elsevier, vol. 107(C), pages 175-191.
    87. Thang Bach & Charles Harvie & Thanh Le, 2021. "How credit constraints affect small and medium enterprises' strategic employment decisions and employees' labour outcomes: Evidence from Vietnam1," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 29(2), pages 319-341, April.
    88. Vincenzo Quadrini, 2009. "Entrepreneurship in macroeconomics," Annals of Finance, Springer, vol. 5(3), pages 295-311, June.
    89. Amit Pandey & Ravi Kiran & Rakesh Kumar Sharma, 2022. "Investigating the Impact of Financial Inclusion Drivers, Financial Literacy and Financial Initiatives in Fostering Sustainable Growth in North India," Sustainability, MDPI, vol. 14(17), pages 1-21, September.
    90. Ayyagari, Meghana & Beck, Thorsten & Hoseini, Mohammad, 2020. "Finance, law and poverty: Evidence from India," Journal of Corporate Finance, Elsevier, vol. 60(C).
    91. Scott Fulford, 2010. "The effects of financial development in the short and long run," Boston College Working Papers in Economics 741, Boston College Department of Economics, revised 31 May 2011.
    92. Ms. Corinne C Delechat & Ms. Monique Newiak & Rui Xu & Mr. Fan Yang & Goksu Aslan, 2018. "What is Driving Women’s Financial Inclusion Across Countries?," IMF Working Papers 2018/038, International Monetary Fund.
    93. D’Onofrio, Alexandra & Minetti, Raoul & Murro, Pierluigi, 2019. "Banking development, socioeconomic structure and income inequality," Journal of Economic Behavior & Organization, Elsevier, vol. 157(C), pages 428-451.
    94. del Río, Fernando & Lores, Francisco-Xavier, 2023. "Accounting for spanish economic development 1850–2019," Economic Modelling, Elsevier, vol. 121(C).
    95. Ando, Sakai & Matsumura, Misaki, 2020. "Constrained inefficiency of competitive entrepreneurship," Journal of Mathematical Economics, Elsevier, vol. 88(C), pages 98-103.
    96. Weerachart Kilenthong & Kittipong Rueanthip, 2016. "The Impact of Family Business Apprenticeship on Entrepreneurship and Survival of Small Businesses: Evidence from Thailand," PIER Discussion Papers 34, Puey Ungphakorn Institute for Economic Research.
    97. Archawa Paweenawat & Robert Townsend, 2019. "The Impact of Regional Isolationism: Disentangling Real and Financial Factors," PIER Discussion Papers 109, Puey Ungphakorn Institute for Economic Research.
    98. Thorsten Beck & Asli Demirgüç-Kunt & Patrick Honohan, 2009. "Access to Financial Services: Measurement, Impact, and Policies," The World Bank Research Observer, World Bank, vol. 24(1), pages 119-145, February.
    99. Shabab, Chowdhury Rashaad, 2017. "Risk and inequality in rural Thailand," Economics PhD Theses 0817, Department of Economics, University of Sussex Business School.
    100. Fulford, Scott L., 2013. "The effects of financial development in the short and long run: Theory and evidence from India," Journal of Development Economics, Elsevier, vol. 104(C), pages 56-72.
    101. Pasali, Selahattin Selsah, 2013. "Where is the cheese ? synthesizing a giant literature on causes and consequences of financial sector development," Policy Research Working Paper Series 6655, The World Bank.
    102. Ilias Anthopoulos & Christos N.Pitelis, "undated". "The Nature, Performance, Economic Impact and Regulation of Investment Banking," Working papers wpaper137, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    103. Zhorin, Victor & Stef-Praun, Tiberiu, 2008. "Grid-enabled estimation of structural economic models," MPRA Paper 11384, University Library of Munich, Germany.
    104. Beck, T.H.L., 2008. "Financial Systems and Economic Development : What Have we Learned?," Other publications TiSEM 40833c09-83c6-447d-a32b-e, Tilburg University, School of Economics and Management.
    105. Antonia Grohmann & Steffen Herbold & Friederike Lenel, 2020. "Repayment under Flexible Loan Contracts: Evidence from Tanzania," Discussion Papers of DIW Berlin 1884, DIW Berlin, German Institute for Economic Research.
    106. Sheng Xu & Michael Asiedu & Nana Adwoa Anokye Effah, 2023. "Inclusive Finance, Gender Inequality, and Sustainable Economic Growth in Africa," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(4), pages 4866-4902, December.
    107. Dabla-Norris, Era & Ji, Yan & Townsend, Robert M. & Filiz Unsal, D., 2021. "Distinguishing constraints on financial inclusion and their impact on GDP, TFP, and the distribution of income," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 1-18.

  35. Edward Simpson Prescott & Robert M. Townsend, 2003. "Mechanism design and assignment models," Working Paper 03-09, Federal Reserve Bank of Richmond.

    Cited by:

    1. Emanuela Ciapanna, 2011. "Directed matching with endogenous Markov probability: clients or competitors?," RAND Journal of Economics, RAND Corporation, vol. 42(1), pages 92-120, March.

  36. Anna L. Paulson & Robert M. Townsend, 2003. "Distinguishing limited commitment from moral hazard in models of growth with inequality," Working Paper Series WP-03-06, Federal Reserve Bank of Chicago.

    Cited by:

    1. Conning, Jonathan & Udry, Christopher R., 2005. "Rural Financial Markets in Developing Countries," Center Discussion Papers 28458, Yale University, Economic Growth Center.

  37. Hyeok Jeong & Robert M. Townsend, 2003. "Growth and Inequality: Model Evaluation Based on an Estimation-Calibration Strategy," IEPR Working Papers 05.10, Institute of Economic Policy Research (IEPR).

    Cited by:

    1. Francisco J. Buera & Yongseok Shin, 2013. "Financial Frictions and the Persistence of History: A Quantitative Exploration," Journal of Political Economy, University of Chicago Press, vol. 121(2), pages 221-272.
    2. Conning, Jonathan & Udry, Christopher R., 2005. "Rural Financial Markets in Developing Countries," Center Discussion Papers 28458, Yale University, Economic Growth Center.
    3. Christian Ahlin & Hyeok Jeong, 2021. "A conditional Gini: measure, estimation, and application," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 19(2), pages 363-384, June.
    4. Bandiera, Oriana & Burgess, Robin & Das, Narayan & Gulesci, Selim & Rasul, Imran & Sulaiman, Munshi, 2013. "Can Basic Entrepreneurship Transform the Economic Lives of the Poor?," IZA Discussion Papers 7386, Institute of Labor Economics (IZA).
    5. Temple, Jonathan & Satchi, Mathan, 2006. "Growth and Labour Markets in Developing Countries," CEPR Discussion Papers 5515, C.E.P.R. Discussion Papers.
    6. Hyeok Jeong & Robert M. Townsend, 2005. "Sources of TFP Growth: Occupational Choice and Financial Deepening," IEPR Working Papers 05.28, Institute of Economic Policy Research (IEPR), revised May 2005.
    7. Paula Bustos & Gabriel Garber & Jacopo Ponticelli, 2020. "Capital Accumulation and Structural Transformation [“Capital Deepening and Nonbalanced Economic Growth”]," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 135(2), pages 1037-1094.
    8. Jeong, Hyeok, 2008. "Assessment Of Relationship Between Growth And Inequality: Micro Evidence From Thailand," Macroeconomic Dynamics, Cambridge University Press, vol. 12(S2), pages 155-197, September.
    9. Asli Demirgüç-Kunt & Ross Levine, 2009. "Finance and Inequality: Theory and Evidence," Annual Review of Financial Economics, Annual Reviews, vol. 1(1), pages 287-318, November.
    10. Alem, Mauro & Townsend, Robert M., 2014. "An evaluation of financial institutions: Impact on consumption and investment using panel data and the theory of risk-bearing," Journal of Econometrics, Elsevier, vol. 183(1), pages 91-103.
    11. Constantin Anghelache & Aurelian DIACONU & Andreea Ioana MARINESCU & Marius POPOVICI, 2016. "Comparative study of the evolution of the Gross Domestic Product indicator," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(12), pages 165-172, December.
    12. Robert M. Townsend & Hyeok Jeong, 2004. "Discovering the Sources of TFP Growth: Occupation Choice, Capital Heterogeneity, and Financial Deepening," Econometric Society 2004 North American Summer Meetings 405, Econometric Society.
    13. Robert M. Townsend & Kenichi Ueda, 2010. "Welfare Gains From Financial Liberalization," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 51(3), pages 553-597, August.
    14. Kim, Dong-Hyeon & Lin, Shu-Chin, 2011. "Nonlinearity in the financial developmentâincome inequality nexus," Journal of Comparative Economics, Elsevier, vol. 39(3), pages 310-325, September.
    15. Ms. Era Dabla-Norris & Yan Ji & Robert M. Townsend & Ms. Filiz D Unsal, 2015. "Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality: A Structural Framework for Policy," IMF Working Papers 2015/022, International Monetary Fund.
    16. Joseph P. Kaboski & Robert M. Townsend, 2012. "The Impact of Credit on Village Economies," American Economic Journal: Applied Economics, American Economic Association, vol. 4(2), pages 98-133, April.
    17. Christopher Udry, 2012. "Misallocation, Growth and Financial Market Imperfections," Annual Meeting Plenary 2012-3, Society for Economic Dynamics.
    18. del Río, Fernando & Lores, Francisco-Xavier, 2023. "Accounting for Spanish economic development 1850-2019," MPRA Paper 116025, University Library of Munich, Germany.
    19. Townsend, Robert & Dabla-Norris, Era & Ji, Yan & Unsal, Filiz, 2017. "Distinguishing Constraints on Financial Inclusion and Their Impact on GDP and Inequality," CEPR Discussion Papers 11742, C.E.P.R. Discussion Papers.
    20. Corti Paul Lakuma & Robert Marty & Fred Muhumuza, 2019. "Financial inclusion and micro, small, and medium enterprises (MSMEs) growth in Uganda," Journal of Innovation and Entrepreneurship, Springer, vol. 8(1), pages 1-20, December.
    21. Yan Ji & Songyuan Teng & Robert Townsend, 2021. "Dynamic Bank Expansion: Spatial Growth, Financial Access, and Inequality," NBER Working Papers 28582, National Bureau of Economic Research, Inc.
    22. Paula Bustos & Gabriel Garber & Jacopo Ponticelli, 2016. "Capital Allocation Across Sectors: Evidence from a Boom in Agriculture," Working Papers Series 414, Central Bank of Brazil, Research Department.
    23. Ugo Panizza, 2013. "Guest Workers: Financial Development and Economic Growth: Known Knowns, Known Unknowns, and Unknown Unknowns," IHEID Working Papers 13-2013, Economics Section, The Graduate Institute of International Studies.
    24. Carolyn Chisadza & Mduduzi Biyase, 2023. "Financial Development and Income Inequality: Evidence From Advanced, Emerging and Developing Economies," Annals of Financial Economics (AFE), World Scientific Publishing Co. Pte. Ltd., vol. 18(01), pages 1-27, March.
    25. del Río, Fernando & Lores, Francisco-Xavier, 2023. "Accounting for spanish economic development 1850–2019," Economic Modelling, Elsevier, vol. 121(C).
    26. Archawa Paweenawat & Robert Townsend, 2019. "The Impact of Regional Isolationism: Disentangling Real and Financial Factors," PIER Discussion Papers 109, Puey Ungphakorn Institute for Economic Research.
    27. Zhorin, Victor & Stef-Praun, Tiberiu, 2008. "Grid-enabled estimation of structural economic models," MPRA Paper 11384, University Library of Munich, Germany.
    28. Felipe Diniz, 2005. "Contructing A Broader Measure Of Welfare Incorporating The Access To Public Goods," Anais do XXXIII Encontro Nacional de Economia [Proceedings of the 33rd Brazilian Economics Meeting] 045, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    29. Dabla-Norris, Era & Ji, Yan & Townsend, Robert M. & Filiz Unsal, D., 2021. "Distinguishing constraints on financial inclusion and their impact on GDP, TFP, and the distribution of income," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 1-18.

  38. Christian Ahlin & Robert Townsend, 2003. "Selection into and across Credit Contracts: Theory and Field Research," Vanderbilt University Department of Economics Working Papers 0323, Vanderbilt University Department of Economics.

    Cited by:

    1. Kuersten, Wolfgang & Linde, Rainer, 2011. "Corporate hedging versus risk-shifting in financially constrained firms: The time-horizon matters!," Journal of Corporate Finance, Elsevier, vol. 17(3), pages 502-525, June.
    2. Weerachart T. Kilenthong & Gabriel A. Madeira, 2017. "Observability and endogenous organizations," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 63(3), pages 587-619, March.
    3. Ahlin, Christian & Debrah, Godwin, 2022. "Group lending with covariate risk," Journal of Development Economics, Elsevier, vol. 157(C).
    4. Ashok Rai & Stefan Klonner, 2007. "Adverse Selection in Credit Markets: Evidence from a Policy Experiment," Center for Development Economics 2007-01, Department of Economics, Williams College.
    5. Lehner, Maria, 2008. "Group versus Individual Lending in Microfinance," Discussion Papers in Economics 7486, University of Munich, Department of Economics.
    6. Madeira, Gabriel A. & Townsend, Robert M., 2008. "Endogenous groups and dynamic selection in mechanism design," Journal of Economic Theory, Elsevier, vol. 142(1), pages 259-293, September.
    7. Christian Ahlin, 2010. "Matching for Credit: Risk and Diversification in Thai Microcredit Groups," Working Papers id:2588, eSocialSciences.
    8. Somanathan, Rohini & Baland, Jean-Marie & Wahhaj, Zaki, 2011. "Repayment incentives and the distribution of gains from group lending," CEPR Discussion Papers 8197, C.E.P.R. Discussion Papers.
    9. Steven B. Caudill & Daniel M. Gropper & Valentina Hartarska, 2009. "Which Microfinance Institutions Are Becoming More Cost Effective with Time? Evidence from a Mixture Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(4), pages 651-672, June.
    10. Kürsten, Wolfgang, 2013. "35 Jahre Jensen/Meckling und das Missverständnis um die (wahre) Zielfunktion der Aktionäre – Finanzierungstheoretisches Plädoyer zur Eignung der Principal-Agent-Theorie für die Lösung von Problemen de," Die Unternehmung - Swiss Journal of Business Research and Practice, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 67(1), pages 8-22.
    11. Lehner, Maria, 2009. "Group Lending versus Individual Lending in Microfinance," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 299, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    12. Kundu, AMIT & MITRA, SURANJANA, 2009. "Determinants Influencing a Rural Household's Preference to Join Individual Liability or Joint Liability Micro Credit Contract Operated by Primary Aagricultural Credit Society," MPRA Paper 21784, University Library of Munich, Germany, revised 10 Oct 2009.
    13. , & Madestam, Andreas & Stryjan, Miri & Ahlin, Christian, 2018. "Loan Contract Structure and Adverse Selection: Survey Evidence from Uganda," CEPR Discussion Papers 12742, C.E.P.R. Discussion Papers.
    14. Katzur, Tomek & Lensink, Robert, 2012. "Group lending with correlated project outcomes," Economics Letters, Elsevier, vol. 117(2), pages 445-447.
    15. Christian Ahlin & Neville Jiang, 2005. "Can Micro-Credit Bring Development?," Vanderbilt University Department of Economics Working Papers 05019, Vanderbilt University Department of Economics.
    16. Madajewicz, Malgosia, 2011. "Joint liability versus individual liability in credit contracts," Journal of Economic Behavior & Organization, Elsevier, vol. 77(2), pages 107-123, February.
    17. Karaivanov, Alexander & Xing, Xiaochuan & Xue, Yi, 2020. "Bogus joint liability groups in microfinance," European Economic Review, Elsevier, vol. 122(C).
    18. Tanmoyee Banerjee & Malabika Roy & Chandralekha Ghosh, 2010. "Does Political Identity Matter in Rural Borrowing? Evidence from a Field Survey," Journal of South Asian Development, , vol. 5(1), pages 137-163, April.
    19. Bahar Rezaei & Sriram Dasu & Reza Ahmadi, 2017. "Optimal Group Size in Joint Liability Contracts," Decision Analysis, INFORMS, vol. 14(3), pages 204-225, September.
    20. Archawa Paweenawat, 2022. "Relative Performance Contracts versus Group Contracts with Hidden Savings," PIER Discussion Papers 176, Puey Ungphakorn Institute for Economic Research.
    21. Belissa, Temesgen & Bulte, Erwin & Cecchi, Francesco & Gangopadhyay, Shubhashis & Lensink, Robert, 2019. "Liquidity constraints, informal institutions, and the adoption of weather insurance: A randomized controlled Trial in Ethiopia," Journal of Development Economics, Elsevier, vol. 140(C), pages 269-278.
    22. Weerachart Kilenthong, 2015. "Observability and Endogenous Organizations," PIER Discussion Papers 13, Puey Ungphakorn Institute for Economic Research.
    23. Khandker, Shahidur R., 2012. "Grameen bank lending : does group liability matter ?," Policy Research Working Paper Series 6204, The World Bank.

  39. Matthias Doepke & Robert M. Townsend, 2002. "Dynamic Mecanism Design with Hidden Income and Hidden Actions: Technical Appendix," UCLA Economics Working Papers 819, UCLA Department of Economics.

    Cited by:

    1. Doepke, Matthias & Townsend, Robert M., 2006. "Dynamic mechanism design with hidden income and hidden actions," Journal of Economic Theory, Elsevier, vol. 126(1), pages 235-285, January.

  40. Matthias Doepke & Robert M. Townsend, 2002. "Dynamic Mechanism Design With Hidden Income and Hidden Actions," UCLA Economics Working Papers 818, UCLA Department of Economics.

    Cited by:

    1. Roozbeh Hosseini & Larry E. Jones & Ali Shourideh, 2009. "Risk sharing, inequality, and fertility," Working Papers 674, Federal Reserve Bank of Minneapolis.
    2. Marcus Berliant & John Ledyard, 2004. "Optimal Dynamic Nonlinear Income Taxes with No Commitment," Public Economics 0403004, University Library of Munich, Germany, revised 13 Aug 2005.
    3. Guo, Yingni & Hörner, Johannes, 2015. "Dynamic Mechanisms without Money," Economics Series 310, Institute for Advanced Studies.
    4. Johannes Horner & Larry Samuelson, 2009. "Incentives for Experimenting Agents," Cowles Foundation Discussion Papers 1726R, Cowles Foundation for Research in Economics, Yale University, revised Feb 2012.
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    1. Anna L. Paulson & Robert M. Townsend, 2003. "Distinguishing limited commitment from moral hazard in models of growth with inequality," Working Paper Series WP-03-06, Federal Reserve Bank of Chicago.
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    9. Sommarat Chantarat & Chayanee Chawanote & Lathaporn Ratanavararak & Chonnakan Rittinon & Boontida Sa-ngimnet & Narongrit Adultananusak, 2023. "Financial Lives and the Vicious Cycle of Debt among Thai Agricultural Households," PIER Discussion Papers 204, Puey Ungphakorn Institute for Economic Research.
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    93. Ahlin, Christian, 2015. "The role of group size in group lending," Journal of Development Economics, Elsevier, vol. 115(C), pages 140-155.
    94. Hubert Tchakoute Tchuigoua, 2023. "Loan officer gender and loan repayment performance. Evidence from greenfield microfinance institutions in Cameroon1," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 94(2), pages 519-548, June.
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    97. Habibu Sani & Shazida Jan Mohd-Khan & Mohd Saifoul Zamzuri Noor, 2018. "Microfinance training and the number of loans received by SMEs. An empirical evidence from emerging economy," Business and Economic Horizons (BEH), Prague Development Center, vol. 14(2), pages 326-341, April.
    98. Tchakoute-Tchuigoua, Hubert, 2012. "Active risk management and loan contract terms: Evidence from rated microfinance institutions," The Quarterly Review of Economics and Finance, Elsevier, vol. 52(4), pages 427-437.
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  42. Daniel Aaronson & Paul Huck & Robert M. Townsend, 2000. "Small-business access to trade credit: some evidence of ethnic differences," Consumer and Community Affairs Policy Studies 2000-2, Federal Reserve Bank of Chicago.

    Cited by:

    1. Andrew Van Hulten & Abdullahi D. Ahmed, 2013. "Migrant Entrepreneurs' Access To Business Finance In Australia," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 18(01), pages 1-22.

  43. Edward Simpson Prescott & Robert M. Townsend, 2000. "Firms as clubs in Walrasian markets with private information," Working Paper 00-08, Federal Reserve Bank of Richmond.

    Cited by:

    1. Weerachart T. Kilenthong & Robert M. Townsend, 2014. "A Market Based Solution to Price Externalities: A Generalized Framework," NBER Working Papers 20275, National Bureau of Economic Research, Inc.
    2. Alex Citanna & Paolo Siconolfi, 2022. "An incentive efficient market for mechanisms in large Akerlof economies," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 73(1), pages 1-54, February.
    3. Laurent Lamy & Philippe Jehiel, 2018. "A mechanism design approach to the Tiebout Hypothesis," PSE-Ecole d'économie de Paris (Postprint) hal-01688318, HAL.
    4. David Kelsey & Frank Milne, 2006. "Externalities, monopoly and the objective function of the firm," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 29(3), pages 565-589, November.
    5. Alberto Bisin & Piero Gottardi & Guido Ruta, 2010. "Equilibrium Corporate Finance," Economics Working Papers ECO2010/01, European University Institute.
    6. Weerachart T. Kilenthong & Gabriel A. Madeira, 2017. "Observability and endogenous organizations," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 63(3), pages 587-619, March.
    7. Bisin, Alberto; & Gottardi, Piero; & Ruta, Guido, 2014. "Equilibrium corporate finance and intermediation," Economics Working Papers ECO2014/09, European University Institute.
    8. Alessandro Citanna & Archishman Chakraborty, 2005. "Occupational choice, incentives and wealth distribution," Post-Print hal-00463229, HAL.
    9. Joon Song, 2012. "Futures market: contractual arrangement to restrain moral hazard in teams," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 51(1), pages 163-189, September.
    10. Robert M. Townsend & Jacob Yaron, 2001. "The credit risk-contingency system of an Asian development bank," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 25(Q III), pages 31-48.
    11. Garratt, Rod & Keister, Todd & Shell, Karl, 2002. "Comparing Sunspot Equilibrium and Lottery Equilibrium Allocations: The Finite Case," Working Papers 02-07, Cornell University, Center for Analytic Economics.
    12. Kilenthong, Weerachart T. & Townsend, Robert M., 2011. "Information-constrained optima with retrading: An externality and its market-based solution," Journal of Economic Theory, Elsevier, vol. 146(3), pages 1042-1077, May.
    13. Kilenthong, Weerachart & Townsend, Robert, 2007. "Market Based, Segregated Exchanges with Default Risk," MPRA Paper 20724, University Library of Munich, Germany, revised 12 Nov 2009.
    14. Weerachart Kilenthong & Robert Townsend, 2016. "A Market Based Solution for Fire Sales and Other Pecuniary Externalities," PIER Discussion Papers 23, Puey Ungphakorn Institute for Economic Research.
    15. Anil K. Jain & Robert M. Townsend, 2021. "The economics of platforms in a Walrasian framework," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(3), pages 877-924, April.
    16. Herakles Polemarchakis, 2015. "Markets and Efficiency," The Japanese Economic Review, Japanese Economic Association, vol. 66(2), pages 150-166, June.
    17. Weerachart Kilenthong, 2011. "Collateral premia and risk sharing under limited commitment," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 46(3), pages 475-501, April.
    18. Joao Correia-da-Silva & Carlos Herves-Beloso, 2008. "General equilibrium with private state verification," Levine's Working Paper Archive 814577000000000024, David K. Levine.
    19. CITANNA, Alessandro & CHAKRABORTY, Archishman, 2002. "Occupational Choice, Incentives and Wealth Redistributions with Scarcity of Capital," HEC Research Papers Series 788, HEC Paris.
    20. Alberto Bisin & Gian Luca Clementi & Piero Gottardi, 2014. "Capital Structure and Hedging Demand with Incomplete Markets," NBER Working Papers 20345, National Bureau of Economic Research, Inc.
    21. Kehoe, Timothy J. & Levine, David K. & Prescott, Edward C., 2002. "Lotteries, Sunspots, and Incentive Constraints," Journal of Economic Theory, Elsevier, vol. 107(1), pages 39-69, November.
    22. Alexander Karaivanov, 2003. "Financial Contracts and Occupational Choice," Computing in Economics and Finance 2003 25, Society for Computational Economics.
    23. Weerachart Kilenthong & Robert Townsend, 2014. "Segregated Security Exchanges with Ex Ante Rights to Trade: A Market-Based Solution to Collateral-Constrained Externalities," NBER Working Papers 20086, National Bureau of Economic Research, Inc.
    24. Martin Meier & Enrico Minelli & Herakles Polemarchakis, 2009. "Competitive Markets with Private Information on Both Sides," Working Papers 0917, University of Brescia, Department of Economics.
    25. Anil K. Jain & Robert M. Townsend, 2020. "The Economics of Platforms in a Walrasian Framework," International Finance Discussion Papers 1280, Board of Governors of the Federal Reserve System (U.S.).
    26. Edward Simpson Prescott & Robert M. Townsend, 2005. "Firms as clubs in Walrasian markets with private information : technical appendix," Working Paper 05-11, Federal Reserve Bank of Richmond.
    27. Alexander Karaivanov, 2002. "Computing Moral Hazard Programs With Lotteries Using Matlab," Computational Economics 0201001, University Library of Munich, Germany.
    28. Edward Simpson Prescott & Robert M. Townsend, 2000. "Firms as clubs in Walrasian markets with private information," Working Paper 00-08, Federal Reserve Bank of Richmond.
    29. Scotchmer, Suzanne & Shannon, Chris, 2019. "Verifiability and group formation in markets," Journal of Economic Theory, Elsevier, vol. 183(C), pages 417-477.
    30. Weerachart Kilenthong, 2015. "Observability and Endogenous Organizations," PIER Discussion Papers 13, Puey Ungphakorn Institute for Economic Research.

  44. Daniel Aaronson & Raphael W. Bostic & Paul Huck & Robert M. Townsend, 2000. "Supplier relationships and small business use of trade credit," Working Paper Series WP-00-28, Federal Reserve Bank of Chicago.

    Cited by:

    1. Domenico Scalera & Alberto Zazzaro, 2009. "Do Inter-Firm Networks Make Access to Finance Easier? Issues and Empirical Evidence," Mo.Fi.R. Working Papers 25, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    2. Degryse, Hans & Matthews, Kent & Zhao, Tianshu, 2018. "SMEs and access to bank credit: Evidence on the regional propagation of the financial crisis in the UK," Journal of Financial Stability, Elsevier, vol. 38(C), pages 53-70.
    3. Eliasson, Tove, 2014. "Immigrant entrepreneurship and the origin of bankers," Working Paper Series 2014:19, IFAU - Institute for Evaluation of Labour Market and Education Policy.
    4. Ronald Cummings & Paul Ferraro, 2005. "Cultural diversity, discrimination and economic outcomes: An experimental analysis," Artefactual Field Experiments 00045, The Field Experiments Website.
    5. Niels Hermes & Ernest Kihanga & Robert Lensink & Clemens Lutz, 2015. "The determinants of trade credit use: the case of the Tanzanian rice market," Applied Economics, Taylor & Francis Journals, vol. 47(30), pages 3164-3174, June.
    6. Cynthia Kinnan & Krislert Samphantharak & Robert Townsend & Diego Vera-Cossio, 2019. "Insurance and Propagation in Village Networks," PIER Discussion Papers 115, Puey Ungphakorn Institute for Economic Research.
    7. Ebben, Jay & Johnson, Alec, 2006. "Bootstrapping in small firms: An empirical analysis of change over time," Journal of Business Venturing, Elsevier, vol. 21(6), pages 851-865, November.
    8. Mubashir Qurashi & Muhammad Zahoor, 2017. "Working Capital Determinants for the UK Pharmaceutical Companies Listed on FTSE 350 Index," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 7(1), pages 11-17, January.
    9. Anjali Kumar & Manuela Francisco, 2005. "Enterprise Size, Financing Patterns, and Credit Constraints in Brazil : Analysis of Data from the Investment Climate Assessment Survey," World Bank Publications - Books, The World Bank Group, number 7330, December.
    10. Zhou, Yong-Wu & Zhong, Yuanguang & Li, Jicai, 2012. "An uncooperative order model for items with trade credit, inventory-dependent demand and limited displayed-shelf space," European Journal of Operational Research, Elsevier, vol. 223(1), pages 76-85.
    11. Zhong, Yuan-Guang & Zhou, Yong-Wu, 2013. "Improving the supply chain's performance through trade credit under inventory-dependent demand and limited storage capacity," International Journal of Production Economics, Elsevier, vol. 143(2), pages 364-370.
    12. Alexandra Zamfirache & Titus Suciu & Carmen Elena Anton & Ruxandra-Gabriela Albu & Ioana-Simona Ivasciuc, 2023. "The Interest Shown by Potential Young Entrepreneurs in Romania Regarding Feasible Funding Sources, in the Context of a Sustainable Entrepreneurial Education," Sustainability, MDPI, vol. 15(6), pages 1-29, March.
    13. Douglas A. Bosse & Tom Arnold, 2009. "Trade credit: a real option for bootstrapping small firms," Venture Capital, Taylor & Francis Journals, vol. 12(1), pages 49-63, September.
    14. Paul, Salima & Boden, Rebecca, 2008. "The secret life of UK trade credit supply: Setting a new research agenda," The British Accounting Review, Elsevier, vol. 40(3), pages 272-281.
    15. Slavec, Alenka & Prodan, Igor, 2012. "The influence of entrepreneur’s characteristics on small manufacturing firm debt financing," Journal of East European Management Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 17(1), pages 104-130.
    16. Farah Saerens & Stefanie Ceustermans, 2021. "Abbreviated or Micro-Entity Accounts? Effect of Financial Reporting Format on the Availability of Trade Credit," Sustainability, MDPI, vol. 13(15), pages 1-18, July.

  45. Philip Bond & Paul Huck & Sherrie L. W. Rhine & Robert M. Townsend, 1999. "A comparison of small business finance in two Chicago minority neighborhoods," Proceedings 780, Federal Reserve Bank of Chicago.

    Cited by:

    1. Robertson K. Tengeh & Linus Nkem, 2017. "Sustaining Immigrant Entrepreneurship in South Africa: The Role of Informal Financial Associations," Sustainability, MDPI, vol. 9(8), pages 1-16, August.
    2. Chihkang Kenny Wu & Ngoc Anh Nguyen & Thanh Quoc Thuan Dang & Mai-Uyen Nguyen, 2022. "The Impact of COVID-19 on Ethnic Business Households Involved in Tourism in Ninh Thuan, Vietnam," Sustainability, MDPI, vol. 14(24), pages 1-15, December.
    3. Franklin Allen & James McAndrews & Philip Strahan, 2001. "E-Finance: An Introduction," Center for Financial Institutions Working Papers 01-36, Wharton School Center for Financial Institutions, University of Pennsylvania.
    4. Sandra E. Black & Philip E. Strahan, 2002. "Entrepreneurship and Bank Credit Availability," Journal of Finance, American Finance Association, vol. 57(6), pages 2807-2833, December.
    5. Timothy Bates & Alicia Robb, 2013. "Greater Access to Capital Is Needed to Unleash the Local Economic Development Potential of Minority-Owned Businesses," Economic Development Quarterly, , vol. 27(3), pages 250-259, August.

  46. Edward C Prescott & Robert M Townsend, 1997. "General Competitive Analysis in an Economy with Private Information," Levine's Working Paper Archive 1578, David K. Levine.

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    4. Alex Citanna & Paolo Siconolfi, 2022. "An incentive efficient market for mechanisms in large Akerlof economies," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 73(1), pages 1-54, February.
    5. Aldo Rustichini & Paolo Siconolfi, 2008. "General equilibrium in economies with adverse selection," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 37(1), pages 1-29, October.
    6. Belen Jerez, 2000. "General Equilibrium with Asymmetric Information: A Dual Approach," Econometric Society World Congress 2000 Contributed Papers 1497, Econometric Society.
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    9. Sonja Brangewitz & Gaël Giraud, 2012. "Learning by Trading in Infinite Horizon Strategic Market Games with Default," Post-Print halshs-00747899, HAL.
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    11. Weerachart T. Kilenthong & Gabriel A. Madeira, 2017. "Observability and endogenous organizations," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 63(3), pages 587-619, March.
    12. Bill Dupor & Andreas Lehnert, 2002. "Increasing returns and optimal oscillating labor supply," Finance and Economics Discussion Series 2002-22, Board of Governors of the Federal Reserve System (U.S.).
    13. Nikolaos Kokonas & Paulo Santos Monteiro, 2023. "Self-fulfilling labor wedge fluctuations and unemployment insurance," Discussion Papers 2313, Centre for Macroeconomics (CFM).
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    88. Balke, Neele & Lamadon, Thibaut, 2021. "Productivity shocks, long-term contracts and earnings dynamics," Working Paper Series 2021:19, IFAU - Institute for Evaluation of Labour Market and Education Policy.
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    94. Alexander Karaivanov, 2021. "Blockchains, Collateral and Financial Contracts," Discussion Papers dp21-03, Department of Economics, Simon Fraser University.
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    Cited by:

    1. Ethan Ligon, 2002. "Targeting and Informal Insurance," WIDER Working Paper Series DP2002-08, World Institute for Development Economic Research (UNU-WIDER).
    2. Gine, Xavier & Townsend, Robert & Vickery, James, 2007. "Patternsof rainfall insurance participation in rural India," Policy Research Working Paper Series 4408, The World Bank.
    3. Marijke Verpoorten, 2007. "Household Coping in war- and peacetime: cattle sales in Rwanda, 1991-2001," LICOS Discussion Papers 18907, LICOS - Centre for Institutions and Economic Performance, KU Leuven.
    4. Shawn Cole & Xavier Gine & Jeremy Tobacman & Petia Topalova & Robert Townsend & James Vickery, 2013. "Barriers to Household Risk Management: Evidence from India," American Economic Journal: Applied Economics, American Economic Association, vol. 5(1), pages 104-135, January.
    5. Marcel Fafchamps & Aditya Shrinivas, 2022. "Risk Pooling and Precautionary Saving in Village Economies," NBER Working Papers 30128, National Bureau of Economic Research, Inc.
    6. Jin, Yi & Temzelides, Ted, 1998. "On the Local Interaction of Money and Credit," Working Papers 99-05, University of Iowa, Department of Economics.
    7. Hample, Kelsey C, 2021. "Formal insurance for the informally insured: Experimental evidence from Kenya," World Development Perspectives, Elsevier, vol. 22(C).
    8. Naschold, Felix & Walker, Thomas F. & Barrett, Christopher B. & Osei, Robert, 2011. "Idiosyncratic shocks, risk management and welfare dynamics in rural Ghana," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 109646, Agricultural and Applied Economics Association.
    9. Angelucci, Manuela & De Giorgi, Giacomo, 2006. "Indirect Effects of an Aid Program: The Case of Progresa and Consumption," IZA Discussion Papers 1955, Institute of Labor Economics (IZA).
    10. Dean Yang, 2005. "Coping With Disaster: The Impact of Hurricanes on International Financial Flows, 1970-2001," Working Papers 534, Research Seminar in International Economics, University of Michigan.
    11. Yang Dean, 2008. "Coping with Disaster: The Impact of Hurricanes on International Financial Flows, 1970-2002," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 8(1), pages 1-45, June.
    12. Robert M. Townsend & Jacob Yaron, 2001. "The credit risk-contingency system of an Asian development bank," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 25(Q III), pages 31-48.
    13. Hongbin Cai & Yuyu Chen & Hanming Fang & Li-An Zhou, 2009. "Microinsurance, Trust and Economic Development: Evidence from a Randomized Natural Field Experiment," PIER Working Paper Archive 09-034, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    14. Hasna Khemili & Mounir Belloumi, 2018. "Social Security and Fighting Poverty in Tunisia," Economies, MDPI, vol. 6(1), pages 1-17, February.
    15. Arun, Thankom Gopinath & Bendig, Mirko, 2010. "Risk Management among the Poor: The Case of Microfinancial Services," IZA Discussion Papers 5174, Institute of Labor Economics (IZA).
    16. Zhao Rong & Lan Wu, 2020. "Withholding Consumption: A Free Riding Perspective on the Diffusion of Color Television in Rural China," Journal of Consumer Affairs, Wiley Blackwell, vol. 54(2), pages 489-516, June.
    17. De Weerdt, Joachim & Hirvonen, Kalle, 2015. "Risk sharing and internal migration," IOB Working Papers 2015.04, Universiteit Antwerpen, Institute of Development Policy (IOB).
    18. Marcel Fafchamps & Susan Lund, "undated". "Risk Sharing Networks in Rural Philippines," Working Papers 97014, Stanford University, Department of Economics.
    19. Ligon, Ethan, 2005. "Formal Markets and Informal Insurance," International Review of Law and Economics, Elsevier, vol. 25(1), pages 75-88, March.
    20. Hill, Ruth Vargas & Viceisza, Angelino, 2010. "An experiment on the impact of weather shocks and insurance on risky investment," IFPRI discussion papers 974, International Food Policy Research Institute (IFPRI).
    21. Hossein Askari & Abbas Mirakhor, 2014. "Risk sharing, public policy and the contribution of Islamic finance," PSL Quarterly Review, Economia civile, vol. 67(271), pages 345-379.
    22. Santos, Paulo & Barrett, Christopher B., 2011. "Persistent poverty and informal credit," Journal of Development Economics, Elsevier, vol. 96(2), pages 337-347, November.
    23. Dubois, Pierre, 2002. "Consommation, partage de risque et assurance informelle : développements théoriques et tests empiriques récents," L'Actualité Economique, Société Canadienne de Science Economique, vol. 78(1), pages 115-149, Mars.
    24. Jonathan Morduch, 2002. "Consumption Smoothing Across Space: Testing Theories of Risk-Sharing in the ICRISAT Study Region of South India," WIDER Working Paper Series DP2002-55, World Institute for Development Economic Research (UNU-WIDER).
    25. World Bank, 2001. "Risk Management in South Asia : A Poverty Focused Approach," World Bank Publications - Reports 15449, The World Bank Group.
    26. Naqvi, Asjad, 2017. "Deep Impact: Geo-Simulations as a Policy Toolkit for Natural Disasters," World Development, Elsevier, vol. 99(C), pages 395-418.
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    28. Gine, Xavier & Menand, Lev & Townsend, Robert & Vickery, James, 2010. "Microinsurance : a case study of the Indian rainfall index insurance market," Policy Research Working Paper Series 5459, The World Bank.
    29. Mirko Bendig & Thankom Arun, 2011. "Microfinancial Services And Risk Management: Evidences From Sri Lanka," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 36(4), pages 97-126, December.
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    35. Kendall, Jake, 2012. "Local financial development and growth," Journal of Banking & Finance, Elsevier, vol. 36(5), pages 1548-1562.
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    37. Ahsan, Syed M. & Khalily, M. A. Baqui & Hamid, Syed A. & Barua , Shubhasish & Barua, Suborna, 2013. "The Microinsurance Market in Bangladesh: An Analytical Overview," Bangladesh Development Studies, Bangladesh Institute of Development Studies (BIDS), vol. 36(1), pages 1-54, March.
    38. Seiler, Edward J., 1998. "Consumption Smoothing in Village Economies: Intra-Temporal Versus Inter-Temporal Smoothing Mechanisms," Working Papers 232808, Hebrew University of Jerusalem, Center for Agricultural Economic Research.
    39. Rong, Zhao, 2011. "Free riding and durable adoption: a test of color television consumption in rural China," MPRA Paper 33434, University Library of Munich, Germany.
    40. Naschold, Felix, 2016. "Getting ahead or falling behind? – The importance of households’ ability to manage idiosyncratic risk in rural Ghana," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235720, Agricultural and Applied Economics Association.
    41. Seiler, Edward J., 1998. "The Use of Remittances and Asset Accumulation in Consumption Smoothing: Evidence from Village India," Working Papers 232810, Hebrew University of Jerusalem, Center for Agricultural Economic Research.
    42. Islam, Asadul & Maitra, Pushkar, 2012. "Health shocks and consumption smoothing in rural households: Does microcredit have a role to play?," Journal of Development Economics, Elsevier, vol. 97(2), pages 232-243.
    43. Konstantinos Angelopoulos & Spyridon Lazarakis & Rebecca Mancy & Dorice Agol & Elissaios Papyrakis, 2023. "Resource Risk and the Origins of Inequality: Evidence from a Pastoralist Economy," CESifo Working Paper Series 10611, CESifo.
    44. Morduch, Jonathan, 1999. "Between the State and the Market: Can Informal Insurance Patch the Safety Net?," The World Bank Research Observer, World Bank, vol. 14(2), pages 187-207, August.
    45. Manuela Angelucci & Giacomo De Giorgi, 2009. "Indirect Effects of an Aid Program: How Do Cash Transfers Affect Ineligibles' Consumption?," American Economic Review, American Economic Association, vol. 99(1), pages 486-508, March.
    46. Wondimagegn Tesfaye & Gebrelibanos Gebremariam, 2020. "Consumption smoothing and price enhancement motives for grain storage: empirical perspectives from rural Ethiopia," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 8(1), pages 1-19, December.
    47. Santos, Paulo & Barrett, Christopher B., 2006. "Informal Insurance in the Presence of Poverty Traps: Evidence from Southern Ethiopia," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25487, International Association of Agricultural Economists.
    48. Raghav Gaiha & Katsushi Imai, 2008. "Measuring Vulnerability and Poverty: Estimates for Rural India," WIDER Working Paper Series RP2008-40, World Institute for Development Economic Research (UNU-WIDER).

  48. Edward Simpson Prescott & Robert M. Townsend, 1996. "Theory of the firm: applied mechanism design," Working Paper 96-02, Federal Reserve Bank of Richmond.

    Cited by:

    1. Alberto Bennardo & Pierre-Andre Chiappori, 2003. "Bertrand and Walras Equilibria Under Moral Hazard," Levine's Working Paper Archive 618897000000000748, David K. Levine.
    2. Edward Simpson Prescott, 1997. "Group lending and financial intermediation: an example," Economic Quarterly, Federal Reserve Bank of Richmond, issue Fall, pages 23-48.
    3. Lacker, Jeffrey M., 1997. "Clearing, settlement and monetary policy," Journal of Monetary Economics, Elsevier, vol. 40(2), pages 347-381, October.
    4. Dubois, Pierre, 2002. "Consommation, partage de risque et assurance informelle : développements théoriques et tests empiriques récents," L'Actualité Economique, Société Canadienne de Science Economique, vol. 78(1), pages 115-149, Mars.

  49. Townsend, R., 1996. "Micro Enterprise and Macro Policy," Papers 285, Banca Italia - Servizio di Studi.

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    1. Sussman, Oren, 1999. "Economic growth with standardized contracts," European Economic Review, Elsevier, vol. 43(9), pages 1797-1818, October.
    2. Elisabetta Bertero, 1997. "Restructuring financial systems in transition and developing economies: an approach based on the French financial system," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 5(2), pages 367-393, November.

  50. Robert M. Townsend, 1994. "Community development banking and Financial Institutions Act: a critique with recommendations," Proceedings 49, Federal Reserve Bank of Chicago.

    Cited by:

    1. Edward Simpson Prescott, 1997. "Group lending and financial intermediation: an example," Economic Quarterly, Federal Reserve Bank of Richmond, issue Fall, pages 23-48.
    2. Jeffrey M. Lacker, 1995. "Neighborhoods and banking," Economic Quarterly, Federal Reserve Bank of Richmond, issue Spr, pages 13-38.
    3. Dahl, Drew, 1996. "Ownership changes and lending at minority banks: A note," Journal of Banking & Finance, Elsevier, vol. 20(7), pages 1289-1301, August.

  51. Phelan, C. & Townsend, R.M., 1990. "Computing Multiperiod, Information-Constrained Optima," University of Chicago - Economics Research Center 90-13, Chicago - Economics Research Center.

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    1. Youngjae Lim & Robert Townsend, 1998. "General Equilibrium Models of Financial Systems: Theory and Measurement in Village Economies," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 1(1), pages 59-118, January.
    2. Roozbeh Hosseini & Larry E. Jones & Ali Shourideh, 2009. "Risk sharing, inequality, and fertility," Working Papers 674, Federal Reserve Bank of Minneapolis.
    3. Rasmus Lentz & Torben Tranas, 2005. "Job Search and Savings: Wealth Effects and Duration Dependence," Journal of Labor Economics, University of Chicago Press, vol. 23(3), pages 467-490, July.
    4. Hanno Lustig, 2001. "The Market Price of Aggregate Risk and the Wealth Distribution," Finance 0111004, University Library of Munich, Germany, revised 16 Nov 2001.
    5. Radim Bohacek, 2001. "Capital Accumulation in an Economy with Heterogeneous Agents and Moral Hazard," GE, Growth, Math methods 0012001, University Library of Munich, Germany.
    6. Antonio Rangel & Richard Zeckhauser, 1999. "Can Market and Voting Institutions Generate Optimal Intergenerational Risk Sharing?," NBER Working Papers 6949, National Bureau of Economic Research, Inc.
    7. Anna L. Paulson & Robert M. Townsend, 2003. "Distinguishing limited commitment from moral hazard in models of growth with inequality," Working Paper Series WP-03-06, Federal Reserve Bank of Chicago.
    8. LiCalzi, Marco & Pavan, Alessandro, 2005. "Tilting the supply schedule to enhance competition in uniform-price auctions," European Economic Review, Elsevier, vol. 49(1), pages 227-250, January.
    9. Koehne, Sebastian & Kuhn, Moritz, 2015. "Optimal taxation in a habit formation economy," Journal of Public Economics, Elsevier, vol. 122(C), pages 31-39.
    10. S. Rao Aiyagari & Stephen D. Williamson, 1997. "Credit in a Random Matching Model With Private Information," Game Theory and Information 9705005, University Library of Munich, Germany.
    11. Christopher Phelan, 2003. "Opportunity and Social Mobility," Levine's Bibliography 666156000000000379, UCLA Department of Economics.
    12. Anderson, Evan W., 2005. "The dynamics of risk-sensitive allocations," Journal of Economic Theory, Elsevier, vol. 125(2), pages 93-150, December.
    13. Borys Grochulski, 2008. "Optimal personal bankruptcy design : A Mirrlees approach," Working Paper 08-05, Federal Reserve Bank of Richmond.
    14. Violante, Giovanni & Pavoni, Nicola, 2006. "Optimal Welfare-to-Work Programs," CEPR Discussion Papers 5937, C.E.P.R. Discussion Papers.
    15. Pierre Yared, 2008. "The Use of Concessions in Forestalling War," 2008 Meeting Papers 32, Society for Economic Dynamics.
    16. Alexander Monge-Naranjo & Javier Cascante & Luis J. Hall, 2001. "Enforcement, Contract Design, and Default: Exploring the Financial Markets of Costa Rica," Research Department Publications 3126, Inter-American Development Bank, Research Department.
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    26. Koehne, Sebastian & Kuhn, Moritz, 2013. "Optimal capital taxation for time-nonseparable preferences," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79951, Verein für Socialpolitik / German Economic Association.
    27. Mikhail Golosov & Aleh Tsyvinski & Nicolas Werquin, 2016. "Recursive Contracts and Endogenously Incomplete Markets," NBER Working Papers 22012, National Bureau of Economic Research, Inc.
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Articles

  1. Marti Mestieri & Johanna Schauer & Robert Townsend, 2017. "Human Capital Acquisition and Occupational Choice: Implications for Economic Development," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 25, pages 151-186, April.

    Cited by:

    1. Bruton, Garry & Sutter, Christopher & Lenz, Anna-Katharina, 2021. "Economic inequality – Is entrepreneurship the cause or the solution? A review and research agenda for emerging economies," Journal of Business Venturing, Elsevier, vol. 36(3).
    2. Julia Fonseca & Adrien Matray, 2022. "Financial Inclusion, Economic Development, and Inequality: Evidence from Brazil," Working Papers 308, Princeton University, Department of Economics, Center for Economic Policy Studies..
    3. MUSTAFA, Murtala Oladimeji Abioye & STELLA, Uwazuluonye Audu, 2023. "The Nexus between Human Capital Investment and Firm Growth of Selected Non-Financial Firms in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(8), pages 467-481, August.
    4. Kanat Abdulla & Balzhan Serikbayeva & Yessengali Oskenbayev & Farhad Taghizadeh-Hesary, 2022. "Regional Differences in Human Capital and Occupational Choice: Evidence from Mexico," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 34(6), pages 2899-2922, December.
    5. Galina Vereshchagina, 2023. "Financial constraints and economic development: the role of firm productivity investment," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 322-342, December.
    6. Rui Castro & Pavel Sevcik, 2023. "Occupational Choice, Human Capital, and Financial Constraints," Working Papers 23-02, Chair in macroeconomics and forecasting, University of Quebec in Montreal's School of Management, revised Aug 2023.

  2. Shawn Cole & Xavier Gine & Jeremy Tobacman & Petia Topalova & Robert Townsend & James Vickery, 2013. "Barriers to Household Risk Management: Evidence from India," American Economic Journal: Applied Economics, American Economic Association, vol. 5(1), pages 104-135, January.
    See citations under working paper version above.
  3. Samphantharak, Krislert & Townsend, Robert M., 2012. "Measuring the return on household enterprise: What matters most for whom?," Journal of Development Economics, Elsevier, vol. 98(1), pages 58-70.

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    1. Krislert Samphantharak & Robert Townsend, 2016. "Risk and Return in Village Economies," PIER Discussion Papers 27, Puey Ungphakorn Institute for Economic Research.
    2. Rodríguez Torres, Omar, 2022. "The productive role of social policy," MERIT Working Papers 2022-010, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    3. Liebenehm, Sabine & Menkhoff, Lukas & Waibel, Hermann, 2021. "Risk Attitudes and Returns in Rural Economies: Evidence from Thailand and Vietnam," 2021 Conference, August 17-31, 2021, Virtual 314997, International Association of Agricultural Economists.
    4. Brian McCaig & Nina Pavcnik, 2021. "Entry and Exit of Informal Firms and Development," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 69(3), pages 540-575, September.
    5. Danny Turkson & Emmanuel A. Codjoe, 2021. "The Household Enterprise Sector in Ghana: Overview and Challenges," International Journal of Business and Management, Canadian Center of Science and Education, vol. 15(8), pages 140-140, July.

  4. Archawa Paweenawat & Robert M. Townsend, 2012. "Village Economic Accounts: Real and Financial Intertwined," American Economic Review, American Economic Association, vol. 102(3), pages 441-446, May.

    Cited by:

    1. Ameriks, John & Briggs, Joseph & Caplin, Andrew & Shapiro, Matthew D. & Tonetti, Christopher, 2016. "Late-in-Life Risks and the Under-Insurance Puzzle," Research Papers 3485, Stanford University, Graduate School of Business.
    2. John Ameriks & Joseph Briggs & Andrew Caplin & Matthew D. Shapiro & Christopher Tonetti, 2016. "The Long-Term-Care Insurance Puzzle: Modeling and Measurement," NBER Working Papers 22726, National Bureau of Economic Research, Inc.

  5. Cynthia Kinnan & Robert Townsend, 2012. "Kinship and Financial Networks, Formal Financial Access, and Risk Reduction," American Economic Review, American Economic Association, vol. 102(3), pages 289-293, May.

    Cited by:

    1. Hong Sun & Xiaohong Li & Wenjing Li, 2020. "The Nexus between Credit Channels and Farm Household Vulnerability to Poverty: Evidence from Rural China," Sustainability, MDPI, vol. 12(7), pages 1-18, April.
    2. Goel, Deepti & Lang, Kevin, 2016. "Social Ties and the Job Search of Recent Immigrants," IZA Discussion Papers 9942, Institute of Labor Economics (IZA).
    3. Abay, Kibrom & Kahsay, Goytom & Berhane, Guush, 2015. "Social Networks and Factor Markets: Panel Data Evidence from Ethiopia," 2015 Conference, August 9-14, 2015, Milan, Italy 210869, International Association of Agricultural Economists.
    4. Dupas, Pascaline & Keats, Anthony & Robinson, Jonathan, 2016. "The Effect of Savings Accounts on Interpersonal Financial Relationships: Evidence from a Field Experiment in Rural Kenya," Santa Cruz Department of Economics, Working Paper Series qt3524t5vb, Department of Economics, UC Santa Cruz.
    5. Krislert Samphantharak & Robert Townsend, 2016. "Risk and Return in Village Economies," PIER Discussion Papers 27, Puey Ungphakorn Institute for Economic Research.
    6. Giovanni Mastrobuoni, 2013. "The Value of Connections: Evidence from the Italian-American Mafia," Carlo Alberto Notebooks 335, Collegio Carlo Alberto.
    7. Diego Vera-Cossio, 2022. "Targeting Credit through Community Members," Journal of the European Economic Association, European Economic Association, vol. 20(2), pages 778-821.
    8. Anandi Mani & Emma Riley, 2019. "Social networks, role models, peer effects, and aspirations," WIDER Working Paper Series wp-2019-120, World Institute for Development Economic Research (UNU-WIDER).
    9. Flory, Jeffrey A., 2018. "Formal finance and informal safety nets of the poor: Evidence from a savings field experiment," Journal of Development Economics, Elsevier, vol. 135(C), pages 517-533.
    10. Stephane, Victor, 2021. "Hiding behind the veil of ashes: Social capital in the wake of natural disasters," World Development, Elsevier, vol. 145(C).
    11. Philippe Alby & Emmanuelle Auriol & Pierre Nguimkeu, 2020. "Does Social Pressure Hinder Entrepreneurship in Africa? The Forced Mutual Help Hypothesis," Economica, London School of Economics and Political Science, vol. 87(346), pages 299-327, April.
    12. Chaoran Chen & Diego Restuccia & Raul Santaeulalia-Llopis, 2020. "The Effects of Land Markets on Resource Allocation and Agricultural Productivity," Working Papers tecipa-661, University of Toronto, Department of Economics.
    13. Orazio Attanasio & Sonya Krutikova, 2020. "Consumption Insurance in Networks with Asymmetric Information," NBER Working Papers 27290, National Bureau of Economic Research, Inc.
    14. Zhu, Kehan & Zhou, Yuhong & Zhao, Jingmei, 2021. "Guaxi and financial exclusion: Empirical evidence from households in China," Pacific-Basin Finance Journal, Elsevier, vol. 67(C).
    15. Singh, Nirvikar, 2018. "Financial Inclusion: Concepts, Issues and Policies for India," MPRA Paper 91047, University Library of Munich, Germany.
    16. Ines Lindner & Holger Strulik, 2012. "From Tradition to Modernity: Economic Growth in a Small World," Tinbergen Institute Discussion Papers 12-035/1, Tinbergen Institute.
    17. Qianchun Dai & Kequn Cheng, 2022. "What Drives the Adoption of Agricultural Green Production Technologies? An Extension of TAM in Agriculture," Sustainability, MDPI, vol. 14(21), pages 1-18, November.
    18. Attila Ambrus & Arun G. Chandrasekhar & Matt Elliott, 2014. "Social Investments, Informal Risk Sharing, and Inequality," NBER Working Papers 20669, National Bureau of Economic Research, Inc.
    19. Olagunju, Kehinde Oluseyi & Olagunju, Kehinde Ademola & Ogunniyi, Adebayo Isaiah & Omotayo, Abiodun Olusola & Oyetunde-Usman, Zainab, 2023. "To own or not to own? Land tenure security and production risk in small-scale farming," Land Use Policy, Elsevier, vol. 127(C).
    20. Felipe Kast & Dina Pomeranz, 2014. "Saving More to Borrow Less: Experimental Evidence from Access to Formal Savings Accounts in Chile," NBER Working Papers 20239, National Bureau of Economic Research, Inc.
    21. Xiaobing Huang & Meng Chen & Xiaolian Liu & Isaac Kofi Mensah, 2021. "Social Interaction and Entrepreneurial Intention: An Empirical Investigation for China," SAGE Open, , vol. 11(3), pages 21582440211, July.
    22. Orazio Attanasio & Corina Mommaerts & Costas Meghir, 2015. "Insurance in Extended Family Networks," Cowles Foundation Discussion Papers 1996R, Cowles Foundation for Research in Economics, Yale University, revised Jun 2018.
    23. Allison Benson & Jean-Paul Faguet & Maria del pilar López Uribe, 2020. "Increasing Access to Agricultural Credit: The Heterogeneous Effects of Collective Action," Documentos CEDE 18347, Universidad de los Andes, Facultad de Economía, CEDE.
    24. Yin, Zhichao & Yan, Yu & Chen, Xirong & Liu, Taixing, 2022. "Earthquake and household energy consumption – Evidence from the Wenchuan earthquake in China," Energy Economics, Elsevier, vol. 111(C).
    25. Shijun Chai & Yang Chen & Bihong Huang & Dezhu Ye, 2019. "Social networks and informal financial inclusion in China," Asia Pacific Journal of Management, Springer, vol. 36(2), pages 529-563, June.
    26. Niklas Amberg & Tor Jacobson & Erik von Schedvin & Robert Townsend, 2021. "Curbing Shocks to Corporate Liquidity: The Role of Trade Credit," Journal of Political Economy, University of Chicago Press, vol. 129(1), pages 182-242.
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    Cited by:

    1. Hong Sun & Xiaohong Li & Wenjing Li, 2020. "The Nexus between Credit Channels and Farm Household Vulnerability to Poverty: Evidence from Rural China," Sustainability, MDPI, vol. 12(7), pages 1-18, April.
    2. Talnan Aboulaye Toure, 2023. "Financial inclusion, entrepreneurs’ credit risk exposure and social planner financial policy," Economic Change and Restructuring, Springer, vol. 56(4), pages 2747-2799, August.
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    4. Boonperm, Jirawan & Haughton, Jonathan & Khandker, Shahidur R. & Rukumnuaykit, Pungpond, 2012. "Appraising the Thailand village fund," Policy Research Working Paper Series 5998, The World Bank.
    5. Diego Vera-Cossio, 2022. "Targeting Credit through Community Members," Journal of the European Economic Association, European Economic Association, vol. 20(2), pages 778-821.
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    9. Stefan Klonner, Christian Oldiges, 2019. "The Welfare Effects of India's Rural Employment Guarantee," OPHI Working Papers 129, Queen Elizabeth House, University of Oxford.
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    15. Hoffmann, Vivian & Rao, Vijayendra & Surendra, Vaishnavi & Datta, Upamanyu, 2021. "Relief from usury: Impact of a self-help group lending program in rural India," Journal of Development Economics, Elsevier, vol. 148(C).
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    45. Faye, Amy & Dièye, Mohamadou & Diakhaté, Pape Bilal & Bèye, Assane & Sall, Moussa & Diop, Mbaye, 2021. "Senegal - Land, climate, energy, agriculture and development: A study in the Sudano-Sahel Initiative for Regional Development, Jobs, and Food Security," Working Papers 308808, University of Bonn, Center for Development Research (ZEF).
    46. Castells-Quintana, David & del Pilar Lopez-Uribe, Maria & McDermott, Thomas K.J., 2018. "A review of adaptation to climate change through a development economics lens," Working Papers 309605, National University of Ireland, Galway, Socio-Economic Marine Research Unit.
    47. Isaac Mwangi & Rosemary Atieno, 2018. "Impact of Financial Inclusion on Consumption Expenditure in Kenya," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 10(5), pages 114-128, May.
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    1. Ning Xu & Chang’an Li, 2023. "Migration and Rural Sustainability: Relative Poverty Alleviation by Geographical Mobility in China," Sustainability, MDPI, vol. 15(7), pages 1-27, April.
    2. Wei Xiao & Mingqin Wu, 2021. "Life-cycle factors and entrepreneurship: evidence from rural China," Small Business Economics, Springer, vol. 57(4), pages 2017-2040, December.
    3. Gibbons, Steve & Overman, Henry G. & Patacchini, Eleonora, 2015. "Spatial Methods," Handbook of Regional and Urban Economics, in: Gilles Duranton & J. V. Henderson & William C. Strange (ed.), Handbook of Regional and Urban Economics, edition 1, volume 5, chapter 0, pages 115-168, Elsevier.
    4. Abel Brodeur & Warn N. Lekfuangfu & Yanos Zylberberg, 2017. "War, Migration and the Origins of the Thai Sex Industry," Working Papers 1706E, University of Ottawa, Department of Economics.
    5. Berry, Kevin & James, Alexander & Smith, Brock & Watson, Brett, 2022. "Geography, Geology, and Regional Economic Development," Journal of Environmental Economics and Management, Elsevier, vol. 115(C).
    6. Franziska Sohns & Javier Revilla Diez, 2018. "Explaining micro entrepreneurship in rural Vietnam—a multilevel analysis," Small Business Economics, Springer, vol. 50(1), pages 219-237, January.
    7. Krittaya Sangkasem & Nattapong Puttanapong, 2022. "Analysis of spatial inequality using DMSP‐OLS nighttime‐light satellite imageries: A case study of Thailand," Regional Science Policy & Practice, Wiley Blackwell, vol. 14(4), pages 828-849, August.
    8. Remi Jedwab & Dietrich Vollrath, 2015. "Urbanization without Growth in Historical Perspective," Working Papers 2015-7, The George Washington University, Institute for International Economic Policy.
    9. Eric W. Bond & James Tybout & Hale Utar, 2015. "Credit Rationing, Risk Aversion, And Industrial Evolution In Developing Countries," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 56(3), pages 695-722, August.
    10. Jidong Wu & Mengqi Ye & Xu Wang & Elco Koks, 2019. "Building Asset Value Mapping in Support of Flood Risk Assessments: A Case Study of Shanghai, China," Sustainability, MDPI, vol. 11(4), pages 1-19, February.
    11. Alan Manning & Paolo Masella, 2018. "Diffusion of social values through the lens of US newspapers," CEP Discussion Papers dp1559, Centre for Economic Performance, LSE.
    12. Felkner, John S. & Lee, Hyun & Shaikh, Sabina & Kolata, Alan & Binford, Michael, 2022. "The interrelated impacts of credit access, market access and forest proximity on livelihood strategies in Cambodia," World Development, Elsevier, vol. 155(C).
    13. Emma Howard & Carol Newman & Finn Tarp, 2012. "Measuring Industry Agglomeration and Identifying the Driving Forces," WIDER Working Paper Series wp-2012-084, World Institute for Development Economic Research (UNU-WIDER).
    14. Joseph P. Kaboski & Robert M. Townsend, 2012. "The Impact of Credit on Village Economies," American Economic Journal: Applied Economics, American Economic Association, vol. 4(2), pages 98-133, April.
    15. Breinlich, Holger & Ottaviano, Gianmarco I P & Temple, Jonathan R, 2013. "Regional Growth and Regional Decline," Economics Discussion Papers 8977, University of Essex, Department of Economics.
    16. Shenoy, Ajay, 2018. "Regional development through place-based policies: Evidence from a spatial discontinuity," Journal of Development Economics, Elsevier, vol. 130(C), pages 173-189.
    17. Cazzuffi, Chiara & Lopex, Mariana & Soloaga, Isidro, 2015. "Local poverty reduction in Chile and Mexico: The role of food manufacturing growth," 2015 Conference, August 9-14, 2015, Milan, Italy 211449, International Association of Agricultural Economists.

  10. Pawasutipaisit, Anan & Townsend, Robert M., 2011. "Wealth accumulation and factors accounting for success," Journal of Econometrics, Elsevier, vol. 161(1), pages 56-81, March.

    Cited by:

    1. Bruton, Garry & Sutter, Christopher & Lenz, Anna-Katharina, 2021. "Economic inequality – Is entrepreneurship the cause or the solution? A review and research agenda for emerging economies," Journal of Business Venturing, Elsevier, vol. 36(3).
    2. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2015. "Entrepreneurship and Financial Frictions: A Macro-Development Perspective," NBER Working Papers 21107, National Bureau of Economic Research, Inc.
    3. Richard Disney & Andy McKay & C Rashaad Shabab, 2023. "Household inequality and remittances in rural Thailand: a life-cycle perspective," Oxford Economic Papers, Oxford University Press, vol. 75(2), pages 418-443.
    4. Di Giannatale, Sonia & Roa, María José, 2016. "Formal Saving in Developing Economies: Barriers, Interventions, and Effects," IDB Publications (Working Papers) 8107, Inter-American Development Bank.
    5. C. Rashaad Shabab, 2021. "Local droughts and income risk among Thai households," Review of Development Economics, Wiley Blackwell, vol. 25(4), pages 2084-2112, November.
    6. Kumse, Kaittisak & Suzuki, Nobuhiro & Sato, Takeshi & Demont, Matty, 2021. "The spillover effect of direct competition between marketing cooperatives and private intermediaries: Evidence from the Thai rice value chain," Food Policy, Elsevier, vol. 101(C).
    7. Fan Wang, 2022. "An Empirical Equilibrium Model of Formal and Informal Credit Markets in Developing Countries," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 46, pages 224-243, October.
    8. Marti Mestieri & Johanna Schauer & Robert Townsend, 2017. "Human Capital Acquisition and Occupational Choice: Implications for Economic Development," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 25, pages 151-186, April.
    9. Disney, Richard & Mckay, Andy & Shabab, C Rashaad, 2023. "Household inequality and remittances in rural Thailand: a life-cycle perspective," LSE Research Online Documents on Economics 121207, London School of Economics and Political Science, LSE Library.
    10. Wu, Bangzheng & Yue, Pengpeng & Zuo, Shengqiang, 2023. "Borrow to be the poor or the rich? It depends: Credit market and wealth accumulation," International Review of Economics & Finance, Elsevier, vol. 86(C), pages 804-821.
    11. Alexander Karaivanov & Robert M. Townsend, 2014. "Dynamic Financial Constraints: Distinguishing Mechanism Design From Exogenously Incomplete Regimes," Econometrica, Econometric Society, vol. 82(3), pages 887-959, May.
    12. Konstantinos Angelopoulos & Spyridon Lazarakis & Rebecca Mancy & Dorice Agol & Elissaios Papyrakis, 2023. "Resource Risk and the Origins of Inequality: Evidence from a Pastoralist Economy," CESifo Working Paper Series 10611, CESifo.
    13. Archawa Paweenawat & Robert Townsend, 2019. "The Impact of Regional Isolationism: Disentangling Real and Financial Factors," PIER Discussion Papers 109, Puey Ungphakorn Institute for Economic Research.
    14. Ahmed Tahoun & Florin P. Vasvari, 2016. "Political Lending," Working Papers Series 47, Institute for New Economic Thinking.

  11. Robert M. Townsend & Kenichi Ueda, 2010. "Welfare Gains From Financial Liberalization," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 51(3), pages 553-597, August.

    Cited by:

    1. Mengus, Eric & Roberto Pancrazi, 2015. "The Inequality Accelerator," Economic Research Papers 270216, University of Warwick - Department of Economics.
    2. Jeremy Greenwood & Juan M. Sanchez & Cheng Wang, 2009. "Financing development : the role of information costs," Working Paper 08-08, Federal Reserve Bank of Richmond.
    3. Juan Sanchez & Jeremy Greenwood & Harold Cole, 2012. "Why Doesn't Technology Flow from Rich to Poor Countries?," 2012 Meeting Papers 834, Society for Economic Dynamics.
    4. Jeremy Greenwood & Juan M. Sanchez & Cheng Wang, 2010. "Quantifying the Impact of Financial Development on Economic Development," Economie d'Avant Garde Research Reports 17, Economie d'Avant Garde.
    5. Alessandra Bonfiglioli, 2006. "Financial integration, productivity and capital accumulation," Economics Working Papers 988, Department of Economics and Business, Universitat Pompeu Fabra.
    6. Sonia Ruano & Robert M. Townsend & Jesus Saurina & Alexander Karaivanov, 2010. "No Bank, One Bank, Several Banks: Does It Matter for Investment?," 2010 Meeting Papers 669, Society for Economic Dynamics.
    7. Ms. Sanchita Mukherjee & Ms. Rina Bhattacharya, 2011. "Inflation Targeting and Monetary Policy Transmission Mechanisms in Emerging Market Economies," IMF Working Papers 2011/229, International Monetary Fund.
    8. Alem, Mauro & Townsend, Robert M., 2014. "An evaluation of financial institutions: Impact on consumption and investment using panel data and the theory of risk-bearing," Journal of Econometrics, Elsevier, vol. 183(1), pages 91-103.
    9. Fan Wang, 2022. "An Empirical Equilibrium Model of Formal and Informal Credit Markets in Developing Countries," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 46, pages 224-243, October.
    10. Kym Anderson, 2012. "Costing Global Trade Barriers, 1900 to 2050," Departmental Working Papers 2012-08, The Australian National University, Arndt-Corden Department of Economics.
    11. Chari, Anusha & Henry, Peter Blair & Moussa, Racha, 2022. "Do finite horizons matter? The welfare consequences of capital account liberalization," Economic Modelling, Elsevier, vol. 114(C).
    12. Ms. Enrica Detragiache & Mr. Gianni De Nicolo & Ms. Senay Agca, 2007. "Financial Reforms, Financial Openness, and Corporate Borrowing: International Evidence," IMF Working Papers 2007/186, International Monetary Fund.
    13. Radhika Lahiri & Zivanemoyo Chinzara, 2022. "Institutional reform, technology adoption and redistribution: a political economy perspective," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 59(2), pages 361-400, August.
    14. Claessens, Stijn & Ueda, Kenichi & Yafeh, Yishay, 2014. "Institutions and financial frictions: Estimating with structural restrictions on firm value and investment," Journal of Development Economics, Elsevier, vol. 110(C), pages 107-122.
    15. Mr. Kenichi Ueda, 2008. "Life Expectancy and Income Convergence in the World: A Dynamic General Equilibrium Analysis," IMF Working Papers 2008/158, International Monetary Fund.
    16. Kym Anderson, 2016. "Agricultural Trade, Policy Reforms, and Global Food Security," Palgrave Studies in Agricultural Economics and Food Policy, Palgrave Macmillan, number 978-1-137-46925-0, August.
    17. Guven, Cahit, 2016. "Financial integration: The role of tradable and non-tradable goods," Economic Modelling, Elsevier, vol. 53(C), pages 345-353.

  12. Robert Townsend, 2010. "Financial Structure and Economic Welfare: Applied General Equilibrium Development Economics," Annual Review of Economics, Annual Reviews, vol. 2(1), pages 507-546, September.

    Cited by:

    1. Doepke, M. & Tertilt, M., 2016. "Families in Macroeconomics," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1789-1891, Elsevier.
    2. N’Guessan, Marie Noëlle & Hartarska, Valentina, 2021. "Funding for BOP in Emerging Markets: Organizational Forms and Capital Structures of Microfinance Institutions," Research in International Business and Finance, Elsevier, vol. 58(C).
    3. Christian Ahlin & Hyeok Jeong, 2021. "A conditional Gini: measure, estimation, and application," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 19(2), pages 363-384, June.
    4. Michael Christian Lehman, 2014. "Long-Run Effects Of Conditional Cash Transfers," Anais do XLI Encontro Nacional de Economia [Proceedings of the 41st Brazilian Economics Meeting] 223, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    5. Oleg Itskhoki & Benjamin Moll, 2019. "Optimal Development Policies With Financial Frictions," Econometrica, Econometric Society, vol. 87(1), pages 139-173, January.
    6. Shaker Akhtekhane, Saeed, 2020. "Impact of entry costs on aggregate productivity: financial development matters," MPRA Paper 115221, University Library of Munich, Germany.
    7. Mihaela-Cristina Onica & Jalba Silvia & Nedelcu Andreea - Izabela, 2015. "Comparative Analysis Regarding The Study Of The Financial Balance Of Companies Listed On The Stock Market," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 509-525.

  13. William Jack & Tavneet Suri & Robert M. Townsend, 2010. "Monetary theory and electronic money : reflections on the Kenyan experience," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 96(1Q), pages 83-122.

    Cited by:

    1. Katharina Michaelowa & Franziska Spörri, 2012. "ICT als Beschäftigungsmotor in den Entwicklungsländern?," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 81(3), pages 85-97.
    2. Schmidt, Tobias & Stix, Helmut & Huynh, Kim P. & Kosse, Anneke & Schuh, Scott & Bagnall, John & Bounie, David, 2014. "Consumer cash usage: a cross-country comparison with payment diary survey data," Working Paper Series 1685, European Central Bank.
    3. S. V. Krishna Kishore & Aloysius Henry Sequeira, 2016. "An Empirical Investigation on Mobile Banking Service Adoption in Rural Karnataka," SAGE Open, , vol. 6(1), pages 21582440166, March.
    4. Jenny C. Aker & Rachid Boumnijel & Amanda McClelland & Niall Tierney, 2016. "Payment Mechanisms and Antipoverty Programs: Evidence from a Mobile Money Cash Transfer Experiment in Niger," Economic Development and Cultural Change, University of Chicago Press, vol. 65(1), pages 1-37.
    5. J Paul Dunne & Elizabeth Kasekende, 2017. "Mobile Money and Household Consumption Patterns in Uganda," SALDRU Working Papers 210, Southern Africa Labour and Development Research Unit, University of Cape Town.
    6. Beck, T.H.L. & Pamuk, H. & Uras, R.B. & Ramrattan, R., 2015. "Mobile Money, Trade Credit and Economic Development : Theory and Evidence," Other publications TiSEM 3d35ab30-05ef-4a31-8710-f, Tilburg University, School of Economics and Management.
    7. Hun Myoung Park & Mohammad Tarikul Islam, 2013. "Did Mobile Payments Make Difference in "Unbanked" Rural Communities? Empirical Evidence from the Electronic Money Transform System of the Bangladesh Post Office," Working Papers EMS_2013_13, Research Institute, International University of Japan.
    8. Marc Rysman & Scott Schuh, 2016. "New Innovations in Payments," NBER Working Papers 22358, National Bureau of Economic Research, Inc.
    9. Krislert Samphantharak & Scott Schuh & Robert M. Townsend, 2018. "Integrated Household Surveys: An Assessment Of U.S. Methods And An Innovation," Economic Inquiry, Western Economic Association International, vol. 56(1), pages 50-80, January.
    10. Tut, Daniel, 2023. "FinTech and the COVID-19 pandemic: Evidence from electronic payment systems," Emerging Markets Review, Elsevier, vol. 54(C).
    11. Kosmas Njanike & Raphael T. Mpofu, 2024. "Factors Influencing Financial Inclusion for Social Inclusion in Selected African Countries," Insight on Africa, , vol. 16(1), pages 93-112, January.
    12. Aysen Bakkaloglu & Yavuz Toraman, 2022. "Examining Individuals’ Attitudes Toward Electronic Money in the Framework of the Technology Acceptance Model," Journal of Economic Policy Researches, Istanbul University, Faculty of Economics, vol. 9(2), pages 475-494, July.
    13. Rasmi Ranjan Behera & Rajas Saroy & Sarat Dhal, 2023. "Digital Payments in Urban Odisha: Insights from a Primary Survey," Review of Development and Change, , vol. 28(2), pages 141-165, December.
    14. Tristan Dissaux, 2023. "Geographies of Monetary Exclusion in Kenyan Slums: Financial Inclusion in Question," Development and Change, International Institute of Social Studies, vol. 54(1), pages 87-116, January.
    15. Ahmad Hassan Ahmad & Christopher Green & Fei Jiang, 2020. "Mobile Money, Financial Inclusion And Development: A Review With Reference To African Experience," Journal of Economic Surveys, Wiley Blackwell, vol. 34(4), pages 753-792, September.
    16. Michael N.A. Mensah & Adusei Jumah, 2021. "Electronic Money and Consumer Spending Behaviour: Evidence from Ghana," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 11(3), pages 1-6.

  14. Townsend, Robert M. & Urzua, Sergio S., 2009. "Measuring The Impact Of Financial Intermediation: Linking Contract Theory To Econometric Policy Evaluation," Macroeconomic Dynamics, Cambridge University Press, vol. 13(S2), pages 268-316, September.

    Cited by:

    1. Barnett, William A. & Diewert, W. Erwin & Zellner, Arnold, 2009. "Introduction To Measurement With Theory," Macroeconomic Dynamics, Cambridge University Press, vol. 13(S2), pages 151-168, September.
    2. Arun Chandrasekhar & Victor Chernozhukov & Francesca Molinari & Paul Schrimpf, 2012. "Inference for best linear approximations to set identified functions," CeMMAP working papers CWP43/12, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
    3. Alem, Mauro & Townsend, Robert M., 2014. "An evaluation of financial institutions: Impact on consumption and investment using panel data and the theory of risk-bearing," Journal of Econometrics, Elsevier, vol. 183(1), pages 91-103.
    4. Arun Chandrasekhar & Victor Chernozhukov & Francesca Molinari & Paul Schrimpf, 2019. "Best linear approximations to set identified functions: with an application to the gender wage gap," CeMMAP working papers 09/19, Institute for Fiscal Studies.

  15. John Felkner & Kamilya Tazhibayeva & Robert Townsend, 2009. "Impact of Climate Change on Rice Production in Thailand," American Economic Review, American Economic Association, vol. 99(2), pages 205-210, May.

    Cited by:

    1. Lechan Yang & Zhihao Qin & Lili Tu, 2015. "Responses of rice yields in different rice-cropping systems to climate variables in the middle and lower reaches of the Yangtze River, China," Food Security: The Science, Sociology and Economics of Food Production and Access to Food, Springer;The International Society for Plant Pathology, vol. 7(5), pages 951-963, October.
    2. Lokonon, Boris Odilon & Savadogo, Kimseyinga & Mbaye, Ahmadou, 2015. "Assessing the impacts of climate shocks on farm performance and adaptation responses in the Niger basin of Benin," African Journal of Agricultural and Resource Economics, African Association of Agricultural Economists, vol. 10(3), pages 1-16, September.
    3. Julie E. Shortridge & Stefanie M. Falconi & Benjamin F. Zaitchik & Seth D. Guikema, 2015. "Climate, agriculture, and hunger: statistical prediction of undernourishment using nonlinear regression and data-mining techniques," Journal of Applied Statistics, Taylor & Francis Journals, vol. 42(11), pages 2367-2390, November.
    4. Sirikarn Lertamphainont & Robert Sparrow, 2016. "The Economic Impacts of Extreme Rainfall Events on Farming Households: Evidence from Thailand," PIER Discussion Papers 45, Puey Ungphakorn Institute for Economic Research.
    5. Zhuldyz Ashikbayeva & Marei Fürstenberg & Timo Kapelari & Albert Pierres & Stephan Thies, 2020. "Household level effects of flooding: Evidence from Thailand," TVSEP Working Papers wp-022, Leibniz Universitaet Hannover, Institute of Development and Agricultural Economics, Project TVSEP.
    6. Nicolas Pazos & Marta Favara & Alan Sánchez & Douglas Scott & Jere Behrman, 2022. "Long-term effects of rainfall shocks on foundational cognitive skills: Evidence from Peru," PIER Working Paper Archive 23-001, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    7. C. Rashaad Shabab, 2021. "Local droughts and income risk among Thai households," Review of Development Economics, Wiley Blackwell, vol. 25(4), pages 2084-2112, November.
    8. Katharina Grabrucker & Michael Grimm, 2021. "Is There a Rainbow after the Rain? How Do Agricultural Shocks Affect Non‐Farm Enterprises? Evidence from Thailand," American Journal of Agricultural Economics, John Wiley & Sons, vol. 103(5), pages 1612-1636, October.
    9. Jacqueline Meijer-Irons, 2015. "Who perceives what? A demographic analysis of subjective perception in rural Thailand," Vienna Yearbook of Population Research, Vienna Institute of Demography (VID) of the Austrian Academy of Sciences in Vienna, vol. 13(1), pages 167-191.
    10. Ahmad, Munir & Nawaz, Muhammad & Iqbal, Muhammad & Javed, Sajid, 2014. "Analysing the Impact of Climate Change on Rice Productivity in Pakistan," MPRA Paper 72861, University Library of Munich, Germany.
    11. Danyelle Branco & José Féres, 2021. "Weather Shocks and Labor Allocation: Evidence from Rural Brazil," American Journal of Agricultural Economics, John Wiley & Sons, vol. 103(4), pages 1359-1377, August.
    12. Gao, Jianfeng & Mills, Bradford F., 2017. "Weather Shocks, Coping Strategies and Consumption Dynamics in Rural Ethiopia," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258272, Agricultural and Applied Economics Association.
    13. Jonatan A. Lassa & Allen Yu-Hung Lai & Tian Goh, 2016. "Climate extremes: an observation and projection of its impacts on food production in ASEAN," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 84(1), pages 19-33, November.
    14. Dan Wang & Yu Hao & Jianpei Wang, 2018. "Impact Of Climate Change On China’S Rice Production — An Empirical Estimation Based On Panel Data (1979–2011) From China’S Main Rice-Producing Areas," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 63(03), pages 535-553, June.
    15. Ajetomobi, Joshua Olusegun, 2016. "Sensitivity of Crop Yield to Extreme Weather in Nigeria," 2016 Fifth International Conference, September 23-26, 2016, Addis Ababa, Ethiopia 246919, African Association of Agricultural Economists (AAAE).
    16. Kotsogiannis, Christos & Woodland, Alan, 2013. "Climate and international trade policies when emissions affect production possibilities," Journal of Environmental Economics and Management, Elsevier, vol. 66(2), pages 166-184.
    17. Shahbaz Bhatti & Sarfraz Hassan & Khalid Mushtaq & Kamran Javed, 2020. "Investigation The Impact Of Climate Change On Productivity Of Cotton: Empirical Evidence From Cotton Zone," Big Data In Agriculture (BDA), Zibeline International Publishing, vol. 2(1), pages 1-4, February.
    18. Zaura Fadhliani & Jeff Luckstead & Eric J. Wailes, 2019. "The impacts of multiperil crop insurance on Indonesian rice farmers and production," Agricultural Economics, International Association of Agricultural Economists, vol. 50(1), pages 15-26, January.
    19. Traore, Seydou & Zhang, Lei & Guven, Aytac & Fipps, Guy, 2020. "Rice yield response forecasting tool (YIELDCAST) for supporting climate change adaptation decision in Sahel," Agricultural Water Management, Elsevier, vol. 239(C).

  16. Xavier Giné & Robert Townsend & James Vickery, 2008. "Patterns of Rainfall Insurance Participation in Rural India," The World Bank Economic Review, World Bank, vol. 22(3), pages 539-566, October.
    See citations under working paper version above.
  17. Madeira, Gabriel A. & Townsend, Robert M., 2008. "Endogenous groups and dynamic selection in mechanism design," Journal of Economic Theory, Elsevier, vol. 142(1), pages 259-293, September.

    Cited by:

    1. Weerachart T. Kilenthong & Gabriel A. Madeira, 2017. "Observability and endogenous organizations," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 63(3), pages 587-619, March.
    2. Archawa Paweenawat, 2022. "Relative Performance Contracts versus Group Contracts with Hidden Savings," PIER Discussion Papers 176, Puey Ungphakorn Institute for Economic Research.
    3. Kocherlakota, Narayana & Wright, Randall, 2008. "Introduction to monetary and macro economics," Journal of Economic Theory, Elsevier, vol. 142(1), pages 1-4, September.
    4. Weerachart Kilenthong, 2015. "Observability and Endogenous Organizations," PIER Discussion Papers 13, Puey Ungphakorn Institute for Economic Research.

  18. Jeong, Hyeok & Townsend, Robert M., 2008. "Growth And Inequality: Model Evaluation Based On An Estimation-Calibration Strategy," Macroeconomic Dynamics, Cambridge University Press, vol. 12(S2), pages 231-284, September.
    See citations under working paper version above.
  19. Ahlin, Christian & Townsend, Robert M., 2007. "Selection into and across credit contracts: Theory and field research," Journal of Econometrics, Elsevier, vol. 136(2), pages 665-698, February.
    See citations under working paper version above.
  20. Christian Ahlin & RobertM. Townsend, 2007. "Using Repayment Data to Test Across Models of Joint Liability Lending," Economic Journal, Royal Economic Society, vol. 117(517), pages 11-51, February.
    See citations under working paper version above.
  21. Xavier Giné & Robert Townsend & James Vickery, 2007. "Statistical Analysis of Rainfall Insurance Payouts in Southern India," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 89(5), pages 1248-1254.
    See citations under working paper version above.
  22. Hyeok Jeong & Robert Townsend, 2007. "Sources of TFP growth: occupational choice and financial deepening," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 32(1), pages 179-221, July.
    See citations under working paper version above.
  23. Doepke, Matthias & Townsend, Robert M., 2006. "Dynamic mechanism design with hidden income and hidden actions," Journal of Economic Theory, Elsevier, vol. 126(1), pages 235-285, January.
    See citations under working paper version above.
  24. Edward Simpson Prescott & Robert M. Townsend, 2006. "Firms as Clubs in Walrasian Markets with Private Information," Journal of Political Economy, University of Chicago Press, vol. 114(4), pages 644-671, August.
    See citations under working paper version above.
  25. Anna L. Paulson & Robert M. Townsend & Alexander Karaivanov, 2006. "Distinguishing Limited Liability from Moral Hazard in a Model of Entrepreneurship," Journal of Political Economy, University of Chicago Press, vol. 114(1), pages 100-144, February.

    Cited by:

    1. Christian Ahlin & Hyeok Jeong, 2021. "A conditional Gini: measure, estimation, and application," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 19(2), pages 363-384, June.
    2. Gurley–Calvez, Tami & Bruce, Donald, 2008. "Do Tax Cuts Promote Entrepreneurial Longevity?," National Tax Journal, National Tax Association;National Tax Journal, vol. 61(2), pages 225-250, June.
    3. DunGang Zang & Krishna P. Paudel & Yan Liu & Dan Liu & Yating He, 2023. "Financial decision-making behaviors of Ethnic Tibetan Households based on mental accounting," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 9(1), pages 1-26, December.
    4. Julia Passabom Araujo & Mauro Rodrigues, 2016. "Taxation, Credit Constraints And The Informal Economy," Anais do XLIII Encontro Nacional de Economia [Proceedings of the 43rd Brazilian Economics Meeting] 040, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    5. Gine, Xavier & Mansuri, Ghazala, 2014. "Money or ideas ? a field experiment on constraints to entrepreneurship in rural Pakistan," Policy Research Working Paper Series 6959, The World Bank.
    6. Ma, Shuang & Wu, Xi & Gan, Li, 2019. "Credit accessibility, institutional deficiency and entrepreneurship in China," China Economic Review, Elsevier, vol. 54(C), pages 160-175.
    7. Asif M. Islam & Silvia Muzi, 2022. "Does mobile money enable women-owned businesses to invest? Firm-level evidence from Sub-Saharan Africa," Small Business Economics, Springer, vol. 59(3), pages 1245-1271, October.
    8. Simon C. Parker & C. Mirjam van Praag, 2006. "The Entrepreneur's Mode of Entry: Business Takeover or New Venture Start?," Tinbergen Institute Discussion Papers 06-089/3, Tinbergen Institute.
    9. Kiminori Matsuyama, 2007. "Aggregate Implications of Credit Market Imperfections," NBER Working Papers 13209, National Bureau of Economic Research, Inc.
    10. Philippe Alby & Emmanuelle Auriol & Pierre Nguimkeu, 2020. "Does Social Pressure Hinder Entrepreneurship in Africa? The Forced Mutual Help Hypothesis," Economica, London School of Economics and Political Science, vol. 87(346), pages 299-327, April.
    11. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2015. "Entrepreneurship and Financial Frictions: A Macro-Development Perspective," NBER Working Papers 21107, National Bureau of Economic Research, Inc.
    12. Liu, Dan & Jin, Yanhong & Pray, Carl & Liu, Shuang, 2020. "The Effects of Digital Inclusive Finance on Household Income and Income Inequality in China?," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304238, Agricultural and Applied Economics Association.
    13. Thomas Gries & Wim Naudé, 2009. "When to Start a New Firm?: Modelling the Timing of Novice and Serial Entrepreneurs," WIDER Working Paper Series RP2009-39, World Institute for Development Economic Research (UNU-WIDER).
    14. Beck, Thorsten & Pamuk, Haki & Ramrattan, Ravindra & Uras, Burak R., 2018. "Payment instruments, finance and development," Journal of Development Economics, Elsevier, vol. 133(C), pages 162-186.
    15. Nikolov, Boris & Schmid, Lukas & Steri, Roberto, 2021. "The Sources of Financing Constraints," Journal of Financial Economics, Elsevier, vol. 139(2), pages 478-501.
    16. Tino Sanandaji & Peter T. Leeson, 2013. "Billionaires," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 22(1), pages 313-337, February.
    17. Jeremy Greenwood & Pengfei Han & Juan M. Sanchez, 2017. "Financing Ventures," Working Papers 2017-035, Federal Reserve Bank of St. Louis, revised Nov 2021.
    18. Hugo A. Hopenhayn & Galina Vereshchagina, 2003. "Risk Taking by Entrepreneurs," RCER Working Papers 500, University of Rochester - Center for Economic Research (RCER).
    19. Benjamin Moll & Robert M. Townsend & Victor Zhorin, 2013. "Economic Development, Flow of Funds and the Equilibrium Interaction of Financial Frictions," NBER Working Papers 19618, National Bureau of Economic Research, Inc.
    20. Xavier Gine & Jessica Goldberg & Dean Yang, 2012. "Credit Market Consequences of Improved Personal Identification: Field Experimental Evidence from Malawi," American Economic Review, American Economic Association, vol. 102(6), pages 2923-2954, October.
    21. Asli Demirgüç-Kunt & Ross Levine, 2009. "Finance and Inequality: Theory and Evidence," Annual Review of Financial Economics, Annual Reviews, vol. 1(1), pages 287-318, November.
    22. Mele, Antonio, 2011. "Repeated moral hazard and recursive Lagrangeans," MPRA Paper 30310, University Library of Munich, Germany.
    23. Champonnois, Sylvain, 2006. "Comparing financial systems: a structural analysis," Working Paper Series 702, European Central Bank.
    24. Klonner, S. & Rai, A.S., 2010. "Financial Fragmentation and Insider Arbitrage," Discussion Paper 2010-36S, Tilburg University, Center for Economic Research.
    25. Gutiérrez Oscar & Ortín-Ángel Pedro, 2016. "Entrepreneurship and the Legal Form of Businesses: The Role of Differences in Beliefs," Review of Law & Economics, De Gruyter, vol. 12(1), pages 119-151, March.
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    33. Giné, Xavier, 2011. "Access to capital in rural Thailand: An estimated model of formal vs. informal credit," Journal of Development Economics, Elsevier, vol. 96(1), pages 16-29, September.
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    35. Neus Herranz, & Stefan Krasa, & Anne P. Villamil, 2013. "Entrepreneurs, Risk Aversion and Dynamic Firms," Centre for Growth and Business Cycle Research Discussion Paper Series 189, Economics, The University of Manchester.
    36. Ms. Era Dabla-Norris & Yan Ji & Robert M. Townsend & Ms. Filiz D Unsal, 2015. "Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality: A Structural Framework for Policy," IMF Working Papers 2015/022, International Monetary Fund.
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    39. Víctor M. González-Sánchez & Antonio Martínez Raya & Susana de los Ríos-Sastre, 2020. "An Empirical Study for European Countries: Factors Affecting Economic Growth and Self-Employment by Gender," Sustainability, MDPI, vol. 12(22), pages 1-15, November.
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    42. Yan Zheng & Tomislav Vukina & Xiaoyong Zheng, 2021. "Risk aversion, moral hazard, and gender differences in health care utilization," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 46(1), pages 35-60, March.
    43. Raquel Fonseca & Pierre-Carl Michaud & Thepthida Sopraseuth, 2007. "Entrepreneurship, Liquidity Constraints and Start-up Costs," Social and Economic Dimensions of an Aging Population Research Papers 173, McMaster University.
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    49. Minniti, Maria & Lévesque, Moren, 2008. "Recent developments in the economics of entrepreneurship," Journal of Business Venturing, Elsevier, vol. 23(6), pages 603-612, November.
    50. Townsend, Robert & Dabla-Norris, Era & Ji, Yan & Unsal, Filiz, 2017. "Distinguishing Constraints on Financial Inclusion and Their Impact on GDP and Inequality," CEPR Discussion Papers 11742, C.E.P.R. Discussion Papers.
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    53. Douglas L. Miller & Anna L. Paulson, 2007. "Risk taking and the quality of informal insurance: gambling and remittances in Thailand," Working Paper Series WP-07-01, Federal Reserve Bank of Chicago.
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    67. Sandra M. Sánchez‐Cañizares & L. Javier Cabeza‐Ramírez & M. Dolores Guerrero‐Baena, 2020. "Evaluation of self‐employment support policies using survival analysis. The discounted flat rate in Andalusia (Spain)," Papers in Regional Science, Wiley Blackwell, vol. 99(5), pages 1389-1411, October.
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  26. Joseph P. Kaboski & Robert M. Townsend, 2005. "Policies and Impact: An Analysis of Village-Level Microfinance Institutions," Journal of the European Economic Association, MIT Press, vol. 3(1), pages 1-50, March.

    Cited by:

    1. Boonperm, Jirawan & Haughton, Jonathan & Khandker, Shahidur R. & Rukumnuaykit, Pungpond, 2012. "Appraising the Thailand village fund," Policy Research Working Paper Series 5998, The World Bank.
    2. Diego Vera-Cossio, 2022. "Targeting Credit through Community Members," Journal of the European Economic Association, European Economic Association, vol. 20(2), pages 778-821.
    3. Nidhiya Menon & Yana van der Meulen Rodgers, 2011. "How Access to Credit Affects Self-employment: Differences by Gender during India's Rural Banking Reform," Journal of Development Studies, Taylor & Francis Journals, vol. 47(1), pages 48-69.
    4. Kislat, Carmen & Menkhoff, Lukas & Neuberger, Doris, 2013. "The use of collateral in formal and informal lending," Kiel Working Papers 1879, Kiel Institute for the World Economy (IfW Kiel).
    5. Ruchira Bhattamishra, 2012. "Grain Bank Survival and Longevity: Evidence from Orissa," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 6(3), pages 311-336, August.
    6. Geng, Xin & Janssens, Wendy & Kramer, Berber, 2023. "Liquid milk: Savings, insurance and side-selling in cooperatives," Journal of Development Economics, Elsevier, vol. 165(C).
    7. Islam, Asadul, 2015. "Heterogeneous effects of microcredit: Evidence from large-scale programs in Bangladesh," Journal of Asian Economics, Elsevier, vol. 37(C), pages 48-58.
    8. Miriam Bruhn & Inessa Love, 2011. "Gender differences in the impact of banking services: evidence from Mexico," Small Business Economics, Springer, vol. 37(4), pages 493-512, November.
    9. Islam, Asadul, 2010. "Medium and Long-Term Participation in Microcredit: An Evaluation Using a New Panel Dataset from Bangladesh," MPRA Paper 24950, University Library of Munich, Germany.
    10. Boonperm, Jirawan & Haughton, Jonathan & Khandker, Shahidur R., 2013. "Does the Village Fund matter in Thailand? Evaluating the impact on incomes and spending," Journal of Asian Economics, Elsevier, vol. 25(C), pages 3-16.
    11. Islam, Asadul & Nguyen, Chau & Smyth, Russell, 2015. "Does microfinance change informal lending in village economies? Evidence from Bangladesh," Journal of Banking & Finance, Elsevier, vol. 50(C), pages 141-156.
    12. Pim Pinitjitsamut & Wisarut Suwanprasert, 2022. "Informal Loans in Thailand: Stylized Facts and Empirical Analysis," PIER Discussion Papers 173, Puey Ungphakorn Institute for Economic Research.
    13. Brian Greaney & Joseph P. Kaboski & Eva Van Leemput, 2013. "Can Self-Help Groups Really Be "Self-Help"?," NBER Working Papers 18970, National Bureau of Economic Research, Inc.
    14. J. David Brown & John S. Earle & Dana Lup, 2003. "What Makes Small Firms Grow? Finance, Human Capital, Technical Assistance, and the Business Environment in Romania," Upjohn Working Papers 03-94, W.E. Upjohn Institute for Employment Research.
    15. ABEBE, Girum & TEKLE, Biruk & MANO, Yukichi & 真野, 裕吉, 2015. "Changing saving and investment behavior: the impact of financial literacy training and reminders on micro-businesses," Discussion paper series HIAS-E-15, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.
    16. Thorsten Beck & Haki Pamuk & Burak R. Uras, 2017. "Entrepreneurial Saving Practices and Reinvestment: Theory and Evidence," Review of Development Economics, Wiley Blackwell, vol. 21(4), pages 1205-1228, November.
    17. Timothée Demont, 2022. "Coping with shocks: How Self-Help Groups impact food security and seasonal migration," Post-Print hal-03882344, HAL.
    18. Mukendi, Suzan & Manda, Simon, 2022. "Micro-financial institutions and processes of women empowerment in Zambia," World Development Perspectives, Elsevier, vol. 28(C).
    19. Ozge Senay & Alan Sutherland, 2008. "A quantitative analysis of cost-push shocks and optimal inflation volatility," Applied Economics Letters, Taylor & Francis Journals, vol. 15(10), pages 753-757.
    20. Ragasa, Catherine, 2012. "Gender and Institutional Dimensions of Agricultural Technology Adoption: A Review of Literature and Synthesis of 35 Case Studies," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 126747, International Association of Agricultural Economists.
    21. Weiss, John & Montgomery, Heather & Kurmanalieva, Elvira, 2003. "Micro finance and poverty reduction in Asia: what is the evidence?," MPRA Paper 33140, University Library of Munich, Germany.
    22. Dean Karlan & Jonathan Zinman, 2006. "Expanding credit access: Using randomized supply decisions to estimate the impacts," Natural Field Experiments 00281, The Field Experiments Website.
    23. C. Rashaad Shabab, 2021. "Local droughts and income risk among Thai households," Review of Development Economics, Wiley Blackwell, vol. 25(4), pages 2084-2112, November.
    24. Kar, Saibal & Dutta, Meghna, 2014. "The unorganised sector and access to finance in rural India," MPRA Paper 103449, University Library of Munich, Germany.
    25. Bazzi, Samuel & Sumarto, Sudarno & Suryahadi, Asep, 2013. "It's All in the Timing:Household Expenditure and Labor Supply Responses to Unconditional Cash Transfers," MPRA Paper 57892, University Library of Munich, Germany, revised 31 Nov 2013.
    26. Jonathan Zinman & Dean Karlan, 2009. "Expanding Microenterprise Credit Access: Using Randomized Supply Decisions to Estimate the Impacts in Manila," Working Papers 976, Economic Growth Center, Yale University.
    27. Cherry Wyle G. Layaoen & Kazushi Takahashi, 2022. "Can microfinance lending crowd out informal lenders? Evidence from the Philippines," Journal of International Development, John Wiley & Sons, Ltd., vol. 34(2), pages 379-414, March.
    28. Dupas, Pascaline & Robinson, Jonathan, 2012. "Savings Constraints and Microenterprise Development: Evidence from a Field Experiment in Kenya," Santa Cruz Department of Economics, Working Paper Series qt1rg2d9mm, Department of Economics, UC Santa Cruz.
    29. Jonathan Haughton & Shahidur R. Khandker & Pungpond Rukumnuaykit, 2014. "Microcredit on a Large Scale: Appraising the Thailand Village Fund," Asian Economic Journal, East Asian Economic Association, vol. 28(4), pages 363-388, December.
    30. Menkhoff, Lukas & Rungruxsirivorn, Ornsiri, 2009. "Village Funds in the Rural Credit Market of Thailand," Proceedings of the German Development Economics Conference, Frankfurt a.M. 2009 45, Verein für Socialpolitik, Research Committee Development Economics.
    31. Weiss, John & Montgomery, Heather, 2004. "Great expectations: microfinance and poverty reduction in Asia and Latin America," MPRA Paper 33142, University Library of Munich, Germany.
    32. Menkhoff, Lukas & Rungruxsirivorn, Ornsiri, 2009. "Village Funds and Access to Finance in Rural Thailand," Hannover Economic Papers (HEP) dp-417, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    33. Yoshino, Naoyuki & Morgan, Peter J., 2016. "Overview of Financial Inclusion, Regulation, and Education," ADBI Working Papers 591, Asian Development Bank Institute.
    34. Joseph P. Kaboski & Robert M. Townsend, 2011. "A Structural Evaluation of a Large‐Scale Quasi‐Experimental Microfinance Initiative," Econometrica, Econometric Society, vol. 79(5), pages 1357-1406, September.
    35. Abhijit Banerjee & Esther Duflo & Rachel Glennerster & Cynthia Kinnan, 2015. "The Miracle of Microfinance? Evidence from a Randomized Evaluation," American Economic Journal: Applied Economics, American Economic Association, vol. 7(1), pages 22-53, January.
    36. Augsburg, Britta & de Haas, Ralph & Harmgart, Heike & Meghir, Costas, 2014. "Microfinance at the margin: Experimental evidence from Bosnia and Herzegovina," Discussion Papers, Research Unit: Economics of Change SP II 2014-304, WZB Berlin Social Science Center.
    37. Díaz Serrano, Lluís & Sackey, Frank G., 2015. "Microfinance and credit rationing in Ghana: Does the microfinance type matter?," Working Papers 2072/247802, Universitat Rovira i Virgili, Department of Economics.
    38. Ahlin, Christian & Lin, Jocelyn & Maio, Michael, 2011. "Where does microfinance flourish? Microfinance institution performance in macroeconomic context," Journal of Development Economics, Elsevier, vol. 95(2), pages 105-120, July.
    39. Grimm, Michael & Paffhausen, Anna Luisa, 2015. "Do interventions targeted at micro-entrepreneurs and small and medium-sized firms create jobs? A systematic review of the evidence for low and middle income countries," Labour Economics, Elsevier, vol. 32(C), pages 67-85.
    40. Britta Augsburg & Ralph De Haas & Heike Harmgart & Costas Meghir, 2012. "Microfinance at the Microfinance at the margin: experimental evidence from Bosnia and Herzegovina vidence from Bosnia and Herzegovina," Working Papers 146, European Bank for Reconstruction and Development, Office of the Chief Economist.
    41. Christian Ahlin & Neville Jiang, 2005. "Can Micro-Credit Bring Development?," Vanderbilt University Department of Economics Working Papers 05019, Vanderbilt University Department of Economics.
    42. Timothée Demont, 2020. "Coping with shocks: the impact of Self-Help Groups on migration and food security," AMSE Working Papers 2016, Aix-Marseille School of Economics, France.
    43. Menkhoff, Lukas & Suwanaporn, Chodechai, 2007. "10 Years after the crisis: Thailand's financial system reform," Journal of Asian Economics, Elsevier, vol. 18(1), pages 4-20, February.
    44. Islam, Asadul & Choe, Chongwoo, 2009. "Child Labour and Schooling Responses to Access to Microcredit in Rural Bangladesh," MPRA Paper 16842, University Library of Munich, Germany.
    45. Orazio Attanasio & Britta Augsburg & Ralph De Haas & Emla Fitzsimons & Heike Harmgart, 2011. "Group lending or individual lending? Evidence from a randomised field experiment in Mongolia," IFS Working Papers W11/20, Institute for Fiscal Studies.
    46. Bruhn, Miriam & Love, Inessa, 2009. "The economic impact of banking the unbanked : evidence from Mexico," Policy Research Working Paper Series 4981, The World Bank.
    47. Aeggarchat Sirisankanan, 2013. "Do agricultural households share risks in Thailand? Evidence from Thai household socio-economic panel survey data," Asia-Pacific Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 20(2), pages 89-108, December.
    48. Cécile Aubert & Elisabeth Sadoulet & Alain de Janvry, 2009. "Designing Credit Agent Incentives to Prevent Mission Drift in Pro-Poor Microfinance Institutions," Post-Print hal-00382221, HAL.
    49. Diaz-Serrano, Luis & Sackey, Frank Gyimah, 2015. "Is Rationing in the Microfinance Sector Determined by the Microfinance Type? Evidence from Ghana," IZA Discussion Papers 8999, Institute of Labor Economics (IZA).
    50. Lukas Menkhoff & Doris Neuberger & Ornsiri Rungruxsirivorn, 2011. "Collateral and its Substitutes in Emerging Markets' Lending," CESifo Working Paper Series 3585, CESifo.
    51. Nurbekyan, Armen & Hovanessian, Naneh, 2018. "Financial Inclusion, Regulation, Financial Literacy, and Financial Education in Armenia," ADBI Working Papers 843, Asian Development Bank Institute.
    52. Asadul Islam & Chandana Maitra & Debayan Pakrashi & Russell Smyth, 2016. "Microcredit Programme Participation and Household Food Security in Rural Bangladesh," Journal of Agricultural Economics, Wiley Blackwell, vol. 67(2), pages 448-470, June.
    53. Britta Augsburg & Ralph De Haas & Heike Harmgart & Costas Meghir, 2012. "Microfinance, Poverty and Education," IFS Working Papers W12/15, Institute for Fiscal Studies.
    54. Carvalho, Leandro S. & Prina, Silvia & Sydnor, Justin, 2016. "The effect of saving on risk attitudes and intertemporal choices," Journal of Development Economics, Elsevier, vol. 120(C), pages 41-52.
    55. Mukhopadhyay, Jyoti Prasad, 2014. "Does access to microfinance affect consumption inequality? :evidence from a randomized controlled trial in Andhra Pradesh, India," MPRA Paper 58674, University Library of Munich, Germany.
    56. Asadul Islam Author-X-Name-Asadul, 2008. "Who Benefits From Microfinance? The Impact Evaluation Of Large Scale Programs In Bangladesh," Monash Economics Working Papers 29/08, Monash University, Department of Economics.
    57. Nakano, Yuko & Magezi, Eustadius F., 2020. "The impact of microcredit on agricultural technology adoption and productivity: Evidence from randomized control trial in Tanzania," World Development, Elsevier, vol. 133(C).
    58. Zinman, Jonathan, 2010. "Restricting consumer credit access: Household survey evidence on effects around the Oregon rate cap," Journal of Banking & Finance, Elsevier, vol. 34(3), pages 546-556, March.
    59. M Twyeafur Rahman & Hafiz TA Khan, 2013. "The effectiveness of the microcredit programme in Bangladesh," Local Economy, London South Bank University, vol. 28(1), pages 85-98, February.
    60. Menkhoff, Lukas & Rungruxsirivorn, Ornsiri, 2011. "Do Village Funds Improve Access to Finance? Evidence from Thailand," World Development, Elsevier, vol. 39(1), pages 110-122, January.
    61. Mohammad Shahjahan Chowdhury & Faisal Ahmmed & Md. Ismail Hossain, 2020. "Conditionalities of Public Microfinance and the Rural Poor: Voices From the Below," Journal of International Development, John Wiley & Sons, Ltd., vol. 32(4), pages 526-542, May.
    62. Marcello Pagnini & Paola Rossi & Valerio Vacca & Carmen Kislat & Lukas Menkhoff & Doris Neuberger, 2017. "Credit Market Structure and Collateral in Rural Thailand," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 46(3), pages 587-632, November.
    63. Asadul Islam & Debayan Pakrashi, 2014. "The Microcredit Puzzle: Labour Supply Behaviour of Rural Households in Bangladesh," Monash Economics Working Papers 24-14, Monash University, Department of Economics.
    64. Beck, T.H.L. & Pamuk, H. & Uras, R.B., 2014. "Entrepreneurial Saving Practices and Business Investment : Theory and Evidence from Tanzanian MSEs," Other publications TiSEM b2b04b64-d3cf-4c78-9bbe-0, Tilburg University, School of Economics and Management.
    65. Emran, M. Shahe & Morshed, A.K.M Mahbub & Stiglitz, Joseph E., 2011. "Microfinance and Missing Markets," MPRA Paper 41451, University Library of Munich, Germany.
    66. Pranab Kumar Das & Saibal Kar, 2015. "A Study of Demographic and Financial Changes in India," Palgrave Macmillan Books, in: José María Fanelli (ed.), Asymmetric Demography and the Global Economy, chapter 0, pages 213-241, Palgrave Macmillan.
    67. Nidhiya Menon & Yana van der Meulen Rodgers, 2013. "Credit and self-employment," Chapters, in: Deborah M. Figart & Tonia L. Warnecke (ed.), Handbook of Research on Gender and Economic Life, chapter 22, pages 359-377, Edward Elgar Publishing.
    68. Samuel Bazzi & Sudarno Sumarto & Asep Suryahadi, "undated". "It’s All in the Timing: Household Expenditure and Labor Supply Responses to Unconditional Cash Transfers," Working Papers 280, Publications Department.
    69. Carlos Alpizar & Steven Buck, 2006. "The role of trust in access to bank loans: Results from field experiments in the ecuadorian amazon," Artefactual Field Experiments 00016, The Field Experiments Website.

  27. Gine, Xavier & Townsend, Robert M., 2004. "Evaluation of financial liberalization: a general equilibrium model with constrained occupation choice," Journal of Development Economics, Elsevier, vol. 74(2), pages 269-307, August.
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    Cited by:

    1. Simeon D. Alder, 2016. "In the Wrong Hands: Complementarities, Resource Allocation, and TFP," American Economic Journal: Macroeconomics, American Economic Association, vol. 8(1), pages 199-241, January.
    2. Vithessonthi, Chaiporn & Tongurai, Jittima, 2015. "The effect of firm size on the leverage–performance relationship during the financial crisis of 2007–2009," Journal of Multinational Financial Management, Elsevier, vol. 29(C), pages 1-29.
    3. Anna L. Paulson & Robert M. Townsend, 2003. "Distinguishing limited commitment from moral hazard in models of growth with inequality," Working Paper Series WP-03-06, Federal Reserve Bank of Chicago.
    4. Wang, Bo & Yu, Yunjun & Yang, Ziying & Zhang, Xiaomei, 2021. "Microfinance institutions and Peer-to-Peer lending: What does microfinance competition bring?," Pacific-Basin Finance Journal, Elsevier, vol. 67(C).
    5. Mao, Fengfu & Wang, Yuanfan & Zhu, Mengsi, 2023. "Digital financial inclusion, traditional finance system and household entrepreneurship," Pacific-Basin Finance Journal, Elsevier, vol. 80(C).
    6. Yang, Xiaolan & Hong, Xiaoyue & Li, Wenchao, 2023. "“Only children” and entrepreneurship in China: Spillover effects and mechanisms," Pacific-Basin Finance Journal, Elsevier, vol. 79(C).
    7. Jingwen Tan & Shixi Kang, 2021. "Urban Housing Prices and Migration's Fertility Intentions: Based on the 2018 China Migrants' Dynamic Survey," Papers 2112.07273, arXiv.org.
    8. Ma, Shuang & Wu, Xi & Gan, Li, 2019. "Credit accessibility, institutional deficiency and entrepreneurship in China," China Economic Review, Elsevier, vol. 54(C), pages 160-175.
    9. Yousef Makhlouf & Neil M. Kellard & Dmitri V. Vinogradov, 2020. "Finance‐Inequality Nexus: The Long And The Short Of It," Economic Inquiry, Western Economic Association International, vol. 58(4), pages 1977-1994, October.
    10. Fairlie, Robert W. & Krashinsky, Harry A., 2011. "Liquidity Constraints, Household Wealth, and Entrepreneurship Revisited," Santa Cruz Department of Economics, Working Paper Series qt6hv0m2q6, Department of Economics, UC Santa Cruz.
    11. Lijun Zhang & Wenlin Gao & Xiaoxiao Ma & Rongrong Gong, 2023. "Relationship between Disaster Shock Experience and Farmers’ Entrepreneurial Inclination: Crisis or Opportunity?," Agriculture, MDPI, vol. 13(7), pages 1-26, July.
    12. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2015. "Entrepreneurship and Financial Frictions: A Macro-Development Perspective," NBER Working Papers 21107, National Bureau of Economic Research, Inc.
    13. Dorothea Schaefer & Oleksandr Talavera & Charlie Weir, 2010. "Entrepreneurship, Windfall Gains and Financial Constraints: Evidence from Germany," University of East Anglia Applied and Financial Economics Working Paper Series 009, School of Economics, University of East Anglia, Norwich, UK..
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  29. Aaronson, Daniel & Bostic, Raphael W. & Huck, Paul & Townsend, Robert, 2004. "Supplier relationships and small business use of trade credit," Journal of Urban Economics, Elsevier, vol. 55(1), pages 46-67, January.
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  30. Robert M. Townsend, 2003. "Microcredit And Mechanism Design," Journal of the European Economic Association, MIT Press, vol. 1(2-3), pages 468-477, 04/05.

    Cited by:

    1. Renaud Bourlès & Dominique Henriet, 2008. "Mutual Insurance With Asymmetric Information: The Case Of Adverse Selection," Working Papers halshs-00278178, HAL.
    2. Casey B. Mulligan, 2012. "Do Welfare Policies Matter for Labor Market Aggregates? Quantifying Safety Net Work Incentives since 2007," NBER Working Papers 18088, National Bureau of Economic Research, Inc.
    3. Renaud Bourlès & Anastasia Cozarenco, 2013. "State Intervention and the (Micro)Credit Market in Developed Countries: Loan Guarantee and Business Development Services," Working Papers halshs-00811191, HAL.
    4. Lutz G. Arnold & Benedikt Booker, 2012. "Good Intentions Pave the Way to ... the Local Moneylender," Working Papers 126, Bavarian Graduate Program in Economics (BGPE).
    5. Arnold, Lutz G. & Booker, Benedikt, 2013. "Good intentions pave the way to … the local moneylender," Economics Letters, Elsevier, vol. 118(3), pages 466-469.
    6. Alem, Mauro & Jorge Elias, Julio, 2018. "Allocating production risks through credit cum insurance contracts: the design and implementation of a fund for small cotton growers to access market finance," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 21(2), March.
    7. Madajewicz, Malgosia, 2011. "Joint liability versus individual liability in credit contracts," Journal of Economic Behavior & Organization, Elsevier, vol. 77(2), pages 107-123, February.
    8. Abdul Karim, Zulkefly, 2009. "Microfinance and Mechanism Design: The Role of Joint Liability and Cross-Reporting," MPRA Paper 23934, University Library of Munich, Germany, revised 12 Jan 2010.
    9. Casey B. Mulligan, 2011. "The Expanding Social Safety Net," NBER Working Papers 17654, National Bureau of Economic Research, Inc.
    10. Hameem Raees Chowdhury, 2016. "Joint-Liability in Microcredit: Evidence from Bangladesh," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 44(1), pages 105-129, March.
    11. Daripa, Arup, 2008. "Optimal collective contract without peer information or peer monitoring," Journal of Development Economics, Elsevier, vol. 86(1), pages 147-163, April.

  31. Prescott, Edward Simpson & Townsend, Robert M., 2002. "Collective Organizations versus Relative Performance Contracts: Inequality, Risk Sharing, and Moral Hazard," Journal of Economic Theory, Elsevier, vol. 103(2), pages 282-310, April.

    Cited by:

    1. Ahlin, Christian & Townsend, Robert M., 2007. "Selection into and across credit contracts: Theory and field research," Journal of Econometrics, Elsevier, vol. 136(2), pages 665-698, February.
    2. Weerachart T. Kilenthong & Gabriel A. Madeira, 2017. "Observability and endogenous organizations," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 63(3), pages 587-619, March.
    3. Prescott, Edward C. & Shell, Karl, 2002. "Introduction to Sunspots and Lotteries," Journal of Economic Theory, Elsevier, vol. 107(1), pages 1-10, November.
    4. Damien S Eldridge, 2007. "A Shirking Theory of Referrals," Working Papers 2007.05, School of Economics, La Trobe University.
    5. Madeira, Gabriel A. & Townsend, Robert M., 2008. "Endogenous groups and dynamic selection in mechanism design," Journal of Economic Theory, Elsevier, vol. 142(1), pages 259-293, September.
    6. Rene van den Brink & Robert P. Gilles, 2004. "Explicit and Latent Authority in Hierarchical Organizations," Econometric Society 2004 North American Summer Meetings 393, Econometric Society.
    7. Prescott, Edward Simpson, 2004. "Computing solutions to moral-hazard programs using the Dantzig-Wolfe decomposition algorithm," Journal of Economic Dynamics and Control, Elsevier, vol. 28(4), pages 777-800, January.
    8. Jarque, Arantxa & Prescott, Edward Simpson, 2020. "Banker compensation, relative performance, and bank risk," Journal of the Japanese and International Economies, Elsevier, vol. 56(C).
    9. K M Mehedi Adnan & Liu Ying & Swati Anindita Sarker & Muhammad Hafeez & Amar Razzaq & Muhammad Haseeb Raza, 2018. "Adoption of Contract Farming and Precautionary Savings to Manage the Catastrophic Risk of Maize Farming: Evidence from Bangladesh," Sustainability, MDPI, vol. 11(1), pages 1-19, December.
    10. van den Brink, J.R. & Gilles, R.P., 2005. "Explicit and Latent Authority in Hierarchical Organizations," Other publications TiSEM b4225229-4c7a-433f-8340-a, Tilburg University, School of Economics and Management.
    11. Jonathan Conning & Michael Kevane, 2003. "Why isn't there more Financial Intermediation in Developing Countries?," Economics Working Paper Archive at Hunter College 214, Hunter College Department of Economics.
    12. van den Brink, J.R. & Ruys, P.H.M., 2005. "Technological Change, Wages and Firm Size," Discussion Paper 2005-022, Tilburg University, Tilburg Law and Economic Center.
    13. Archawa Paweenawat, 2022. "Relative Performance Contracts versus Group Contracts with Hidden Savings," PIER Discussion Papers 176, Puey Ungphakorn Institute for Economic Research.
    14. M. Kugler & R. Oppes, 2005. "Collateral and Risk Sharing in group lending: evidence from an urban microcredit program," Working Paper CRENoS 200509, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
    15. van den Brink, J.R. & Ruys, P.H.M., 2005. "Technological Change, Wages and Firm Size," Other publications TiSEM 98a153c9-4986-4d03-b695-c, Tilburg University, School of Economics and Management.
    16. Weerachart Kilenthong, 2015. "Observability and Endogenous Organizations," PIER Discussion Papers 13, Puey Ungphakorn Institute for Economic Research.

  32. Robert M. Townsend & Jacob Yaron, 2001. "The credit risk-contingency system of an Asian development bank," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 25(Q III), pages 31-48.

    Cited by:

    1. Anna L. Paulson & Robert M. Townsend, 2003. "Distinguishing limited commitment from moral hazard in models of growth with inequality," Working Paper Series WP-03-06, Federal Reserve Bank of Chicago.
    2. Ahlin, Christian & Waters, Brian, 2016. "Dynamic microlending under adverse selection: Can it rival group lending?," Journal of Development Economics, Elsevier, vol. 121(C), pages 237-257.
    3. Allen N. Berger & Iftekhar Hasan & Leora Klapper, 2003. "Further evidence on the link between finance and growth: an international analysis of community banking and economic performance," Finance and Economics Discussion Series 2003-47, Board of Governors of the Federal Reserve System (U.S.).
    4. Hisako Kai, 2009. "Competition and wide outreach of Microfinance Institutions," Economics Bulletin, AccessEcon, vol. 29(4), pages 2628-2639.
    5. Alem, Mauro & Townsend, Robert M., 2014. "An evaluation of financial institutions: Impact on consumption and investment using panel data and the theory of risk-bearing," Journal of Econometrics, Elsevier, vol. 183(1), pages 91-103.
    6. Jeon, Doh-Shin & Menicucci, Domenico, 2010. "When Is the Optimal Lending Contract in Microfinance State Non-Contingent?," IDEI Working Papers 599, Institut d'Économie Industrielle (IDEI), Toulouse.
    7. Christian Ahlin & Neville Jiang, 2005. "Can Micro-Credit Bring Development?," Vanderbilt University Department of Economics Working Papers 05019, Vanderbilt University Department of Economics.
    8. KAI, Hisako, 2009. "Competition and Wide Outreach of Microfinance Institutions," MPRA Paper 17143, University Library of Munich, Germany.
    9. Moskow, Michael, 2002. "Financial Infrastructure in Emerging Economies," Journal of Financial Intermediation, Elsevier, vol. 11(4), pages 354-361, October.
    10. Francisco, Manuela & Mascaro, Yira & Mendoza, Juan Carlos & Yaron, Jacob, 2008. "Measuring the performance and achievement of social objectives of development finance institutions," Policy Research Working Paper Series 4506, The World Bank.
    11. Berger, Allen N. & Udell, Gregory F., 2006. "A more complete conceptual framework for SME finance," Journal of Banking & Finance, Elsevier, vol. 30(11), pages 2945-2966, November.
    12. Patrick Honohan & Thorsten Beck, 2007. "Making Finance Work for Africa," World Bank Publications - Books, The World Bank Group, number 6626, December.
    13. Thorsten Beck & Samuel Munzele Maimbo, 2013. "Financial Sector Development in Africa : Opportunities and Challenges," World Bank Publications - Books, The World Bank Group, number 11881, December.

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    3. Ligon, Ethan & Schechter, Laura, 2011. "The Value of social networks in rural Paraguay," CUDARE Working Papers 120419, University of California, Berkeley, Department of Agricultural and Resource Economics.
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    5. Alexander Monge-Naranjo & Luis J. Hall, 2003. "Access to Credit and the Effect of Credit Constraints on Costa Rican Manufacturing Firms," Research Department Publications 3164, Inter-American Development Bank, Research Department.
    6. Prescott, Edward Simpson & Townsend, Robert M., 2002. "Collective Organizations versus Relative Performance Contracts: Inequality, Risk Sharing, and Moral Hazard," Journal of Economic Theory, Elsevier, vol. 103(2), pages 282-310, April.
    7. Dubois, Pierre, 2002. "Consommation, partage de risque et assurance informelle : développements théoriques et tests empiriques récents," L'Actualité Economique, Société Canadienne de Science Economique, vol. 78(1), pages 115-149, Mars.
    8. Andreas Lehnert, 1998. "Asset pooling, credit rationing, and growth," Finance and Economics Discussion Series 1998-52, Board of Governors of the Federal Reserve System (U.S.).
    9. Alexander Karaivanov, 2003. "Financial Contracts and Occupational Choice," Computing in Economics and Finance 2003 25, Society for Computational Economics.
    10. Edward Simpson Prescott, 2005. "Technological design and moral hazard," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 91(Fall), pages 43-55.
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    14. Robert Townsend & Rolf Mueller, 1998. "Mechanism Design and Village Economies: From Credit, to Tenancy, to Cropping Groups," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 1(1), pages 119-172, January.

  34. Philip Bond & Paul Huck & Sherrie L. W. Rhine & Robert M. Townsend, 1999. "Small business finance in two Chicago minority neighborhoods," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 23(Q II), pages 46-62.

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    1. Robert M. Townsend & Jacob Yaron, 2001. "The credit risk-contingency system of an Asian development bank," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 25(Q III), pages 31-48.
    2. Aaronson, Daniel & Bostic, Raphael W. & Huck, Paul & Townsend, Robert, 2004. "Supplier relationships and small business use of trade credit," Journal of Urban Economics, Elsevier, vol. 55(1), pages 46-67, January.
    3. Giné, Xavier, 2011. "Access to capital in rural Thailand: An estimated model of formal vs. informal credit," Journal of Development Economics, Elsevier, vol. 96(1), pages 16-29, September.
    4. Daniel Aaronson & Paul Huck & Robert M. Townsend, 2000. "Small-business access to trade credit: some evidence of ethnic differences," Consumer and Community Affairs Policy Studies 2000-2, Federal Reserve Bank of Chicago.
    5. Robertson K. Tengeh & Linus Nkem, 2017. "Sustaining Immigrant Entrepreneurship in South Africa: The Role of Informal Financial Associations," Sustainability, MDPI, vol. 9(8), pages 1-16, August.
    6. Chihkang Kenny Wu & Ngoc Anh Nguyen & Thanh Quoc Thuan Dang & Mai-Uyen Nguyen, 2022. "The Impact of COVID-19 on Ethnic Business Households Involved in Tourism in Ninh Thuan, Vietnam," Sustainability, MDPI, vol. 14(24), pages 1-15, December.
    7. Christy Chung Hevener, 2006. "Alternative financial vehicles: rotating savings and credit associations (ROSCAs)," Community Affairs Discussion Paper 06-01, Federal Reserve Bank of Philadelphia.

  35. Philip Bond & Paul Huck & Robert M. Townsend, 1999. "How do minorities fund small business start-ups? Two Chicago neighborhoods offer insight," The Region, Federal Reserve Bank of Minneapolis, vol. 13(Sep), pages 10-13,26.

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    1. Susan Coleman, 2005. "The Impact of Human Capital Measures on Firm Performance: A Comparison by Gender, Race and Ethnicity," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 10(2), pages 38-56, Summer.
    2. Shinnar, Rachel S. & Cho, Seonghee & Rogoff, Edward G., 2013. "Outcomes of family involvement in minority owned family businesses," Journal of Family Business Strategy, Elsevier, vol. 4(1), pages 22-33.

  36. Robert Townsend & Rolf Mueller, 1998. "Mechanism Design and Village Economies: From Credit, to Tenancy, to Cropping Groups," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 1(1), pages 119-172, January.

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    1. Weerachart T. Kilenthong & Gabriel A. Madeira, 2017. "Observability and endogenous organizations," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 63(3), pages 587-619, March.
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    3. basab dasgupta, 2005. "Capital Accumulation in the Presence of Informal Credit Contract: Does Incentive Mechanism Work Better than Credit Rationing Under Asymmetric Information?," Computing in Economics and Finance 2005 366, Society for Computational Economics.
    4. Prescott, Edward Simpson & Townsend, Robert M., 2002. "Collective Organizations versus Relative Performance Contracts: Inequality, Risk Sharing, and Moral Hazard," Journal of Economic Theory, Elsevier, vol. 103(2), pages 282-310, April.
    5. Dubois, Pierre, 2002. "Consommation, partage de risque et assurance informelle : développements théoriques et tests empiriques récents," L'Actualité Economique, Société Canadienne de Science Economique, vol. 78(1), pages 115-149, Mars.
    6. L. ALAN WINTERS & NEIL McCULLOCH & ANDREW McKAY, 2015. "Trade Liberalization and Poverty: The Evidence So Far," World Scientific Book Chapters, in: Non-Tariff Barriers, Regionalism and Poverty Essays in Applied International Trade Analysis, chapter 14, pages 271-314, World Scientific Publishing Co. Pte. Ltd..
    7. Xiao Yu Wang, 2014. "Risk Sorting, Portfolio Choice, and Endogenous Informal Insurance," NBER Working Papers 20429, National Bureau of Economic Research, Inc.
    8. Anderson, Jock R., 2003. "Risk in rural development: challenges for managers and policy makers," Agricultural Systems, Elsevier, vol. 75(2-3), pages 161-197.
    9. Sunanda Roy, 2007. "Self insurance and public employment programs," Economics Bulletin, AccessEcon, vol. 4(31), pages 1-15.

  37. Youngjae Lim & Robert Townsend, 1998. "General Equilibrium Models of Financial Systems: Theory and Measurement in Village Economies," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 1(1), pages 59-118, January.
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    2. Song Han, 2004. "Discrimination in Lending: Theory and Evidence," The Journal of Real Estate Finance and Economics, Springer, vol. 29(1), pages 5-46, July.

  39. Philip Bond & Robert M. Townsend, 1996. "Formal and informal financing in a Chicago neighborhood," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 20(Jul), pages 3-27.

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    1. Maude Toussaint-Comeau, 2017. "Competitiveness of Ethnic Minority Neighborhoods in Metropolitan Areas in the Seventh District," Profitwise, Federal Reserve Bank of Chicago, issue 4, pages 4-25.
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    4. Arash Kordestani & Setayesh Sattari & Kaveh Peighambari & Pejvak Oghazi, 2017. "Exclude Me Not: The Untold Story of Immigrant Entrepreneurs in Sweden," Sustainability, MDPI, vol. 9(9), pages 1-22, September.
    5. Wenli Li, 1998. "Government loan, guarantee, and grant programs: an evaluation," Economic Quarterly, Federal Reserve Bank of Richmond, issue Fall, pages 25-52.
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    7. Thakor, Anjan V., 2021. "Politics, credit allocation and bank capital requirements," Journal of Financial Intermediation, Elsevier, vol. 45(C).
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    9. Daniel Aaronson & Paul Huck & Robert M. Townsend, 2000. "Small-business access to trade credit: some evidence of ethnic differences," Consumer and Community Affairs Policy Studies 2000-2, Federal Reserve Bank of Chicago.
    10. Sondra Beverly & Amanda Moore & Mark Schreiner, 2001. "A Framework of Asset-Accumulation Stages and Strategies," Development and Comp Systems 0109004, University Library of Munich, Germany.
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    2. Banerjee, Abhijit V & Newman, Andrew F, 1993. "Occupational Choice and the Process of Development," Journal of Political Economy, University of Chicago Press, vol. 101(2), pages 274-298, April.
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    35. Wilfredo Toledo, 2006. "El dinero en los modelos macroeconómicos," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 8(15), pages 97-116, July-Dece.
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    Cited by:

    1. Wong, Kit Pong, 2006. "The effects of abandonment options on operating leverage and forward hedging," International Review of Economics & Finance, Elsevier, vol. 15(1), pages 72-86.
    2. Ron Alquist & Lutz Kilian, 2010. "What do we learn from the price of crude oil futures?," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 25(4), pages 539-573.
    3. Russell Cooper, 1984. "Insurance, Flexibility and Non-contingent Trades," Cowles Foundation Discussion Papers 691, Cowles Foundation for Research in Economics, Yale University.
    4. Ligon, Ethan, 2023. "Risk sharing tests and covariate shocks," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt2zr503fq, Department of Agricultural & Resource Economics, UC Berkeley.

  56. Townsend, Robert M, 1978. "Market Anticipations, Rational Expectations, and Bayesian Analysis," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 19(2), pages 481-494, June.

    Cited by:

    1. Asim Khwaja & Rajkamal Iyer & Erzo Luttmer & Kelly Shue, 2013. "Screening Peers Softly: Inferring the Quality of Small Borrowers," CID Working Papers 259, Center for International Development at Harvard University.
    2. Alexander, Corinne E., 2002. "The Role Of Seed Company Supplied Information In Farmers' Decisions," 2002 Annual meeting, July 28-31, Long Beach, CA 19617, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Carsten Nielsen, 2009. "Non-stationary, stable Markov processes on a continuous state space," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 40(3), pages 473-496, September.
    4. Kurz, Mordecai, 2008. "Beauty contests under private information and diverse beliefs: How different?," Journal of Mathematical Economics, Elsevier, vol. 44(7-8), pages 762-784, July.
    5. Goodhue, Rachael E. & Rausser, Gordon C. & Simon, Leo K., 1996. "Privatization, market liberalization and learning in transition economies," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt6vw536q0, Department of Agricultural & Resource Economics, UC Berkeley.
    6. Holden, Tom, 2008. "Rational macroeconomic learning in linear expectational models," MPRA Paper 10872, University Library of Munich, Germany.
    7. Duffie, Darrell & Malamud, Semyon & Manso, Gustavo, 2009. "The Relative Contributions of Private Information Sharing and Public Information Releases to Information Aggregation," Research Papers 2023, Stanford University, Graduate School of Business.
    8. Chini, Emilio Zanetti, 2023. "Can we estimate macroforecasters’ mis-behavior?," Journal of Economic Dynamics and Control, Elsevier, vol. 149(C).
    9. Triebs, Thomas & Tumlinson, Justin, 2014. "Learning Capitalism The Hard Way: Evidence From Germany's Reunification," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100457, Verein für Socialpolitik / German Economic Association.
    10. Norman, Thomas W.L., 2015. "Learning, hypothesis testing, and rational-expectations equilibrium," Games and Economic Behavior, Elsevier, vol. 90(C), pages 93-105.
    11. Kenneth Kasa, 2000. "Forecasting the Forecasts of Others in the Frequency Domain," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 3(4), pages 726-756, October.
    12. Guidolin, Massimo & Timmermann, Allan, 2007. "Properties of equilibrium asset prices under alternative learning schemes," Journal of Economic Dynamics and Control, Elsevier, vol. 31(1), pages 161-217, January.
    13. Jean-Michel Grandmont, 1998. "Expectations Formation and Stability of Large Socioeconomic Systems," Econometrica, Econometric Society, vol. 66(4), pages 741-782, July.
    14. Ayan Bhattacharya, 2022. "Arbitrage from a Bayesian's Perspective," Papers 2211.03244, arXiv.org.
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    17. Vives, Xavier, 1997. "Learning from Others: A Welfare Analysis," Games and Economic Behavior, Elsevier, vol. 20(2), pages 177-200, August.
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    19. Dutta, Jayasri & Morris, Stephen, 1997. "The Revelation of Information and Self-Fulfilling Beliefs," Journal of Economic Theory, Elsevier, vol. 73(1), pages 231-244, March.
    20. Michael Maschek, 2010. "Intelligent Mutation Rate Control in an Economic Application of Genetic Algorithms," Computational Economics, Springer;Society for Computational Economics, vol. 35(1), pages 25-49, January.
    21. Desgranges, Gabriel & Negroni, Giorgio, 2003. "Expectations Coordination On A Sunspot Equilibrium: An Eductive Approach," Macroeconomic Dynamics, Cambridge University Press, vol. 7(1), pages 7-41, February.
    22. Stephen Morris & Franklin Allen & Hyun Song Shin, 2004. "Beauty Contests, Bubbles and Iterated Expectations in Asset Markets," Yale School of Management Working Papers ysm346, Yale School of Management.
    23. Mordecai Kurz, 2007. "Rational Diverse Beliefs and Economic Volatility," Discussion Papers 06-045, Stanford Institute for Economic Policy Research.
    24. Vives, Xavier, 1996. "Social learning and rational expectations," European Economic Review, Elsevier, vol. 40(3-5), pages 589-601, April.
    25. Stephen Morris & Hyun Song Shin, 2002. "Social Value of Public Information," American Economic Review, American Economic Association, vol. 92(5), pages 1521-1534, December.
    26. Branch, William A., 2002. "Local convergence properties of a cobweb model with rationally heterogeneous expectations," Journal of Economic Dynamics and Control, Elsevier, vol. 27(1), pages 63-85, November.
    27. Athanasios Orphanides & John C. Williams, 2002. "Imperfect knowledge, inflation expectations, and monetary policy," Finance and Economics Discussion Series 2002-27, Board of Governors of the Federal Reserve System (U.S.).
    28. Barrell, Ray & Caporale, Guglielmo Maria & Hall, Stephen & Garratt, Anthony, 1997. "Learning about monetary union: An analysis of bounded rational learning in European labor markets," Journal of Policy Modeling, Elsevier, vol. 19(5), pages 469-489, October.
    29. Ricardo Grinspun, 1995. "Learning rational expectations in an asset market," Journal of Economics, Springer, vol. 61(3), pages 215-243, October.
    30. Lennox, Clive & Li, Bing, 2014. "Accounting misstatements following lawsuits against auditors," Journal of Accounting and Economics, Elsevier, vol. 57(1), pages 58-75.
    31. Nyarko, Yaw, 1997. "Convergence in Economic Models with Bayesian Hierarchies of Beliefs," Journal of Economic Theory, Elsevier, vol. 74(2), pages 266-296, June.
    32. Hall, S. G. & Garratt, A., 1995. "Model consistent learning and regime switching in the London Business School model," Economic Modelling, Elsevier, vol. 12(2), pages 87-95, April.
    33. Dieppe, Alistair & Pandiella, Alberto González & Hall, Stephen & Willman, Alpo, 2013. "Limited information minimal state variable learning in a medium-scale multi-country model," Economic Modelling, Elsevier, vol. 33(C), pages 808-825.
    34. Angus A Brown & L C G Rogers, 2010. "Diverse Beliefs," Papers 1001.1450, arXiv.org.
    35. Shah, Sudhir A., 1995. "Bayesian learning behaviour and the stability of equilibrium forecasts," Journal of Mathematical Economics, Elsevier, vol. 24(5), pages 461-495.
    36. Linn, Scott C. & Stanhouse, Bryan E., 1997. "The economic advantage of least squares learning in a risky asset market," Journal of Economics and Business, Elsevier, vol. 49(4), pages 303-319.
    37. Negroni, Giorgio, 2005. "Eductive expectations coordination on deterministic cycles in an economy with identical fundamentals," Journal of Economic Behavior & Organization, Elsevier, vol. 58(3), pages 420-443, November.
    38. Nielsen, Carsten Krabbe, 2008. "On rationally confident beliefs and rational overconfidence," Mathematical Social Sciences, Elsevier, vol. 55(3), pages 381-404, May.
    39. Franklin Allen & Stephen Morris & Hyun Song Shin, 2003. "Beauty Contests, Bubbles and Iterated Expectations in Asset Markets Capital Adequacy Regulation: In Search of a Rationale," Center for Financial Institutions Working Papers 03-06, Wharton School Center for Financial Institutions, University of Pennsylvania.

  57. Townsend, Robert M., 1977. "The eventual failure of price fixing schemes," Journal of Economic Theory, Elsevier, vol. 14(1), pages 190-199, February.

    Cited by:

    1. Galtier, F., 2009. "How to Manage Food Price Instability in Developing Countries ?," Working Papers MoISA 200905, UMR MoISA : Montpellier Interdisciplinary center on Sustainable Agri-food systems (social and nutritional sciences): CIHEAM-IAMM, CIRAD, INRAE, L'Institut Agro, Montpellier SupAgro, IRD - Montpellier, France.
    2. Díaz-Bonilla, Eugenio, 2017. "Food security stocks: Economic and operational issues:," IFPRI book chapters, in: Bouët, Antoine & Laborde Debucquet, David (ed.), Agriculture, development, and the global trading system: 2000– 2015, chapter 8, International Food Policy Research Institute (IFPRI).
    3. Martin Hellwig, 1986. "Risikoallokation in einem Marktsystem," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 122(III), pages 231-251, September.
    4. Christophe Gouel, 2013. "Food Price Volatility and Domestic Stabilization Policies in Developing Countries," NBER Working Papers 18934, National Bureau of Economic Research, Inc.
    5. Shigeru Akiyama & Masahiro Kawai, 1985. "Welfare implications of commodity price stabilization with partially flexible production, private storage and buffer-stock costs," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 121(2), pages 261-279, June.
    6. Michael Bordo, 1993. "The Gold Standard, Bretton Woods and other Monetary Regimes: An Historical Appraisal," NBER Working Papers 4310, National Bureau of Economic Research, Inc.
    7. Michael D. Bordo & Barry Eichengreen, 1998. "The Rise and Fall of a Barbarous Relic: The Role of Gold in the International Monetary SYstem," NBER Working Papers 6436, National Bureau of Economic Research, Inc.
    8. Galtier, F., 2009. "Comment gérer l'instabilité des prix alimentaires dans les pays en développement ?," Working Papers MoISA 200904, UMR MoISA : Montpellier Interdisciplinary center on Sustainable Agri-food systems (social and nutritional sciences): CIHEAM-IAMM, CIRAD, INRAE, L'Institut Agro, Montpellier SupAgro, IRD - Montpellier, France.
    9. Swaray, Raymond, 2011. "Commodity buffer stock redux: The role of International Cocoa Organization in prices and incomes," Journal of Policy Modeling, Elsevier, vol. 33(3), pages 361-369, May.
    10. Gilbert, Christopher L., 1995. "International commodity control : retrospect and prospect," Policy Research Working Paper Series 1545, The World Bank.
    11. Gilbert, Christopher L., 1996. "International Commodity Agreements: An obituary notice," World Development, Elsevier, vol. 24(1), pages 1-19, January.

Books

  1. Townsend, Robert M., 2011. "Financial Systems in Developing Economies: Growth, Inequality and Policy Evaluation in Thailand," OUP Catalogue, Oxford University Press, number 9780199533237.

    Cited by:

    1. Bandiera, Oriana & Burgess, Robin & Das, Narayan & Gulesci, Selim & Rasul, Imran & Sulaiman, Munshi, 2013. "Can Basic Entrepreneurship Transform the Economic Lives of the Poor?," IZA Discussion Papers 7386, Institute of Labor Economics (IZA).
    2. Abel Brodeur & Warn N. Lekfuangfu & Yanos Zylberberg, 2017. "War, Migration and the Origins of the Thai Sex Industry," Working Papers 1706E, University of Ottawa, Department of Economics.
    3. Daron Acemoglu & James A. Robinson, 2013. "Economics versus Politics: Pitfalls of Policy Advice," NBER Working Papers 18921, National Bureau of Economic Research, Inc.
    4. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2011. "Finance and Development: A Tale of Two Sectors," American Economic Review, American Economic Association, vol. 101(5), pages 1964-2002, August.
    5. Joseph P. Kaboski & Robert M. Townsend, 2012. "The Impact of Credit on Village Economies," American Economic Journal: Applied Economics, American Economic Association, vol. 4(2), pages 98-133, April.
    6. Daron Acemoglu & James A. Robinson, 2013. "Ekonomia kontra polityka: niebezpieczne rady w kwestiach polityki ekonomicznej," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 11-12, pages 113-136.
    7. Weigel, Jonathan & Balán, Pablo & Bergeron, Augustin & Tourek, Gabriel, 2020. "Local Elites as State Capacity: How City Chiefs Use Local Information to Increase Tax Compliance in the D.R. Congo," CEPR Discussion Papers 15138, C.E.P.R. Discussion Papers.

  2. Samphantharak,Krislert & Townsend,Robert M., 2010. "Households as Corporate Firms," Cambridge Books, Cambridge University Press, number 9780521195829.

    Cited by:

    1. Krislert Samphantharak & Robert Townsend, 2016. "Risk and Return in Village Economies," PIER Discussion Papers 27, Puey Ungphakorn Institute for Economic Research.
    2. Baker, Scott R. & Johnson, Stephanie & Kueng, Lorenz, 2024. "Financial returns to household inventory management," Journal of Financial Economics, Elsevier, vol. 151(C).
    3. Diego Vera-Cossio, 2022. "Targeting Credit through Community Members," Journal of the European Economic Association, European Economic Association, vol. 20(2), pages 778-821.
    4. Dejanir Silva & Robert Townsend, 2018. "Risk-taking over the Life Cycle: Aggregate and Distributive Implications of Entrepreneurial Risk," 2018 Meeting Papers 1318, Society for Economic Dynamics.
    5. Charles Yuji Horioka & Akiko Terada-Hagiwara, 2013. "Corporate Cash Holding in Asia," UP School of Economics Discussion Papers 201311, University of the Philippines School of Economics.
    6. Arun Chandrasekhar & Robert Townsend & Juan Pablo Pablo Xandri, 2019. "Financial Centrality and the Value of Key Players," Working Papers 2019-26, Princeton University. Economics Department..
    7. Shijun Chai & Yang Chen & Bihong Huang & Dezhu Ye, 2019. "Social networks and informal financial inclusion in China," Asia Pacific Journal of Management, Springer, vol. 36(2), pages 529-563, June.
    8. Cynthia Kinnan & Krislert Samphantharak & Robert Townsend & Diego Vera-Cossio, 2019. "Insurance and Propagation in Village Networks," PIER Discussion Papers 115, Puey Ungphakorn Institute for Economic Research.
    9. Arun G. Chandrasekhar & Robert Townsend & Juan Pablo Xandri, 2018. "Financial Centrality and Liquidity Provision," NBER Working Papers 24406, National Bureau of Economic Research, Inc.
    10. Scott Schuh, 2017. "Measuring consumer expenditures with payment diaries," Working Papers 17-2, Federal Reserve Bank of Boston.
    11. Wimboh Santoso & Made Sukada, 2009. "Risk profile of households and the impact on financial stability," BIS Papers chapters, in: Bank for International Settlements (ed.), Household debt: implications for monetary policy and financial stability, volume 46, pages 58-74, Bank for International Settlements.
    12. Glenn W. Harrison, 2019. "The behavioral welfare economics of insurance," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 44(2), pages 137-175, September.
    13. Marcella Corsi & Carlo D'Ippoliti, 2013. "Class and gender in Europe, before and during the economic crisis," Working Papers CEB 13-027, ULB -- Universite Libre de Bruxelles.
    14. Pierre-André Chiappori & Krislert Samphantharak & Sam Schulhofer-Wohl & Robert M. Townsend, 2011. "Heterogeneity and Risk Sharing in Village Economies," NBER Working Papers 16696, National Bureau of Economic Research, Inc.
    15. Samphantharak, Krislert & Townsend, Robert M., 2012. "Measuring the return on household enterprise: What matters most for whom?," Journal of Development Economics, Elsevier, vol. 98(1), pages 58-70.
    16. Krislert Samphantharak & Robert Townsend, 2013. "Risk and Return in Village Economies," NBER Working Papers 19738, National Bureau of Economic Research, Inc.
    17. Krislert Samphantharak & Scott Schuh & Robert M. Townsend, 2018. "Integrated Household Surveys: An Assessment Of U.S. Methods And An Innovation," Economic Inquiry, Western Economic Association International, vol. 56(1), pages 50-80, January.
    18. Benjapon Prommawin & Nattanun Svavasu & Spol Tanpraphan & Voravee Saengavut & Theepakorn Jithitikulchai & Witsanu Attavanich & Bruce A. McCarl, 2022. "Impacts of Climate Change and Agricultural Diversification on Agricultural Production Value of Thai Farm Households," PIER Discussion Papers 184, Puey Ungphakorn Institute for Economic Research.
    19. Alexander Karaivanov & Robert M. Townsend, 2014. "Dynamic Financial Constraints: Distinguishing Mechanism Design From Exogenously Incomplete Regimes," Econometrica, Econometric Society, vol. 82(3), pages 887-959, May.
    20. Archawa Paweenawat & Robert M. Townsend, 2012. "Village Economic Accounts: Real and Financial Intertwined," American Economic Review, American Economic Association, vol. 102(3), pages 441-446, May.
    21. John Bailey Jones & Sangeeta Pratap, 2017. "An Estimated Structural Model of Entrepreneurial Behavior," Working Paper 17-7, Federal Reserve Bank of Richmond.
    22. Chai, Shijun & Chen, Yang & Huang, Bihong & Ye, Dezhu, 2018. "Social Networks and Informal Financial Inclusion in the People’s Republic of China," ADBI Working Papers 802, Asian Development Bank Institute.

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