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Publications (8)
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– The Experience of Morocco
Using a vector error-correction model, I explore the short-run dynamics and long-run linkages between financial reform and the mobilization of domestic saving in Morocco. In the short run, financial depth (volume of intermediation) is shown to have a positive influence on private saving, while...
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– Empirical Evidence from a Private Bank in Vietnam
This paper deals with loan contracting from a private bank in Vietnam. We focus on the main loan contract features that the bank uses in lending to business firms, namely loan maturity, collateral and loan interest rate. Based upon the simultaneous equation model of Dennis et al. (2000) and the bank...
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– A Household Level Analysis
In this paper, using the rich household panel data of urban and rural Ethiopia that covers the period from 1994 to 2000, we attempted to establish the link between finance and poverty in Ethiopia. Our results show that access to finance is an important factor in consumption smoothing and hence...
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– A Firm-Level Panel Study for India
Traditionally, firms in India have shown a low preference towards debt financing, despite its advantages. Using panel data from 450 firms during 1992-93 and 2003-04, we attempt to identify factors which could explain the pattern of financing of manufacturing firms in India and the key determinants...
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Determining whether well-being has improved is an important multidisciplinary task. It is important therefore to develop a multidimensional measure of well-being that reflects a wide spectrum of human needs. A new approach is presented in this paper based on multidimensional hierarchical human needs...
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This paper considers the use of participatory methods in international development research, and asks what contribution these can make to the definition and measurement of well-being. It draws on general lessons arising from the project level, two larger-scale policy research processes sponsored by...
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A plethora of what are loosely described as social and political indicators of well-being exist. Both the range and country coverage of these indicators has increased appreciably in recent years. In this paper we ask what contribution these indicators can make towards our understanding of human well...
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International comparisons of average national incomes omit important information about leisure, home production, health, etc. They are also bedevilled by index number problems. This paper suggests ways of combining working hours and life-expectancy with income comparisons, and shows that the fixed...
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