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Full-Text Articles in Social and Behavioral Sciences
Three Essays On International Trade, Renjing Chen
Three Essays On International Trade, Renjing Chen
Dissertations and Theses Collection (Open Access)
In the first chapter, we develop an estimation procedure to identify the partial (direct) effects of the GATT/WTO membership on variable and fixed trade costs, respectively. This procedure extends the techniques of Anderson and Van Wincoop (2003) on the structural relationship of multilateral resistance terms and of Helpman, Melitz and Rubinstein (2008) on the structural modeling of trade incidence. We then develop a general equilibrium framework (that allows for the presence of zero trade) to simulate the impact of variable, fixed, and total trade cost changes on the firm-level trade structure (including the bilateral export productivity cutoff, the weighted/unweighted extensive …
Small Business Debt Financing: The Effect Of Lender Structural Complexity., Jaume Franquesa, David Vera
Small Business Debt Financing: The Effect Of Lender Structural Complexity., Jaume Franquesa, David Vera
Business Administration Faculty Scholarship
Small- and medium-sized enterprises (SMEs) depend on a large measure on commercial banks for external capital, and US SMEs are increasingly experiencing bank credit constraints and resorting to costly alternatives. The purpose of this paper is to investigate the impact of lender organizational complexity on SME financing shortfalls. In particular, it examines the credit shortage effects associated with the SME's reliance on bank holding company (BHC) owned, as opposed to independent, lenders.
Essays On Macroeconomics And Financial Economics, Maryam Aljahani
Essays On Macroeconomics And Financial Economics, Maryam Aljahani
FIU Electronic Theses and Dissertations
This dissertation comprises of three Essays. The first essay classifies households as savers and borrowers based on their wealth during the credit cycle. It examines the wealth effects of the saving and housing decisions of heterogeneous households over a credit cycle. To do so, we employ the Difference-in-Difference estimator and find evidence of a significant difference between the wealth effect for savers and borrowers. In the second essay, we examine the extent to which credit-constrained households are able to accumulate wealth when the macro environment is characterized by the presence of a liquidity trap and borrowing constraints. Our evidence highlights …