| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7414 |
| DP7414 Reason-Based Choice: A Bargaining Rationale for the Attraction and Compromise Effects | |
| Kfir Eliaz; Geoffroy de Clippel | |
| 发表日期 | 2009-08-16 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | While theory predicts different effects of household credit and enterprise credit on the economy, the empirical literature has mainly used aggregate measures of overall bank lending to the private sector. We construct a new dataset from 45 developed and developing countries, decomposing bank lending into lending to enterprises and lending to households and assess the different effects of these two components on real sector outcomes. We find that: 1) enterprise credit raises economic growth whereas household credit has no effect; 2) enterprise credit reduces income inequality whereas household credit has no effect; and 3) household credit is negatively associated with excess consumption sensitivity, while there is no relationship between enterprise credit and excess consumption sensitivity. |
| 主题 | Financial Economics |
| 关键词 | Financial intermediation Firm credit Household credit |
| URL | https://cepr.org/publications/dp7414 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536251 |
| 推荐引用方式 GB/T 7714 | Kfir Eliaz,Geoffroy de Clippel. DP7414 Reason-Based Choice: A Bargaining Rationale for the Attraction and Compromise Effects. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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