Credit Constraints and Demand for Higher Education: Evidence from Financial Deregulation

Credit constraints, firm exports and financial development: Evidence from developing countries

This paper examines whether financial development reduces the impact of credit constraints on the exporting decision using firm-level data across 17 developing countries. We approximate credit constraints by a firm’s liquidity ratio. In line with a Melitz-type model with borrowing frictions, the regression analysis confirms that the positive effect of a firm’s liquidity on the exporting probabi...

Credit Constraints under Interaction of Supply Rationing and Demand Depression: Evidence from Rural Households in China

This paper analyzes the credit demand depression phenomenon resulting from long-term institutional supply rationing. Under the interaction between imperfect formal credit system and rural households’ risk aversion behavior, rural households will be discouraged to depress their credit demand or replace it with informal credit, which we call demand-side credit constraints. It find that about 33.7...

Demand in Higher Education

Precommitments for Financial Self-Control: Evidence from Credit Card Borrowing†

We analyze a new data set on installment borrowing decisions of a sample of customers of a credit card company. In an attempt to increase its market share, the company more or less randomly offers its customers free installments, i.e. opportunities to finance credit card purchases via installment loans at a zero percent interest rate for durations up to twelve months. We exploit these offers as...

Higher education, technical efficiency and total productivity changes: evidence from Iran's manufacturing industries

The purpose of this article was to estimate the effect of higher education on total productivity changes and technical efficiency in the 4-digit classification code of ISIC in Iran during the period of 1994-04. In this regard, a two-way stage approach was used. In the first stage, Malmquist Productivity Index (MPI) and technical efficiency index by Data Envelopment Analysis (DEA) and Stochastic...