Households as Corporate Firms

Erscheinungsjahr 2010
ISBN: 978-0-521-19582-9
Verlag: Cambridge University Press

Buch, Englisch, Band 46, 214 Seiten, Format (B × H): 157 mm x 235 mm, Gewicht: 505 g

Reihe: Econometric Society Monographs

This investigation proposes a conceptual framework for measurement necessary for an analysis of household finance and economic development. The authors build on and, where appropriate, modify corporate financial accounts to create balance sheets, income statements, and statements of cash flows for households in developing countries, using an integrated household survey. The authors also illustrate how to apply the accounts to an analysis of household finance that includes productivity of household enterprises, capital structure, liquidity, financing, and portfolio management. The conceptualization of this analysis has important implications for measurement, questionnaire design, the modeling of household decisions, and the analysis of panel data.

Autoren/Hrsg.

Samphantharak, Krislert

Townsend, Robert M.

Fachgebiete

• Sozialwissenschaften Politikwissenschaft Regierungspolitik Wirtschafts- und Finanzpolitik
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Verhaltensökonomik
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
• Wirtschaftswissenschaften Volkswirtschaftslehre Öffentliche Finanzwirtschaft, Besteuerung

Inhaltsverzeichnis

Part I. Households as Corporate Firms: 1. Introduction; 2. Conceptual framework; Part II. Household Financial Accounting: 3. Household surveys; 4. Constructing household financial statements from a household survey; Part III. Household Finance: 5. Financial analysis; 6. An application: liquidity constraints, kinship networks, and the financing of household investment; 7. Discussion: measurement and modeling.

Über Autor(innen)

Townsend, Robert M.
Robert M. Townsend is the Elizabeth and James Killian Professor of Economics in the Department of Economics at the Massachusetts Institute of Technology. He previously was the Charles E. Merriam Distinguished Service Professor in the Department of Economics at the University of Chicago, where he remains a Research Professor. His contributions to economic theory include the revelation principle, costly state verification, optimal multiperiod contracts, decentralization with private information, money with spatially separated agents, financial structure and growth, and forecasting the forecasts of others. His contributions to econometrics include the study of risk and insurance in developing countries. His work on village India was awarded the Frisch Medal in 1998.

Samphantharak, Krislert
Krislert Samphantharak is an Assistant Professor and the Charles Robins Faculty Scholar in the School of International Relations and Pacific Studies at the University of California, San Diego. He is also an affiliate at the Bureau for Research and Economic Analysis of Development (BREAD). He received his doctoral degree in economics from the University of Chicago. In addition to his research on household finance, other research interests include family business groups, unpredictable corruption and firm investment, firm's lobby spending and its effective tax rate, effect of sales tax on gasoline prices, and economic development of the economies in Southeast Asia.