Financial systems in developing economies: growth, inequality and policy evaluation in Thailand
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| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Oxford [u.a.]
Oxford Univ. Press
2011
|
| Edition: | 1. publ. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis Klappentext |
| Physical Description: | XXX, 452, [24] S. graph. Darst., Kt. |
| ISBN: | 9780199533237 |
Staff View
MARC
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Record in the Search Index
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| adam_text | Contents
List of Figures
xvi
List of Tables
xxiii
List of Abbreviations
ХХІХ
Introduction
1
The Townsend Thai Data: Development, Extent,
and Research Engendered
5
The Larger Context: Literature in Review
9
Embracing Multiple Approaches: Methodology and a
Way Forward
14
1.
Growth, Inequality, Poverty, and Financial Deepening
16
1.1.
Growth: Demographic, GDP, and the
1997
Crisis
17
1.2.
Inequality
22
1.3.
Poverty and Well-being
24
1.4.
Financial Deepening, Crisis, and Policy Change
29
2.
Conceptual Frameworks for Measurement
36
2.1.
The Standard Accounting Model: National Income
Accounts
37
2.2.
Standard Decompositions in the Standard Model:
Unincorporated Enterprise, Private Investment
41
2.3.
Refining the Standard Accounting Model:
The Construction of Households as Firms
47
2.4.
Discrepancies between Household and
National Income
55
2.5.
Aggregates: Elaboration of the Refined Model
57
3.
Disparities among Regional Economies: Spatial
(Dis)Aggregation
63
3.1.
Provincial Economies
65
3.2.
County/Tambon Economies
76
3.3.
Village Economies: Within Provinces
97
XIII
Contents
3.4.
Households in the
National
Economy:
Temporal
and Geospatial Variations
102
3.5.
Individuals in the
Household 116
3.6.
Mekong Economies: International Comparisons
116
4.
Micro Kuznets and Macro TFP Decompositions
123
4.1.
A Macro TFP Decomposition
124
4.2.
A Micro, Kuznets Decomposition
127
5.
Driving Forces: Occupation, Financial Access, Education
137
5.1.
Occupation/Industrialization
139
5.2.
Drivers: Financial Situation (Contemporary Picture)
155
5.3.
Education
188
6.
Integrated Micro-Macro Models with Dual
Financial Sectors
195
6.1.
Occupation Choice: Financial Sector Exogenous
197
6.2.
Access Choice: Financial Sector Endogenous
218
6.3.
Occupation Choice and Financial Access at the
Provincial/Village Levels
232
6.4.
Disaggregated to the Household Levels: Successes and
Anomalies
244
7.
Neoclassical Benchmarks and Anomalies for Those
with Access
257
7.1.
Finance
257
7.2.
Risk-sharing
268
7.3.
Disaggregation and Risk-sharing Groups
275
7.4.
By Shock: Rain and Rubber Prices
279
8.
Impacts: Experimental and Econometric Program
Evaluations
285
8.1.
Million-baht Village Funds
286
8.2.
BAAC Debt Moratorium
295
8.3.
Crises, Wealth Loss, and Commercial Banks
297
8.4.
Village Funds
298
8.5.
Evaluation with Panel
305
8.6.
A Structural Model of Credit Constraints and
Impact of Village Funds
308
8.7.
Measuring the Impact of Financial Intermediation:
Linking Theory to Econometric Policy Evaluation
311
XIV
Contents
9.
Obstacles
to Trade, Enhanced Models of Selection, and the
Impact of Policy Variation
312
9.1.
Distinguishing Obstacles to Trade from
Occupation Choice
316
9.2.
Exogenous Incomplete Markets
329
9.3.
Life-cycle and Occupation Choice with Limited Credit
337
9.4.
Projects and Choice among a Combination of Lenders
344
9.5.
Distinguishing Obstacles from Repayment Data
352
9.6.
Selection into and across Credit Contracts
369
9.7.
Endogenous Industrial Organization
388
9.8.
Dynamic Village Networks
395
10.
Summary and Conclusions
404
Bibliography
423
Index
435
xv
Introduction
1.
Growth, Inequality, Poverty, and
Financial Deepening
2.
Conceptual Frameworks for
Measurement
3.
Disparities among Regional Economies:
Spatial (Dis)Aggregation
4.
Micro Kuznets and Macro TFP
Decompositions
5.
Driving Forces: Occupation, Financial
Access, Education
6.
Integrated Micro-Macro Models with
Dual Financial Sectors
7.
Neoclassical Benchmarks and
Anomalies for Those with Access
8.
Impacts: Experimental and Econometric
Program Evaluations
9.
Obstacles to Trade, Enhanced
Models of Selection, and the Impact
of Policy Variation
10.
Summary and Conclusions
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Robert M. Townsend is the
Elizabeth and James
Killian
Professor of
Economics in the Department of Economics
at MIT. Prior to that, he was the
Chartes
E.
Merriam Distinguished Service Professor
in the Department of Economics at the
University of Chicago, where he remains
a Research Associate. In addition to these
roles, he is a Fellow of both the American
Academy of Arts and Sciences and The
Econometric Society.
Professor Townsend is an American
economist whose recent work focuses
on analyzing the role and contributions
of financial systems on developing
economies, by studying applied dynamic
general equilibrium models and contract
theory. His theory contributions include
the role of financial intermediaries in
general equilibrium Arrow-Debreu models,
the revelation principle, the costly state
verification approach, optimal multi-period
contracts, decentralization of economies
with private information, money with
spatially separated agents, financial
institutions and economic growth, and
forecasting the forecasts of others. His
contributions in econometrics include the
study of risk and insurance in developing
countries. His work on Village India was
awarded the
Frisch
Medal in
1998.
Unique in its approach and in the variety of methods and data employed,
this book is the first of its kind to provide an in-depth evaluation of the financial
system of Thailand, a proto-typical Asian developing economy. Using a wealth of
primary source qualitative and quantitative data, including survey data collected by
the author, it evaluates the impact of specific financial institutions, markets for credit
and insurance, and government policies on growth, inequality, and poverty at the
macro, regional, and village level in Thailand. Useful not only as a guide to the Thai
economy but also, and more importantly, as a means of assessing the impact that
financial institutions and policy variation can have at the macro—and micro—level,
including the distribution of gains and losses, this book will be invaluable to
academics and policymakers with an interest in development finance.
Jacket illustration:
€>
Photos.com
OXFORD
UNIVERSITY PRESS
www.oup.com
|
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| institution | BVB |
| isbn | 9780199533237 |
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| spelling | Townsend, Robert M. 1948- Verfasser (DE-588)129663476 aut Financial systems in developing economies growth, inequality and policy evaluation in Thailand Robert M. Townsend 1. publ. Oxford [u.a.] Oxford Univ. Press 2011 XXX, 452, [24] S. graph. Darst., Kt. txt rdacontent n rdamedia nc rdacarrier Wirtschaftsentwicklung (DE-588)4066438-7 gnd rswk-swf Wirtschaftspolitik (DE-588)4066493-4 gnd rswk-swf Kreditwesen (DE-588)4032950-1 gnd rswk-swf Thailand (DE-588)4078228-1 gnd rswk-swf Thailand (DE-588)4078228-1 g Kreditwesen (DE-588)4032950-1 s Wirtschaftspolitik (DE-588)4066493-4 s Wirtschaftsentwicklung (DE-588)4066438-7 s DE-604 Digitalisierung UB Bayreuth - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=022535124&sequence=000003&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis Digitalisierung UB Bayreuth - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=022535124&sequence=000004&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA Klappentext |
| spellingShingle | Townsend, Robert M. 1948- Financial systems in developing economies growth, inequality and policy evaluation in Thailand Wirtschaftsentwicklung (DE-588)4066438-7 gnd Wirtschaftspolitik (DE-588)4066493-4 gnd Kreditwesen (DE-588)4032950-1 gnd |
| subject_GND | (DE-588)4066438-7 (DE-588)4066493-4 (DE-588)4032950-1 (DE-588)4078228-1 |
| title | Financial systems in developing economies growth, inequality and policy evaluation in Thailand |
| title_auth | Financial systems in developing economies growth, inequality and policy evaluation in Thailand |
| title_exact_search | Financial systems in developing economies growth, inequality and policy evaluation in Thailand |
| title_full | Financial systems in developing economies growth, inequality and policy evaluation in Thailand Robert M. Townsend |
| title_fullStr | Financial systems in developing economies growth, inequality and policy evaluation in Thailand Robert M. Townsend |
| title_full_unstemmed | Financial systems in developing economies growth, inequality and policy evaluation in Thailand Robert M. Townsend |
| title_short | Financial systems in developing economies |
| title_sort | financial systems in developing economies growth inequality and policy evaluation in thailand |
| title_sub | growth, inequality and policy evaluation in Thailand |
| topic | Wirtschaftsentwicklung (DE-588)4066438-7 gnd Wirtschaftspolitik (DE-588)4066493-4 gnd Kreditwesen (DE-588)4032950-1 gnd |
| topic_facet | Wirtschaftsentwicklung Wirtschaftspolitik Kreditwesen Thailand |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=022535124&sequence=000003&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=022535124&sequence=000004&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA |
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