کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
7388075 | 1480794 | 2018 | 34 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Housing as collateral, financial constraints, and small businesses
ترجمه فارسی عنوان
مسکن به عنوان وثیقه، محدودیت های مالی، و کسب و کارهای کوچک
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
چکیده انگلیسی
What drove the synchronization between the small business sector and the housing market during the U.S. housing market boom and bust in the 2000s? I develop an occupational choice model in which house price fluctuations affect the entry-exit and expansion-contraction decisions of small business owners through the housing collateral channel. I perform an experiment in which a sequence of housing shocks constructed to replicate the observed housing market conditions in the 2000s are plugged into the calibrated model. The experiment shows that the synchronization is due mainly to the housing collateral effect.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Review of Economic Dynamics - Volume 30, October 2018, Pages 68-85
Journal: Review of Economic Dynamics - Volume 30, October 2018, Pages 68-85
نویسندگان
Taejun Lim,