Since China started the "revolution" of the rural economy in 1978, a series of reforms has been implemented in the area of rural finance, focusing on institutional changes. Looking back on these historical changes, there is still a long ways to go. China's central government has put forward a new co
Households as Corporate Firms: An Analysis of Household Finance Using Integrated Household Surveys and Corporate Financial Accounting
โ Scribed by Krislert Samphantharak, Robert M. Townsend
- Publisher
- Cambridge University Press
- Year
- 2009
- Tongue
- English
- Leaves
- 214
- Series
- Econometric Society Monographs
- Edition
- 1
- Category
- Library
No coin nor oath required. For personal study only.
โฆ Synopsis
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.
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