Risk Adjusted Elasticities of Substitution, Household Financial Asset Holdings and Financial Disintermediation in India – Evidence From a Flexible Functional Form Approach

2021 ◽  
Author(s):  
R. Krishnan
Keyword(s):  
Functional Form ◽  
Financial Asset ◽  
Form Approach ◽  
Asset Holdings

Financial Asset Holdings and Political Attitudes: Evidence from Revolutionary England *

2015 ◽  
Vol 130 (3) ◽  
pp. 1485-1545 ◽  
Author(s):  
Saumitra Jha
Keyword(s):  
Civil War ◽  
Property Rights ◽  
Political Attitudes ◽  
Financial Asset ◽  
Financial Assets ◽  
Representative Government ◽  
Economic Opportunities ◽  
Parliamentary Supremacy ◽  
Asset Holdings

Abstract The English Parliament’s struggle for supremacy against monarchical dictatorship during the Civil War (1642–1648) was crucial for the establishment of representative government, yet its lessons continue to be debated. I exploit novel data on individual MPs drawn from 1,842 biographies to show that the conflict was over overseas interests and other factors over which the executive enjoyed broad constitutional discretion, rather than over domestic property rights. I further exploit the coincidence of individual MPs’ ability to sign legally binding share contracts with novel share offerings by overseas companies to measure the effect of overseas share investment on their political attitudes. I show that overseas shareholding pushed moderates lacking prior mercantile interests to support reform. I interpret the effect of financial assetholding as allowing new investors to exploit emerging economic opportunities overseas, aligning their interests with traders. By consolidating a broad parliamentary majority that favored reform, the introduction of financial assets also broadened support for the institutionalization of parliamentary supremacy over dictatorial rule.

scholarly journals Some Model Assisted Estimators Using Functional Form Calibration Approach

2021 ◽  
pp. 963-970
Author(s):  
Naila Alam ◽  
Muhammad Hanif
Keyword(s):  
Functional Form ◽  
Model Misspecification ◽  
Calibration Method ◽  
Distance Measures ◽  
Regression Estimators ◽  
Control Matrix ◽  
Distance Minimization ◽  
Form Approach ◽  
Design Weights ◽  
Calibration Approach

The Model assisted estimators are approximately design unbiased, consistent and provides robustness in the case of large sample sizes. The model assisted estimators result in reduction of the design variance if underlying model reasonably defines the regression relationship.  If the model is misspecified, then model assisted estimators might result in an increase of the design variance but remain approximately design unbiased and show robustness against model-misspecification. The well-known model assisted estimators, generalized regression estimators are members of a larger class of calibration estimators. Calibration method generates calibration weights that meet the calibration constraints and have minimum distance from the sampling design weights. By using different distance measures, classical calibration approach generates different calibration estimators but with asymptotically identical properties. The constraint of distance minimization was reduced for studying the properties of calibration estimators by proposing a simple functional form approach. The approach generates calibration weights that prove helpful to control the changes in calibration weights by using different choices of auxiliary variable’s functions.  This paper is an extended work on model assisted approach by using functional form of calibration weights. Some new model assisted estimators are considered to get efficient and stabilized regression weights by introducing a control matrix. The asymptotic un-biasedness of the proposed estimators is verified and the expressions for MSE are derived in three different cases.  A simulation study is done to compare and evaluate the efficiency of the proposed estimators with some existing model assisted estimators.

scholarly journals Using a Macroalgal Functional Form Approach to Assess the Level of Disturbance of Seagrass Meadows in Bahía of Nuevitas, Cuba (2000-2002)

2019 ◽  
Vol 10 (11) ◽  
pp. 2020-2033
Author(s):  
Rubén Cabrera ◽  
Jhoana Díaz-Larrea ◽  
Schery Umanzor ◽  
Laura Georgina Núñez García
Keyword(s):  
Functional Form ◽  
Seagrass Meadows ◽  
Form Approach

scholarly journals The Demand for Money for EMU: a Flexible Functional Form Approach

2018 ◽  
Vol 29 (2) ◽  
pp. 353-371 ◽  
Author(s):  
William A. Barnett ◽  
Neepa B. Gaekwad
Keyword(s):  
Functional Form ◽  
Demand For Money ◽  
Form Approach

scholarly journals An Analysis Of The Interest Elasticity Of Financial Asset Holdings By Income

2011 ◽  
Vol 16 (3) ◽  
Author(s):  
Brian Amick ◽  
James M. McGibany
Keyword(s):  
Interest Rates ◽  
Money Demand ◽  
Income Level ◽  
Financial Asset ◽  
Lower Income ◽  
Demand Model ◽  
Keynesian Model ◽  
Asset Holdings

<p>A Keynesian money demand model is used to examine the interest elasticity of financial asset holdings by income level.  In this model, once an individual receives income, they first make transactions, and any leftover income goes for speculative purposes.  Since only speculative balances are assumed to change with interest rates, individuals with income used mainly for transactions purposes are theorized to have asset holdings that are unresponsive to interest rates, while higher income individuals with speculative balances are expected to be more responsive to interest rates.  The results support the Keynesian model, as lower income households are found to have the smallest interest elasticity, and the estimated elasticity rises with income.</p>

Islamic religiosity and Islamic financial asset holdings (IFAH)

2019 ◽  
Vol 10 (4) ◽  
pp. 591-606
Author(s):  
Rozaimah Zainudin ◽  
Nurul Shahnaz Mahdzan ◽  
Rosmawani Che Hashim ◽  
Noor Adwa Sulaiman
Keyword(s):  
Religious Education ◽  
Generalized Linear Model ◽  
Financial Asset ◽  
Financial Assets ◽  
Kuala Lumpur ◽  
Content Type ◽  
Financial Products ◽  
The Relationship ◽  
Practical Implications ◽  
Asset Holdings

Purpose This paper aims to examine the relationship between Islamic religiosity and Islamic financial asset holdings (IFAH) among Muslim individuals in Malaysia. Design/methodology/approach Data for this study were collected through a survey questionnaire, and a sample of 751 working Muslims in Kuala Lumpur was obtained. Islamic religiosity was measured via religiosity levels and religiosity dimensions. IFAH was measured as the fraction of Islamic financial assets held in a financial portfolio. A generalized linear model (GLM) was used to estimate the relationships. Findings The results show that religiosity level influences the IFAH. Devout Muslims held more Islamic financial assets than casual Muslims. All religiosity dimensions influenced IFAH, with faith having the greatest influence and virtues the least. Educational level strongly influenced IFAH. Research limitations/implications The sample consisted of working Muslims in Kuala Lumpur; hence, generalization cannot be made to all Malaysian Muslims. This study only focused on Islamic financial assets and did not consider other types of Islamic financial products, such as financing. Practical implications Efforts to encourage Muslims to opt for Islamic financial assets may be more effective if they begin from the core of religious education. Educating individuals on Islamic principles, including the values and concepts of Islamic finance, is important to encourage the Islamic banking industry to prosper among Muslims. Originality/value The paper provides an extension of current literature on spirituality and religion by incorporating a comprehensive measure of Islamic religiosity and its relationship with financial asset holdings.

Sign in / Sign up

Export Citation Format

Share Document