Households as Corporate Firms: An Analysis of Household Finance Using Integrated Household Surveys and Corporate Financial Accounting (Econometric Society Monographs)
Cambridge University Press, 12/14/2009
EAN 9780521195829, ISBN10: 0521195829
Hardcover, 214 pages, 22.8 x 15.2 x 1.6 cm
Language: English
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.
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.
'This is path-breaking work. This monograph lays out the data needed for high-quality empirical work and gives concrete examples of how it can be done. This work and methodology should and will become extremely influential.' Orazio Attanasio, University College London