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Vortrag: Professor Rongrong Sun (Henan University, China) am 09.09.2018

Sehr geehrte Damen und Herren,

am Center for East Asia Macroeconomic Studies und am Lehrstuhl für Makroökonomik ist am 09.08.2018 Frau Professor Rongrong Sun von der Henan University in der Volksrepublik China zu Gast. Ihre Forschungsarbeiten wurden in einer Reihe von wirtschaftswissenschaftlichen Fachzeitschriften publiziert. Zu den Forschungsgebieten von Frau Professor Sun zählen Makroökonomik, die Chinesische Geldpolitik, sowie Fragestellung zur Chinesischen Volkswirtschaft allgemein.

Im Rahmen Ihres Vortrages wird Frau Professor Sun Ihr aktuelles Forschungsprojekt: “What Explains Household Borrowing and Credit Constraints? Evidence from China” vorstellen.

Der Vortrag findet am 09.08.2018 um 11.00 Uhr s.t. im Gebäude 3 (IZ), Raum F 009, EG, Universitätsstraße 1/11 statt. Die Dauer des Vortrags beträgt ca. eine Stunde mit der anschließenden Möglichkeit für Fragen und Diskussionen.

Wir würden uns sehr über Ihre Teilnahme freuen.

Abstract:

This paper uses the three rounds of the CHFS survey (2011and 2013) to examine the determinants of household credit demand and credit constraints in China. In 2011, about the half of the households that had a desire of bank credits were facing credit constraints, which declined to 34 percent in 2013. In general, the credit market participation rate in China is moderate, 14 percent in 2013, which is partly accountable to troublesome application procedures and financial illiteracy among households.

The empirical estimation results suggest that income, wealth and education qualifications are the main factors driving credit market participation, while high income, high wealth and more education lower credit constraints. The family size, the home ownership and being self-employed have positive significant impact on both.

The likelihood of being credit constrained and the chance of obtaining a loan, while being unemployed significantly increases the likelihood of being credit constrained only.

In China, the likelihood of being credit constrained peaks at 33 years old.

Moreover, the results show that people in the western region are less likely to be credit constrained on average. This implies the existence of regional imbalance in financial developments in China, despite the current general credit ease.

Sekretariat Makro | 20.07.2018
FernUni-Logo FernUniversität in Hagen, Lehrstuhl für Volkswirtschaftslehre, insb. Makroökonomik