How Long to Read What Drives Household Borrowing and Credit Constraints? Evidence from Bosnia & Herzegovina

How Long Does it Take to Read What Drives Household Borrowing and Credit Constraints? Evidence from Bosnia & Herzegovina?

It takes the average reader and 34 minutes to read What Drives Household Borrowing and Credit Constraints? Evidence from Bosnia & Herzegovina by Mali Chivakul

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Description

Although Bosnia and Herzegovina (BiH) has experienced rapid growth in credit to households in recent years, most individuals are still credit constrained. This paper analyzes the determinants of household credit demand and credit constraints in BiH. To our knowledge, it is the first study on this topic employing household survey data (2001 and 2004) from Emerging Europe. Our results highlight the impact of the post-conflict and transitional nature of the country on the behavior of borrowers and lenders. As expected, age, income, wealth and education qualifications are the main factors driving credit market participation, while high income and high wealth lower credit constraints. In BiH, the probability of credit market participation peaks at 45 years old, considerably higher than in the advanced countries. At the same time, older individuals are significantly more constrained than their peers in the advanced countries. The results imply that the current credit boom may largely reflect the overall post-war demand, and indicate the worse-off position of the older generation in transition economy. Moreover, the results underscore the structural nature of unemployment as well as the mismatch between education qualifications and earning prospects in BiH. Education variables have no significant effect on the likelihood of being constrained, while, unlike in the advanced countries, being unemployed significantly increases the likelihood.

How long is What Drives Household Borrowing and Credit Constraints? Evidence from Bosnia & Herzegovina?

What Drives Household Borrowing and Credit Constraints? Evidence from Bosnia & Herzegovina by Mali Chivakul is 34 pages long, and a total of 8,636 words.

This makes it 11% the length of the average book. It also has 11% more words than the average book.

How Long Does it Take to Read What Drives Household Borrowing and Credit Constraints? Evidence from Bosnia & Herzegovina Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 47 minutes to read What Drives Household Borrowing and Credit Constraints? Evidence from Bosnia & Herzegovina aloud.

What Reading Level is What Drives Household Borrowing and Credit Constraints? Evidence from Bosnia & Herzegovina?

What Drives Household Borrowing and Credit Constraints? Evidence from Bosnia & Herzegovina is suitable for students ages 8 and up.

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