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| 1 |
ID:
089551
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2009.
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| Summary/Abstract |
Consumption of beer, wine and spirits by men in China is investigated, using data from the 2006 China Health and Nutrition Survey. Censoring of consumption levels is accommodated by estimating a censored equation system, using quasi maximum-likelihood and copula methods which allow the specification of non-Gaussian error distributions. Findings suggest that a misspecified error distribution can obscure the effects of explanatory variables on alcohol consumption. The procedure produces very different empirical estimates from a more conventional (Gaussian) estimator. Income does not affect alcohol consumption, with socio-demographic factors such as education, employment, and marital status playing more definitive roles. Regional differences are also found.
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| 2 |
ID:
143445
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| Summary/Abstract |
The poor are often excluded from formal credit markets, but few empirical studies in literature have investigated whether the poor are constrained in the informal credit market. This paper uses recent micro data of rural China to answer this question. An instrumental variable model is estimated to account for potential endogeneity issues. Results show that poorer households have lower probability of entering the informal credit market. Further examination shows that the poor are limited by social network and that they have no financial means to invest in their social capital to expand their social network. Our findings shed light on potential solutions of reducing poverty in rural areas.
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| 3 |
ID:
101155
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2010.
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| Summary/Abstract |
The effect of cigarette smoking on self-reported or assessed health (SAH) has been considered in several studies, with some surprising results, but smoking behavior has received less attention in studies in countries like China, than in the United States and various European countries. In this manuscript the variation in an ordinal endogenous SAH variable is modeled with an ordinal endogenous cigarette smoking variable, using the copula approach to accommodate skewness in the error distribution. The treatment approach avoids several selection issues that could bias empirical estimates. The empirical model is estimated for a random sample of adult males from nine Chinese provinces in the 2006 China Health and Nutrition Survey. The results for our sample suggest that heavy smokers are more likely to report excellent health. Government and those in health policy might target heavy smokers with the message that quitting does result in benefits, keeping in mind that their own reported assessment of their health is itself a function of several factors.
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| 4 |
ID:
121804
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2013.
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| Summary/Abstract |
The interest rate is one of the most important factors in farmers' decision-making of borrowing and lending in the informal financial market in China. This paper explores the determinants of the interest rate with microfinance data. Results show that the income disparity, the relationship between borrowers and lenders, the usage of borrowing, and formal credit constraints are important factors affecting interest rates. More importantly, to borrow from those in the higher income hierarchy, farmers have to bear higher interest rates. We attribute this to different social capitals across income groups and higher default risks for the poor. This paper contributes to a better understanding of the informal financial market in rural China and sheds light on the mechanism of higher informal interest rate formation.
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