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Households as corporate firms
Authors: ---
ISSN: 20592507 ISBN: 9780511675270 0511675275 9780511672026 0511672020 9780511808210 0511808216 0521195829 0521124166 0511847726 9780511847721 1316086690 9781316086698 1282486667 9781282486669 9786612486661 661248666X 0511674082 9780511674082 0511670745 9780511670749 0511673299 9780511673290 9780521195829 9780521124164 Year: 2010 Volume: 46 Publisher: Cambridge New York Cambridge University Press

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Abstract

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.

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