Insolvency and economic development: Regional variation and adjustment

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dc.contributor.authorFabling, Richard
dc.contributor.authorGrimes, Arthur
dc.date.accessioned2013-11-15T01:17:45Z
dc.date.available2013-11-15T01:17:45Z
dc.date.copyright2005-07
dc.date.issued2005
dc.description.abstractWe examine the determinants of forced insolvency in New Zealand. The study incorporates three key features. First, we use regional as well as national data. Second, we analyse the role of property prices, which influence collateral values. Third, we explain the rate of total forced insolvency including personal bankruptcies and involuntary company liquidations. Insolvencies are explained by economic activity, financial variables and collateral values. The interactions between economic activity, leverage and property price (collateral) shocks indicate that region-specific shocks can compound into significant localised economic cycles.en_NZ
dc.identifier.citationFabling, R. & Grimes, A. (2005). Insolvency and economic development: Regional variation and adjustment. Journal of Economics and Business, 57(4), 339-359.en_NZ
dc.identifier.doi10.1016/j.jeconbus.2005.02.005en_NZ
dc.identifier.urihttps://hdl.handle.net/10289/8176
dc.language.isoenen_NZ
dc.publisherElsevieren_NZ
dc.relation.isPartOfJournal of Economics and Businessen_NZ
dc.relation.ispartofJournal of Economics and Business
dc.relation.urihttp://www.sciencedirect.com/science/article/pii/S0148619505000317en_NZ
dc.subjectinsolvencyen_NZ
dc.subjectbankruptcyen_NZ
dc.subjectliquidationen_NZ
dc.titleInsolvency and economic development: Regional variation and adjustmenten_NZ
dc.typeJournal Articleen_NZ
pubs.begin-page339en_NZ
pubs.elements-id32958
pubs.end-page359en_NZ
pubs.issue4en_NZ
pubs.volume57en_NZ
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