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The Road to Financial Sustainability. Comparative Analysis of Russia and the Caucasus Region AgEcon
Sheremenko, Ganna; Escalante, Cesar L.; Florkowski, Wojciech J..
This paper examines delinquency, profitability, and outreach determinants of microfinance institutions’ (MFIs) performance in Russia and the Caucasus. The estimation is done using the Seemingly Unrelated Regression (SUR) technique. The estimation results suggest that Russian and Caucasian MFIs are profit-driven but are expected to improve outreach in the long-run.
Tipo: Working Paper Palavras-chave: Microfinance institution; SUR; Financial sustainability; Delinquency; Profitability; Social outreach; Agricultural Finance; Financial Economics; G20; G21.
Ano: 2012 URL: http://purl.umn.edu/119525
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The United States Tobacco Industry after the Buyout AgEcon
Sheremenko, Ganna; Epperson, James E..
The elimination of the quota and price support program in 2004 meant limited government intervention and made U.S. tobacco producers more vulnerable to market risks. In this paper we provide an examination of the situation in the U.S. tobacco industry before and after the buyout and identify how the enacted policy change affected the U.S. tobacco industry in terms of supply and demand. The supply and demand system is estimated using the generalized method of moments (GMM). The results suggest that the buyout, which began with lowering the price for tobacco as well as increasing the cost of production, had a negative impact on the number of farmers in the United States as it declined substantially after 2004. However, tobacco producers who remained in the...
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural and Food Policy.
Ano: 2011 URL: http://purl.umn.edu/98630
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The Universality of Microfinance Operations Model in Eastern Europe and Central Asia: Financial Sustainability vs. Poverty Outreach AgEcon
Sheremenko, Ganna; Escalante, Cesar L.; Florkowski, Wojciech J..
This paper examines delinquency, profitability, and outreach determinants of microfinance institutions’ (MFIs) performance in Russia, the Caucasus, and Central Asia. The estimation is done using the Seemingly Unrelated Regression (SUR) technique. The estimation results suggest that the regions' MFIs are profit-driven but are expected to improve outreach in the long-run.
Tipo: Presentation Palavras-chave: Microfinance institution; SUR; Financial sustainability; Delinquency; Profitability; Social outreach; Agricultural Finance; Financial Economics; International Development; G20; G21.
Ano: 2012 URL: http://purl.umn.edu/123286
Registros recuperados: 3
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