IDEAS home Printed from https://ideas.repec.org/p/arx/papers/2205.15320.html
   My bibliography  Save this paper

Payday loans -- blessing or growth suppressor? Machine Learning Analysis

Author

Listed:
  • Rohith Mahadevan
  • Sam Richard
  • Kishore Harshan Kumar
  • Jeevitha Murugan
  • Santhosh Kannan
  • Saaisri
  • Tarun
  • Raja CSP Raman

Abstract

The upsurge of real estate involves a variety of factors that have got influenced by many domains. Indeed, the unrecognized sector that would affect the economy for which regulatory proposals are being drafted to keep this in control is the payday loans. This research paper revolves around the impact of payday loans in the real estate market. The research paper draws a first-hand experience of obtaining the index for the concentration of real estate in an area of reference by virtue of payday loans in Toronto, Ontario in particular, which sets out an ideology to create, evaluate and demonstrate the scenario through research analysis. The purpose of this indexing via payday loans is the basic - debt: income ratio which states that when the income of the person bound to pay the interest of payday loans increases, his debt goes down marginally which hence infers that the person invests in fixed assets like real estate which hikes up its growth.

Suggested Citation

  • Rohith Mahadevan & Sam Richard & Kishore Harshan Kumar & Jeevitha Murugan & Santhosh Kannan & Saaisri & Tarun & Raja CSP Raman, 2022. "Payday loans -- blessing or growth suppressor? Machine Learning Analysis," Papers 2205.15320, arXiv.org.
    • Handle: RePEc:arx:papers:2205.15320
    as

    Download full text from publisher

    File URL: http://arxiv.org/pdf/2205.15320
    File Function: Latest version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Giacomo De Giorgi & Matthew Harding & Gabriel Vasconcelos, 2021. "Predicting Mortality from Credit Reports," Papers 2111.03662, arXiv.org.
    2. Stephen S. Poloz, "undated". "The Causes of Unemployment in Canada: A Review of the Evidence," Staff Working Papers 94-11, Bank of Canada.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Giacomo De Giorgi & Costanza Naguib, 2022. "Life after Default: Credit Hardship and its Effects," Diskussionsschriften dp2206, Universitaet Bern, Departement Volkswirtschaft.
    2. Robert Amano, "undated". "Empirical Evidence on the Cost of Adjustment and Dynamic Labour Demand," Staff Working Papers 95-3, Bank of Canada.
    3. De Giorgi, Giacomo & Naguib, Costanza, 2024. "Life after (soft) default," European Economic Review, Elsevier, vol. 167(C).
    4. Denise Côté & Doug Hostland, 1996. "An Econometric Examination of the Trend Unemployment Rate in Canada," Staff Working Papers 96-7, Bank of Canada.
    5. Russell Barnett & Sharon Kozicki & Christopher Petrinec, 2009. "Parsing shocks: real-time revisions to gap and growth projections for Canada," Review, Federal Reserve Bank of St. Louis, vol. 91(Jul), pages 247-266.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arx:papers:2205.15320. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: arXiv administrators (email available below). General contact details of provider: http://arxiv.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.