Financial and labor market imperfections and investment
This paper analyses how financial and labor market imperfections jointly influence investment. The contemporaneous presence of imperfections gives rise to a negative correlation between EPL and investment. Our results support the policies promoted by European institutions to reform both markets.
Year of publication: |
2009
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Authors: | Calcagnini, Giorgio ; Giombini, Germana ; Saltari, Enrico |
Published in: |
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 102.2009, 1, p. 22-26
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Publisher: |
Elsevier |
Keywords: | Investment models Financing constraints Labor protection legislation Panel data models |
Saved in:
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