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This paper examines the dynamic relationship between Private Domestic Investment (PDI), Foreign Direct Investment (FDI …) and Public Investment (PU) in India for the period 1978-79 to 2009-10. Zivot and Andrews test has been used to know the … structural break points in the data series. The empirical results derived from structural VAR model indicate that FDI has …
Persistent link: https://www.econbiz.de/10011213118
response of investment to continued demand weakness, leading in turn to a deterioration in potential output via a hysteresis … government investment as a share of GDP has further exacerbated post-crisis weakness in capital stock growth, both directly and … probably indirectly via adverse spillover effects on business investment. Finally, at a time when the use of conventional macro …
Persistent link: https://www.econbiz.de/10011577778
capital stock since the financial crisis can be explained by an accelerator response of investment to continued demand …. In many OECD countries, declining government investment as a share of GDP has further exacerbated post-crisis weakness in … capital stock growth, both directly and probably indirectly via adverse spillover effects on business investment. Finally …
Persistent link: https://www.econbiz.de/10011914168
dynamic model of firm investment and debt in which liquidity constraints enter explicitly into the firm's maximization problem …, so that investment depends positively on the firm's financial position. The optimal policy rules are incorporated into a … investment decisions of firms. Firms ability to raise equity is about 73% of what it would have been under free capital markets …
Persistent link: https://www.econbiz.de/10005085507
investment behavior. New theories, better econometric procedures, and more detailed panel data sets are behind this movement … general equilibrium aspects of the investment problem also has been significant. The concept of sunk costs is at the center of … modern theories. The implications of these costs for investment go well beyond the neoclassical response to the irreversible …
Persistent link: https://www.econbiz.de/10014024233
exhibit high and significant investment-cash flow sensitivities. Our findings provide a new explanation for why some …
Persistent link: https://www.econbiz.de/10010594188
investment. …
Persistent link: https://www.econbiz.de/10010576443
Firms expect certain investment expenditures. Firms realize certain investment expenditures. The difference is an … investment surprise. With the help of the IFO Investment Survey for the German manufacturing sector we measure firms …’ (quantitative) investment expectations and firms’ (quantitative) investment realizations on a yearly basis and construct a panel of …
Persistent link: https://www.econbiz.de/10011084608
fixed investment that became excessive and proved to be unsustainable, while the productivity acceleration helps to account …-01 collapse of investment and the stock market proves that good public policy matters, going beyond the narrowly defined …
Persistent link: https://www.econbiz.de/10005792478
We estimate demand, supply, monetary, investment and financial shocks in a VAR identified with a minimum set of sign … restrictions on US data. We find that financial shocks are major drivers of fluctuations in output, stock prices and investment but …
Persistent link: https://www.econbiz.de/10010387279