Showing 1 - 10 of 27
We present a comparable set of results on the monetary transmission channels on firm investment for the four largest … channel. For each of those countries we estimate neo-classical investment relationships, explaining investment by its user … cost, sales and cash flow. We find investment to be sensitive to user cost changes in all those four countries. This …
Persistent link: https://www.econbiz.de/10005113530
and service sectors on capital stock, investment and value added. Our econometric estimates of an investment function …
Persistent link: https://www.econbiz.de/10005196846
exports on domestic demand for investment. In the last decade China has increased its dependence on external demand … rest of emerging Asia. Since 2001 investment expenditures have represented a key driver of Chinese GDP growth; as a very … large share of activity in the manufacturing sector is export oriented, we expect fixed capital investment in this sector to …
Persistent link: https://www.econbiz.de/10005770792
We study the effects of the world economic crisis which began in 2007 on the Italian productive system. National accounts data are supplemented with information gathered in spring 2009 from the Bank of Italy�s survey on industrial and service firms, and from interviews with about 70 of...
Persistent link: https://www.econbiz.de/10008543203
, controlling for firms characteristics. Following the literature on investment and financing constraints, we also test whether … banking consolidation affects the investment-cash flow sensitivity of firms. We examine in detail the effects of bank mergers …
Persistent link: https://www.econbiz.de/10005609374
This paper focuses on how multi-plant firms allocate their workforce and investments between headquarters or plants located in or close to the headquarters area (HQ plants) and those located in the same country but farther away from the headquarters area (non-HQ plants). Using survey data on...
Persistent link: https://www.econbiz.de/10011099643
This paper studies the effects of monetary policy on the investment behaviour of various categories of Italian firms … collateral are more affected by monetary policy. In quantitative terms, the difference in the response of investment by different …
Persistent link: https://www.econbiz.de/10005113623
This paper investigates the relationship between exchange rate fluctuations and the investment decisions of a sample of … investment through the revenue channel, and a negative effect through the cost channel. The magnitude of these effects varies … fluctuations on investment is stronger for firms with low monopoly power and for those facing a high degree of import penetration …
Persistent link: https://www.econbiz.de/10005113630
Persistent link: https://www.econbiz.de/10005671379
The process of European monetary integration has prompted interest in the study of differences in financial systems and their consequences for monetary transmission mechanisms. This paper analyses the case of a monetary union composed of countries with heterogeneous "credit channels". In order...
Persistent link: https://www.econbiz.de/10005671384