Showing 1 - 10 of 41
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
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
We assess the impact of low-skilled immigration on capital intensity. We first present a model characterized by frictions in the labor market and firms' asymmetric information on workers' skills and show that firms can react to the immigration-induced reduction of their workforce's skill level...
Persistent link: https://www.econbiz.de/10009645789
Profit share in Italy has been growing between the mid-1970s and the mid-1990s, remaining stable at historically high levels since than. After dropping in the first half of the 1970s, owing to an unprecedented rapid rise in wages, profit share started to recover. The rise during the 1980s...
Persistent link: https://www.econbiz.de/10005770758
The paper reconstructs the items of the regional accounts, disposable income and wealth of the household sector for the North-West, North-East, Centre, and South and Islands for the years 1970-1995. The analysis is significant for the length of the sample period, the number of time series...
Persistent link: https://www.econbiz.de/10005609364
This paper examines how business investment responds to investment tax credit, as enacted by Italy�s Law 388/2000. To … the expiry date, our findings suggest that it has been effective in stimulating investment. …
Persistent link: https://www.econbiz.de/10005609409