Showing 1 - 10 of 43
This paper investigates which factors determine a bank's decision to expand its activities abroad and what determines its choice of the countries to invest in. The empirical analysis is conducted using firm-level data on foreign subsidiaries for a representative sample fo nearly 2,500 OECD banks.
Persistent link: https://www.econbiz.de/10005671383
The paper analyses the sharp devergence in the nineties between capital formation in the main euro-area countries, on the one hand, and the United States, on the other. We have used data from the OECD's International Sectoral Data Base (ISDB), which includes data comparable across a certain...
Persistent link: https://www.econbiz.de/10005671398
Theoretical models of investment under uncertainty predict that the sign and the strength of the investment -uncertaintyrelationship is in principle ambiguous and can vary greatly across groups of firms depending on the degree of irreversibility of investment and the market power of the firm....
Persistent link: https://www.econbiz.de/10005640898
In this paper we build a measure of potential private-sector value added for the Italian economy that is consistent with the capital accumulation process in the Banca d'Italia's Quarterly Model -and more generally with the rest of the supply-side block of that model.
Persistent link: https://www.econbiz.de/10005640904
This paper investigates the relationship between exchange rate fluctuations and the investment decisions of a sample of Italian manufacturing firms. The results support the view that a depreciation of the exchange rate has a positive effect on investment through the revenue channel, and a...
Persistent link: https://www.econbiz.de/10005640935
This paper analyzes the decline in Italian municipal investments that began in the middle of the last decade. The … analysis shows that, organizational methods for service provision budgetary financial conditions being equal, investments … finance investments with their own resources. In more recent years, the relaxation of the constraints and the introduction of …
Persistent link: https://www.econbiz.de/10011105126
The topic of financing long-term investment is on the top of the agenda of economic policy makers and it is among the priorities of the Italian Presidency of the European Union. The paper describes the main international initiatives in the field and highlights the three most promising courses of...
Persistent link: https://www.econbiz.de/10011105129
Persistent link: https://www.econbiz.de/10000831663
Persistent link: https://www.econbiz.de/10003619067