Showing 1 - 7 of 7
This paper constructs a two-country stochastic growth model in which neutraland investment-specic technology shocks are nonstationary but cointegrated acrosseconomies. It uses this model to interpret data showing that while real investmenthas grown faster than real consumption in the United...
Persistent link: https://www.econbiz.de/10009302547
This paper empirically examines whether additional future xed capital and R&D investmentexpenditures induce rms to accumulate cash reserves while considering therole of market imperfections. Implementing a dynamic framework on a panel of US, UKand German companies, we nd that rms make larger...
Persistent link: https://www.econbiz.de/10009302548
Persistent link: https://www.econbiz.de/10003336609
Persistent link: https://www.econbiz.de/10003336991
Persistent link: https://www.econbiz.de/10003337108
Persistent link: https://www.econbiz.de/10003387563
Persistent link: https://www.econbiz.de/10002913123