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Does a Soft Macroeconomic Environment Induce Restructuring on the Microeconomic Level during the Transition Period? Evidence from Investment Behavior of Czech Enterprises

Lizal, Lubomir - EconWPA - 2001

The paper analyzes investment behavior of industrial enterprises in the period immediately following price and foreign … microeconomic decisions. A dynamic investment function with symmetric adjustment cost function based on the Euler equation has been … estimated. The derived and estimated investment function accounts for export sales in order to determine whether firms evaluate …

Persistent link: https://www.econbiz.de/10005118676

The Misallocation of Resources of Anticipated Inflation

Frenkel, Michael; Mehrez, Gil - EconWPA - 1997

This paper analyzes the effects of anticipated inflation on the resource allocations between production and financial services. We develop a model with heterogeneous workers and two sectors economy. A manufacturing sector producing a final composite good and a financial sector providing monetary...

Persistent link: https://www.econbiz.de/10005126418

Agent Behaviour, Financial Market and Welfare Theory

Paranque, Bernard; Baets, Walter; Pruden, Henry - EconWPA - 2005

An important literature has pointed out the coordination problems faced by the agents, in particular the financial one when they have to manage risk and their portfolio. If we follow Kaldor and its definition of speculation, then we could point out that in this case agents are short term...

Persistent link: https://www.econbiz.de/10005413089

SAVINGS MOBILIZATION ROLE OF NIGERIAN COMMERCIAL BANKS:AN ANALYTICAL POLICY STUDY

NWAOBI, GODWIN CHUKWUDUM - EconWPA - 2003

CAPITAL ACCUMULATION HAS BEEN EMPHASISED AS THE MAJOR FACTOR GOVERING THE RATE OF DEVELOPMENT. THIS STUDY THEREFORE AIMS EXPLORING IN THE LIGHT OF PAST TRENDS, THE ROLE AND SCOPE OF COMMERCIAL BANKS AS FINANCIAL INTERMEDIARIES IN MOBILIZING DOMESTIC SAVINGS FOR DEVELOPMENT AND THE CONSTRAINTS IN...

Persistent link: https://www.econbiz.de/10005076971

Estimates of the Aggregate Quarterly Capital Stock for the Post- War U.S. Economy

Levy, Daniel; Chen, Haiwei - EconWPA - 2005

stock, capital depreciation, and capital discard figures along with quarterly investment series. We construct nominal and …

Persistent link: https://www.econbiz.de/10005556122

New Estimates of Government Net Capital Stocks for 22 OECD Countries 1960-2001

Kamps, Christophe - EconWPA - 2005

small sample of countries. Alternatively, many researchers have investigated the output effects of public investment …- recognizing that investment may be a poor proxy for the corresponding capital stock. This paper attempts to overcome the data …

Persistent link: https://www.econbiz.de/10005556919

A Compositional Statistical Analysis of Capital per Worker

Larrosa, Juan Manuel - EconWPA - 2003

. However, capital composition differs across countries. What has been the pattern of capital composition associated with World …

Persistent link: https://www.econbiz.de/10005561304

An estimated new Keynesian dynamic stochastic general equilibrium model of the Euro area

Ratto M.; Roeger W.; in’t Veld J.; Girardi R. - EconWPA - 2005

In recent years a new consensus has emerged in macroeconomics in general and in model building in particular, the so called New Keynesian Paradigm (NKM). This paper applies Bayesian estimation techniques to a time series data set of the euro area and presents estimates of a DSGE model. The...

Persistent link: https://www.econbiz.de/10005561357

After the "License Raj": Economic Liberalization and Aggregate Private Investment in India

Emran, M. Shahe; Alam, M. Imam; Shilpi, Forhad - EconWPA - 2003

conclusions emerge from the estimation of the investment function by ARDL approach. First, the response of private investment with …

Persistent link: https://www.econbiz.de/10005124859

Measuring Total Factor Productivity: Growth Accounting for Bulgaria

Ganev, Kaloyan - EconWPA - 2005

Total factor productivity measurement enables researchers to determine the contribution of supply-side production factors to economic growth. For Bulgaria, which is a transition economy, it is difficult to construct a production function with stable parameters, mostly because there are atypical...

Persistent link: https://www.econbiz.de/10005125694