Similar Search Results

Entry Costs, Intermediation, and Capital Flows

Imrohoroglu, Ayse; Kumar, Krishna B. - EconWPA - 2003

In this paper, we reexamine the question "Why doesn't capital flow from rich to poor countries?" posed, most recently, by Lucas (1990). We build a simple contracting framework where costly intermediation together with an adverse selection problem have quantitatively important effects on capital...

Persistent link: https://www.econbiz.de/10005126182

Investment-Saving Comovement and Capital Mobility: Evidence from Century Long U.S. Time Series

Levy, Daniel - EconWPA - 2005

This paper makes three contributions: First, I construct annual time series of gross domestic investment and national saving in the U.S. for the 1897–1949 period using historical component series. I compare the qualitative and quantitative properties of the newly constructed series with the...

Persistent link: https://www.econbiz.de/10005408170

Does China have an impact on foreign direct investment to Latin America?

Santabarbara, Daniel; Garcia-Herrero, Alicia - EconWPA - 2005

We analyze empirically whether the emergence of China as a large recipient of FDI has affected the amount of FDI … find a substitution from Latin American inward FDI to China, when other relevant factors are taken into account. However …, concentrating on the last few years (from 1995 to 2001), when FDI boomed worldwide and negotiations for China’s WTO membership …

Persistent link: https://www.econbiz.de/10005062690

Environmental Technology Transfer in a FDI Regime A Developing Country Perspective

One, Author; Two, Author; Thirdone, U. - EconWPA - 2002

The environmental impact of Foreign Direct Investment is still to be explored totally. It is often argued that investment may come to a region or country where environment protection norms are less strict. Investors may be induced to outsource their pollution-intensive production where the...

Persistent link: https://www.econbiz.de/10005408033

Does China have an impact on foreign direct investment to Latin America?

Garcia-Herrero, Alicia; Santabarbara, Daniel - EconWPA - 2005

Persistent link: https://www.econbiz.de/10005556626

Aggregate investment dynamics when firms face fixed investment cost and capital market imperfections

Bayer, Christian - EconWPA - 2004

This paper analyzes a model of investment with fixed investment costs and capital market imperfections. In this model finance influences the level of capital firms hold, as well as the frequency at which they invest. In consequence investment reacts nonlinearly with respect to shocks to...

Persistent link: https://www.econbiz.de/10005076705

Finance Constraints and Inventory Investment: Empirical Tests with Panel Data

Cunningham, Rose - EconWPA - 2004

The author empirically tests two aspects of the interaction between financial variables and inventory investment: negative cash flow and finance constraints due to asymmetric information. This is one of the first studies of inventory investment and finance constraints using Canadian data. A...

Persistent link: https://www.econbiz.de/10005076725

Adverse Selection and the Accelerator

House, Christopher L. - EconWPA - 2002

This paper reexamines the relationship between financial market imperfections and economic instability. I present a model in which financial accelerator effects come from adverse selection in credit markets. Unlike other models of the financial accelerator, the model I present has the potential...

Persistent link: https://www.econbiz.de/10005076745

Machine replacement, Network Externalities and Investment Cycles

Ruiz, Juan - EconWPA - 2003

This paper presents a model where agents decide on the timing of replacement of ageing machines. The optimal replacement policy for an agent is influenced by other agents' decisions because the productivity of a particular vintage displays network externalities that set in with a lag. In...

Persistent link: https://www.econbiz.de/10005076759

Financial Market Imperfections and Investment: an Overview

Calmès, Christian - EconWPA - 2004

The paper examines the interpretation of firms' investment-cash flow sensitivity as an artifact of financial market imperfection. Two alternative explanations of the financial constraints are compared. One is based on informational problems (asymmetric information). The other focuses on limited...

Persistent link: https://www.econbiz.de/10005077038

1
2
3
4
5
6
7
8
9
10
Next
Last