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drop in investment and in the current account, in line with empirical evidence, only if the traded sector is more capital …
Persistent link: https://www.econbiz.de/10008855579
run contemporaneous elasticities of investment with respect to interest rate through the user cost and through debt …
Persistent link: https://www.econbiz.de/10010738572
This paper presents a comparable set of results on the monetary transmission channels on firm investment (the interest … those countries,investment relationships are estimated explaining investment by its user cost, sales and cash flow.A first … result is that investment is sensitive to user cost changes in all those four countries. Thisimplies an operative interest …
Persistent link: https://www.econbiz.de/10010750630
This paper provides the explicit expression of investment facing a binding debt ceiling and the explicit expression of … of the parameterizations of these Lagrange multipliers used in Euler investment equations tests during the 1990's. …
Persistent link: https://www.econbiz.de/10010750720
This paper surveys issues with respect to the structural modelling of econometric tests of investment facing financial … is to provide conditions which support the interpretation of the sensitivity of investment to liquidity variables such as … cash flow as a measure of financial constraints. The structural modelling of investment facing financial constraints is …
Persistent link: https://www.econbiz.de/10010750831
on cash flow on investment from 1990 to 1999. We compare several specifications of neo-classical demand for capital …
Persistent link: https://www.econbiz.de/10010750869
This note further characterizes the tacit collusion equilibria in the investment timing game of Boyer, Lasserre and …
Persistent link: https://www.econbiz.de/10008788971
investment level which defines the technology of production used. We show that, in general, to implement a non-linear pricing the … monopoly choice a level of investment, which depends of the type of consumer and, also, that the level of investment for each … type is correlated with the recovery degree of the investment. …
Persistent link: https://www.econbiz.de/10008792716
model. We find that i) government spending increases output and induces a simultaneous decline of investment and the current … account, but does not affect consumption; ii) the responses of output and investment are smaller in more open economies, while … simultaneous decline in investment and the current account. …
Persistent link: https://www.econbiz.de/10008793608
responsive, investment is crowded out, the drop in savings drives the current account into deficit and government spending …
Persistent link: https://www.econbiz.de/10008793996