Showing 1 - 10 of 22
We construct comprehensive and comparable indices on the most relevant components of economic infrastructure. An unobserved components model is employed to cover the largest possible number of developing and developed countries over the period 1990-2010. We map major findings from the new...
Persistent link: https://www.econbiz.de/10010886848
financial spheres. The monetary profit inducing capitalist production, emanates from the sphere of finance. In a world of … fundamental uncertainty this gives us an explanation of, not only what may drive financial booms and busts, but also how these …
Persistent link: https://www.econbiz.de/10008479049
The present contribution tests whether countries can be pooled when studying the financegrowth nexus. Overall, our results point toward a ‘pragmatic’ positive answer, though considerable heterogeneity is present among developing countries.
Persistent link: https://www.econbiz.de/10005755203
The Finance-Growth Nexus is a classical source of debate among economists. This contribution offers regional evidence … countries. The results for this application support the view that finance leads growth, reject its possible endogeneity and …
Persistent link: https://www.econbiz.de/10005818797
recent firm level database. We pay particular attention to the impact of domestic access to finance. Our results show that … engage in own R&D or if they have good access to domestic finance. However, access to finance only plays a role for private … little significance for SOEs and is also independent of their access to finance. By contrast, it is an important channel …
Persistent link: https://www.econbiz.de/10005818806
frameworks and techniques for analyzing climate policy in the context of uncertainty. This paper will give an overview of …
Persistent link: https://www.econbiz.de/10010955710
. A key assumption is that mergers create uncertainty on productivity and informational asymmetry between firms. The paper …
Persistent link: https://www.econbiz.de/10010956064
An important question for central banks is how they should report the uncertainty of their forecasts. This paper … discusses a way in which a central bank could report the uncertainty of its forecasts in a world in which it used a single …
Persistent link: https://www.econbiz.de/10010956134
that the social cost of carbon, corrected for uncertainty and inequity, is 61 US dollar per metric tonne of carbon. …
Persistent link: https://www.econbiz.de/10005083362
The paper develops a model of firm´s investment under uncertainty with financial market imperfections and analyzes the … external finance premium. In the presence of financial market imperfections the firm forms expectations about future financial … the interest cost of debt repayment and of a provision for external finance that depends on the firm´s expectations over …
Persistent link: https://www.econbiz.de/10005083386