Showing 1 - 10 of 188
Investment across the euro area remains below its pre-crisis level. Its performance has been weaker than in most …, corporate leverage, and uncertainty. There is a considerable cross country heterogeneity in terms of both investment dymanics … and its determinants. Based on the findings of this paper, investment is expected to pick up as the recovery strengthens …
Persistent link: https://www.econbiz.de/10011242193
with different levels of country risk. We construct a model of firms' FDI decisions, broadly in Dunning's "eclectic theory …
Persistent link: https://www.econbiz.de/10005769054
The prolonged investment decline in post-Asian crisis emerging Asia, in contrast to the swift recovery of economic … growth, has remained a puzzle. This paper shows that the post-crisis investment recession has been mainly concentrated in the …
Persistent link: https://www.econbiz.de/10011142140
Now close to 50 percent of GDP, this paper assesses the appropriateness of China’s current investment levels. It … stand out, partly due to a surge in investment over the last decade. Moreover, its investment is significantly higher than …. However, because its investment is predominantly financed by domestic savings, a crisis appears unlikely when assessed against …
Persistent link: https://www.econbiz.de/10011142176
We examine the determinants of capital flows to four developing countries during the 1990s using an explicitly disequilibrium econometric framework in which the supply and demand for capital are not necessarily equal and the actual amount of the flow is determined by the ‘short side’ of the...
Persistent link: https://www.econbiz.de/10005825608
investment. The associated revenue losses are large, and benefits in terms of new investment have been limited, raising doubts … across financing source; and that METRs on investment are larger than the overall distortion on capital, with a substantial …
Persistent link: https://www.econbiz.de/10005825616
, owing to limited time series of the available data. This paper presents an analysis of investment in Poland based on an … underexplored sectoral data set. The determinants of investment are found to include lagged investment, lead production, relative … unit labor costs, EU demand, corporate profitability, and greenfield FDI (foreign direct investment) inflows. Dynamic in …
Persistent link: https://www.econbiz.de/10005825651
This paper examines the macroeconomic implications of, and policy responses to surges in private capital inflows across a large group of emerging and advanced economies. In particular, we identify 109 episodes of large net private capital inflows to 52 countries over 1987-2007. Episodes of large...
Persistent link: https://www.econbiz.de/10005825695
Despite intense calls for safeguarding public investment in Europe, public investment expenditure, when measured in … temporary and permanent public investment shocks generate larger fiscal multipliers than exogenous increases in public … consumption and a permanent fall in public investment, keeping the overall level of public spending constant. The key message of …
Persistent link: https://www.econbiz.de/10005825753
We analyze a unique data set and uncover a remarkable result that casts a new light on the home bias phenomenon. The data are comprehensive, security-level holdings of emerging market equities by U.S. investors. We document, as expected, that at a point in time U.S. portfolios are tilted towards...
Persistent link: https://www.econbiz.de/10005825763