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With North Korea going nuclear, tensions ever present in the Taiwan Strait, and growing posturing over territories thought to be rich in resources, the question of how lasting peace, order, stability and prosperity can be achieved in Northeast Asia has become increasingly important....
Persistent link: https://www.econbiz.de/10005836788
Pennings (2000) has shown that the government can speed-up investment by subsidizing the potential investing firm …'s entry cost while taxing the future proceeds from the investment, so as to render the net expected value of its subsidy … program zero. This note argues that while speeding-up the investment timing, this subsidy-tax program also lowers the value of …
Persistent link: https://www.econbiz.de/10005837091
The aim of the paper is to critically describe the behaviour of the main Italian transport infrastructural agents (national roads and rails, highway, airports concessions) in the field of infrastructure financing. All the actors are trying to avoid the effects of regulation and, at the same...
Persistent link: https://www.econbiz.de/10005837122
Aggregate and sector-level investment equations that incorporate the exchange rate are estimated for a panel of 17 OECD … aggregate investment in both the short run and the long run. This effect is negative in all sectors in the short run, is … wage, have an insignificant impact on investment in the short run in most sectors, but a rise in the real wage has a …
Persistent link: https://www.econbiz.de/10005837128
The paper discusses the present regulatory framework in Italy concerning transport infrastructures financing and provides some policy indications. The Italian situation is characterised by non homogeneity among the transport modes and insufficient, or even perverse, incentives to efficiency....
Persistent link: https://www.econbiz.de/10005837154
The Chinese economy does still not qualify as demand-driven economy. Its growth is based on investment. In fact … successive waves of investment have emerged during the eighties and produced a piling-up of productive systems. A wave of small … national enterprises and entrepreneurs, a second large wave of foreign direct investment from overseas Chinese mainly from Hong …
Persistent link: https://www.econbiz.de/10005837180
For much of human history, most people have been deprived of liberty without economic and investment opportunities …
Persistent link: https://www.econbiz.de/10011157032
proposed vegetable crops . The investment itself involves setting up a vegetable farm in protected areas, whose capacity will …, drill, plug, etc. In the analysis performed we estimated two hypothetical situations: where basic investment expenditures … (106,578 lei) are covered by the loan to the bank and the situation in which the investment is financed 40% by way of grant …
Persistent link: https://www.econbiz.de/10011157035
investment by that firm, both in the short and long-term. In the presence of ‎this interaction term, linear variables in oil … shocks depress investment more at firms facing greater uncertainty. An increase in firm ‎stock price volatility continues to … reduce the link between sales growth and investment in the ‎presence of oil price shocks as in Bloom et al. (2007).‎ …
Persistent link: https://www.econbiz.de/10011257948
using a real options approach, much as they do when making other types of capital investment decisions. Theoretically we … option to learn about the productivity of potential hires before permanent investment occurs. Higher uncertainty and … adjustment costs hinder permanent investment and increase the value of the option to learn. Greater competition for workers …
Persistent link: https://www.econbiz.de/10011258449