Showing 1 - 10 of 16
Investment in network infrastructure can boost long-term economic growth in OECD countries. Moreover, infrastructure … investment can have a positive effect on growth that goes beyond the effect of the capital stock because of economies of scale … between infrastructure and economic growth. Time-series results reveal a positive impact of infrastructure investment on …
Persistent link: https://www.econbiz.de/10008528994
This paper finds that coherent regulatory policies can boost investment in network industries of OECD economies. Rate … changed investment in network industries. According to the theoretical literature, regulatory uncertainty exposes both types …-of-return regulation because investment decisions (what can be included in the rate base) are usually evaluated in a discretionary manner …
Persistent link: https://www.econbiz.de/10008529005
The paper analyzes investment behavior of industrial enterprises in the period immediately following price and foreign … microeconomic decisions. A dynamic investment function with symmetric adjustment cost function based on the Euler equation has been … estimated. The derived and estimated investment function accounts for export sales in order to determine whether firms evaluate …
Persistent link: https://www.econbiz.de/10005677415
the Arellano-Bond (1991) method to investigate the investment behaviour. We employ the model of optimal capital …
Persistent link: https://www.econbiz.de/10005677507
We examine financial constraints and forms of finance used for investment, by analysing survey data on 157 large … assets as appropriate types of finance for their investment programmes. Preferences for raising finance in the form of equity …
Persistent link: https://www.econbiz.de/10005677539
We study whether Russian Financial-Industrial Groups facilitate access by Russian firms to investment finance. We … control set of large firms categorized by dispersed ownership or/and management and employee control. We find that investment … reallocation hide opportunistic value transfer across firms. Specifically, we assess the quality of the investment process in group …
Persistent link: https://www.econbiz.de/10005677603
Strategic restructuring of firms through investment is key to a transition from plan to market. Using data on … rationed. Given the large volume of non-performing bank loans to firms and the high rate of investment of large state owned and …
Persistent link: https://www.econbiz.de/10005677628
In this paper we use a survey of 281 Czech, Hungarian and Polish newly established small private firms in order to shed some light on the constrains these firms face in the credit market. The results of our survey show that imperfections in capital markets in Central European economies do not...
Persistent link: https://www.econbiz.de/10005677689
simultaneously TFP, Total Factor Productivity, identified as efficiency, and the parameters of a model where investment depends upon … internal funds, wages, and sales, as in Prasnikar J. and Svejnar J. (2000). It shows that while real investment is higher in … foreign firms, the improvement in efficiency due to investment is significantly higher in Hungarian domestic firms. We test …
Persistent link: https://www.econbiz.de/10005651491
A multitude of explanations for low investment by Russian firms have been offered: high inflation, high interest rates … investment in Russia will not occur if firms are unable to ensure the security of their property and property rights; that is, if … the risk of destruction or expropriation is high. Nor will investment occur if access to investment funds is limited. Data …
Persistent link: https://www.econbiz.de/10005651498