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"This paper asks whether new technological capacity for producing and exporting additional products provides incentives for greater capital accumulation, without being fully reflected in a higher rate of total factor productivity (TFP) growth. Using a highly disaggregated data set of each...
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currently. The authors also derive a more general rule for sustainability--maintain positive constant genuine investment …
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firms were more likely to reduce their debt levels. These findings are consistent with the trade-off theory of capital …
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Brazil, Chile, and Mexico. Costs include investment banking and legal fees, regulatory and exchange listing costs, rating …
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evidence they present shows that debt is replacing equity in financing the investment needs of utilities and transport services …
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