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We quantify the impact of barriers to international investment, using a novel multi-country dynamic general equilibrium … asset positions. We estimate this gravity equation using recently developed foreign investment data that have been restated … to account for offshore investment and financing vehicles. We show that a parsimonious implementation of the model with …
Persistent link: https://www.econbiz.de/10013226659
The industrialization process of a country is often plagued by a failure to coordinate investment decisions. Using the …
Persistent link: https://www.econbiz.de/10010261419
sufficient investment is left after mergers to further develop firms' internal drug development capability. We evaluate the …
Persistent link: https://www.econbiz.de/10012833741
shock. Our estimated model uncovers a central role for investment in the transmission mechanism of monetary policy, as high … MPCs amplify the investment response in the data. This force also generates a procyclical response of consumption to … investment shocks, leading our model to infer a central role for these shocks as a source of business cycles …
Persistent link: https://www.econbiz.de/10012842965
We examine settings - such as litigation, labor relations, or arming and war - in which players first make non-contractible up-front investments to improve their bargaining position and gain advantage for possible future conflict. Bargaining is efficient ex post, but we show that a player may...
Persistent link: https://www.econbiz.de/10012843431
strong dampening impact on the effects of prices increases on investment. We also find strong and significant negative …
Persistent link: https://www.econbiz.de/10012892216
We propose an adaptation of Hartwick's investment rule to models with population growth and show that following … of Hartwick's investment rule where capital gains play a role if population growth is positive. Since capital gains …
Persistent link: https://www.econbiz.de/10012824585
, we show that more trust in a relationship is associated with higher idiosyncratic investment by suppliers and better part … relationships involving higher trust, buyers are able to induce higher investment and more intense competition among suppliers - but …
Persistent link: https://www.econbiz.de/10012866364
The national income and product accounts double-count investment, which enters once when it occurs and again in present … gross investment. In the steady state, revised product and income correspond to consumption. Outside of the steady state …, the measure deviates from consumption because full expensing relates to the long-run flow of gross investment, not the …
Persistent link: https://www.econbiz.de/10012866405
Aggregate business investment is a major driver of long-term economic growth. It has been weak in many advanced … policies interact with and have an effect on business investment. This paper provides a survey of the literature on the main … policy drivers of business investment such as finance (including bank and market finance, venture capital and the debt bias …
Persistent link: https://www.econbiz.de/10013223661