Showing 1 - 10 of 17
To analyze business fixed investment in Japan, which has been unusually volatile in recent years, we develop and apply … a loglinear flexible accelerator model. We find that movements in business fixed investment are consistent with …
Persistent link: https://www.econbiz.de/10013137602
We show that supply-side financial shocks have a large impact on firms' investment. We develop a new methodology to … of aggregate loan and investment fluctuations …
Persistent link: https://www.econbiz.de/10013085124
We use firm-level panel data to explore the extent to which fixed investment responds to tax reforms in 14 OECD … countries. Previous studies have often found that investment does not respond to changes in the marginal cost of investment. We … of them. In so doing, we find evidence of statistically and economically significant investment responses to tax changes …
Persistent link: https://www.econbiz.de/10012774996
decrease their Ramp;D spending (our main proxy for long-term investment) more than Japanese firms. We find no evidence that …
Persistent link: https://www.econbiz.de/10012783974
with the cost of capital cannot be found, investment in Japanese manufacturing shows until 1974 a strong association with … of capitalis the major determinant of investment …
Persistent link: https://www.econbiz.de/10012787995
Japan's macroeconomic performance, as reflected by impulse response functions for investment, employment and output. Our …
Persistent link: https://www.econbiz.de/10012955957
stagnation of investment, especially private fixed investment, was the primary culprit. I then investigate the causes of the …
Persistent link: https://www.econbiz.de/10012761584
Japan is in the midst of reforming its national level individual and corporation income tax systems. Last year it abandoned its large system of tax free savings accounts and lowered individual marginal tax rates. A much more radical proposal is currently being advocated by the government and is...
Persistent link: https://www.econbiz.de/10012762765
Over the past century the long-run growth of six economies shows a strong association between investment in machinery …, and that a high rate of machinery investment is a necessary prerequisite for rapid long-run productivity growth - a …
Persistent link: https://www.econbiz.de/10012763337
This paper presents a comparative analysis of productivity growth in the U.S. and Japanese electrical machinery industries in the postwar period. This industry has experienced rapid growth in output and productivity and high rates of capital formation in both countries. A substantial amount of...
Persistent link: https://www.econbiz.de/10013218546