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Investment in relationship-specific assets : does finance matter?
Strieborny, Martin; Kukenova, Madina - 2011
-enhancing investment in relationship-specific assets by signalling creditworthiness and long-term planning horizon of their borrowers. We … empirically confirm this hypothesis by showing that industries dependent on relationship-specific investment from their suppliers …-specific investment ; growth …
Persistent link: https://www.econbiz.de/10009010059
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Financial development and sectoral output growth in 19th century Germany
Diekmann, Katharina; Westermann, Frank - 2010
In this paper we re-evaluate the hypothesis that the development of the financial sector was an essential factor behind economic growth in 19th century Germany. We apply a structural VAR framework to a new annual data set from 1870 to 1912 that was initially recorded by Walther Hoffmann (1965)....
Persistent link: https://www.econbiz.de/10008798813
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Real wage chronologies
Christofidēs, Loizos N. (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003599281
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Heckscher-Ohlin theory when countries have different technologies
Fisher, Eric O'Neill - 2010
Rethinking the foundations of Heckscher-Ohlin theory when countries have different technologies, this paper shows how to make the proper adjustments for international productivity differences. The central tool is a factor conversion matrix that computes the local factor content of foreign...
Persistent link: https://www.econbiz.de/10003983245
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EU enlargement: economic implications for countries and industries
Lejour, Arjan - 2001
This paper explores the economic consequences of the enlargement of the European Union with countries from Central and Eastern Europe. We focus on integration aspects that go beyond the reduction of formal trade barriers, namely accession to the internal market and free movement of labour. The...
Persistent link: https://www.econbiz.de/10011400805
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Mining matters : natural resource extraction and local business constraints
Haas, Ralph de; Poelhekke, Steven - 2016
We estimate the impact of local mining activity on the business constraints experienced by 22,150 firms across eight resource-rich countries. We find that with the presence of active mines, the business environment in the immediate vicinity (20 km) of a firm deteriorates but business constraints...
Persistent link: https://www.econbiz.de/10011565667
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Tacit collusion under imperfect monitoring in the Canadian manufacturing industry : an empirical study
Resende, Marcelo; Zeidan, Rodrigo M. - 2011
The paper undertakes a cross-sectoral analysis of a salient empirical implication of the model of tacit collusion advanced by Abreu et al (1986). Specifically, the prevalence of a first order Markovian process for alternating between price wars and collusive periods is assessed by means of...
Persistent link: https://www.econbiz.de/10009355122
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Does the nominal exchange rate regime matter for investment?
Böhm, Hjalmar; Funke, Michael - 2001
This paper analyses the impact of exchange rate uncertainty upon the pattern of investment in different exchange rate … exchange rate regimes indicates that currency volatility exerts only a small influence upon the level of investment spending …
Persistent link: https://www.econbiz.de/10011400788
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Investment uncertainty, and production games
Flåm, Sjur D.; Ermolʹev, Jurij M. - 2004
This paper explores some cooperative aspects of investments in uncertain, real options. Key production factors are assumed transferable. They may reflect property or user rights. Emission of pollutants and harvest of renewable resources are cases in point. Of particular interest are alternative...
Persistent link: https://www.econbiz.de/10011401340
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Tax incentives and business investment : evidence from German bonus depreciation
Eichfelder, Sebastian; Schneider, Kerstin - 2014
business investment. To promote economic convergence of Eastern and Western Germany after reunification, bonus depreciation tax … control group, we address the question if and to what extent these investment tax incentives boosted investment. In line with … were cut back in 1997. Moreover, there was a significant reduction in building investment in the year after the expiration …
Persistent link: https://www.econbiz.de/10010354738