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We investigate the potential for statistical forecasting of aggregate oil and gas investment on the Norwegian … random walk benchmark in an out-of-sample environment. Second, lags of investment growth, crude oil price growth and realized … volatility is found to be adequate predictors for the investment growth. Finally, there is a clear benefit from re-estimating the …
Persistent link: https://www.econbiz.de/10011544319
We document the empirical fact that asset prices in the consumption-goods and investment-goods sector behave almost …
Persistent link: https://www.econbiz.de/10009786095
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
Does increased policy uncertainty dampen investment plans of firms? We provide direct evidence on this question by … induced policy uncertainty have revised their investment plans differently from those that did not perceive an increase in … uncertainty. We find strong evidence that an increase in policy uncertainty does lead firms to reduce their investment plans. As …
Persistent link: https://www.econbiz.de/10011472000
investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a … total investment. We also evaluate the reduction in the firm s value due to profit sharing, linking this reduction to the …
Persistent link: https://www.econbiz.de/10011509471
frameworks to study investment pathways consistent with a net zero industry transformation. We find that a mix of measures … investment efforts needed for a green transition of the analyzed sectors1 amount to EUR2.7trn until 2050 of which 8% or EUR210bn … reduction for the European industrial sector is estimated at 265 MtCO2 (-92%), which yields an average abatement investment of …
Persistent link: https://www.econbiz.de/10014295121
This paper examines the spillover effects of sovereign rating news on European financial markets during the period 2007-2010. Our main finding is that sovereign rating downgrades have statistically and economically significant spillover effects both across countries and financial markets. The...
Persistent link: https://www.econbiz.de/10009011838
-up investment decisions. We find that, although tax rates are usually higher than the developed countries’ ones, taxation has an …
Persistent link: https://www.econbiz.de/10014502465
between countries generates positive investment spillover, intra-firm production linkages predict negative spillover. Using … subsidiary-level data and exogenous corporate tax hikes, we find that local business units cut investment by 0.4% for a 1 …
Persistent link: https://www.econbiz.de/10013540885
Productivity. We endogenize the accrual of the R&D stocks by estimating an R&D investment function. We find that the marginal …
Persistent link: https://www.econbiz.de/10011573960