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Access to finance and the financing terms are important for firms' in-vestments and thus the business cycle … developments. Danish non-financial corporations to a large extent finance their non-financial investments internally e.g. via … retained earnings. During a business cycle expansion the analysis indicates, that corporations firstly finance themselves …
Persistent link: https://www.econbiz.de/10003860066
Danish business cycles from 1974 to 2000 are studied. The HP-filter and the Baxter-king filter are applied and several empirical regularities are identified: Consumption tends to lead the business cycle while investment, especially construction, follows with a lag. Export does not covariate...
Persistent link: https://www.econbiz.de/10002773560
Several countries at the core of the Euro area have experienced coincident business cycles during the most recent decades, while the Danish economy seemed detached from these cycles during the 1980's and part of the 1990's. To a large degree, the decoupling of the Danish economy reflects...
Persistent link: https://www.econbiz.de/10003751769