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We investigate the interdependence of debt financing and R&D activities of young firms. Using micro-level data of the KfW/ZEW Start-up Panel, our estimation results show that firm characteristics are more important than personal characteristics of the founders for explaining young firms'...
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highly asymmetric. Tax decreases are more likely to benefit workers and stimulate investment, whereas tax increases tend to …
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There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...
Persistent link: https://www.econbiz.de/10003900319
arise once specialized investment is made. Therefore, this paper investigates whether such agreements affect firm …-level investment. Based on the IAB Establishment Panel Survey 2001-2010 our estimates reveal that the adoption of a company-level pact … leads to a higher investment rate than in other firms driven by re-investment. However, the Great Recession has damped this …
Persistent link: https://www.econbiz.de/10009700205
Competitiveness differentials are blamed for the instability of the Eurozone. Most of the analyses focus on labour costs or labour-market institutions. This paper explores an additional source of differentials in competitiveness: land and building prices. European countries, especially France,...
Persistent link: https://www.econbiz.de/10009715724
Heterogeneity in time discounting may reinforce the existing barriers to save and invest faced by rural populations in developing countries. We elicit a subjective discount rate for a varied sample of Ugandan villagers. In accordance with other studies, we have found the discount rate to...
Persistent link: https://www.econbiz.de/10003824853
growth. Investment growth has dominated GDP growth in China during this decade but is also important in the cases of India … and Vietnam. To examine the global implications of domestic growth patterns in Asia, I analyze saving-investment balances … region. In terms of sheer magnitudes, China's national savings and current account surpluses dominate the region's saving-investment …
Persistent link: https://www.econbiz.de/10003879333