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Political Referenda and Investment : Evidence from Scotland
Azqueta-Gavaldon, Andres - 2020
We present evidence that referenda have a significant, detrimental outcome on investment. Employing an unsupervised … policy-related uncertainty. Examining the relationship of these indices with investment on a longitudinal panel of 3 … uncertainty to investment. Our preferred specification suggests that a one standard-deviation increase in Brexit uncertainty …
Persistent link: https://www.econbiz.de/10012834665
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Credit Constraints, Firm Investment and Growth : Evidence from Survey Data
Garcia-Posada, Miguel - 2018
We assess the impact of credit constraints on investment, inventories and other working capital and firm growth with a …, as firms with poor investment and growth opportunities may have a higher probability of being credit constrained. We … implement several strategies to overcome this obstacle: proxies for investment opportunities, lagged regressors, random effects …
Persistent link: https://www.econbiz.de/10012928556
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The Effect of Financial Development on the Investment Cash Flow Relationship : Cross-Country Evidence from Europe
Becker, Bo; Sivadasan, Jagadeesh - 2021
level investment sensitivity to cash flow is used to identify financing constraints. We find that the sensitivities are … importantly, the cash flow sensitivity of investment is lower in countries with better-developed financial markets. This suggests …
Persistent link: https://www.econbiz.de/10013317411
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Corporate Debt and Investment : A Firm Level Analysis for Stressed Euro Area Countries
Gebauer, Stefan - 2017
This paper investigates the link between corporate debt and investment for a group of five peripheral euro area … countries. Using firm-level data from 2005-2014, we postulate a non-linear corporate leverage-investment relationship and derive … thresholds beyond which leverage has a negative and significant impact on investment. The investment sensitivity of debt …
Persistent link: https://www.econbiz.de/10012947848
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International trade, technological shocks and spillovers in the labour market: A GVAR analysis of the US manufacturing sector
Hiebert, Paul; Vansteenkiste, Isabel - 2007
We empirically analyse the response of US manufacturing labour market variables to various shocks, notably to trade openness and technology. The econometric approach involves an application of the recently developed global VAR (GVAR) methodology of D¶ees, DiMauro, Pesaran, and Smith (2005) to...
Persistent link: https://www.econbiz.de/10011604777
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International Trade, Technological Shocks and Spillovers in the Labour Market : A GVAR Analysis of the US Manufacturing Sector
Vansteenkiste, Isabel - 2007
We empirically analyse the response of US manufacturing labour market variables to various shocks, notably to trade openness and technology. The econometric approach involves an application of the recently developed global VAR (GVAR) methodology of Dees, DiMauro, Pesaran, and Smith (2005) to 12...
Persistent link: https://www.econbiz.de/10012777698
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How Sectoral Technical Progress and Factor Substitution Shaped Japan's Structural Transformation?
Manu, Ana-Simona - 2022
The paper quantitatively assesses the importance of supply-side drivers in the transition of the Japanese economy from low-skilled to high-skilled sectors and its implication for growth, labor demand and labor income shares. A sectoral supply-side system, estimated over the 1980-2012 period,...
Persistent link: https://www.econbiz.de/10013302731
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New Technologies and Jobs in Europe
Albanesi, Stefania; Dias da Silva, Antonio; Jimeno, Juan F. - 2023
We examine the link between labour market developments and new technologies such as artificial intelligence (AI) and software in 16 European countries over the period 2011-2019. Using data for occupations at the 3-digit level in Europe, we find that on average employment shares have increased in...
Persistent link: https://www.econbiz.de/10014346583
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Liquidity, innovation, and endogenous growth
Malamud, Semyon; Zucchi, Francesca - 2016
spur investment in innovation (R&D). We characterize which firms should substitute production for innovation in the face of …
Persistent link: https://www.econbiz.de/10011605964
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Liquidity, Innovation, and Endogenous Growth
Malamud, Semyon - 2016
spur investment in innovation (R&D). We characterize which firms should substitute production for innovation in the face of …
Persistent link: https://www.econbiz.de/10012988600