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Non-Financial Corporate Debt in Advanced Economies, 2010-17
Antoun de Almeida, Luiza - 2020
with an increase in short-term debt financing. Quantile regressions suggest that there is substantial heterogeneity among … firms on how they react to macro-financial conditions: large increases in long-term debt financing and large declines in … short-term debt financing tend to be driven more by better macroeconomic performance, while large increases in short …
Persistent link: https://www.econbiz.de/10012827582
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Firm Investment, Corporate Finance, and Taxation
Palomba, Geremia - 2021
financing policy to the new tax rate …
Persistent link: https://www.econbiz.de/10013212313
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Financial Liberalization, Credit Constraints, and Collateral : Investment in the Mexican Manufacturing Sector
Gelos, Gaston; Werner, Alejandro M. - 2021
This paper examines the impact of financial liberalization on fixed investment in Mexico, using establishment-level data from the manufacturing sector. It analyzes changes in cash-flow sensitivities and uses an innovative approach to explore the role of real estate as collateral and deal with a...
Persistent link: https://www.econbiz.de/10013321422
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Corporate Investment in Emerging Markets : Financing vs. Real Options Channel
Li, Delong - 2016
in global interest rates and volatility. We test for the presence of (i) a financing channel originating from changes in …. Furthermore, the intensity of the financing channel diminishes for firms in countries with lower public debt, higher foreign …
Persistent link: https://www.econbiz.de/10012998802
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Financial Constraints, Productivity, and Investment : Evidence from Lithuania
Foda, Karim; Shi, Yu; Vaziri, Maryam - 2022
This paper studies the relation between firms' access to finance, labor productivity and investment using Lithuanian firm-level data from 2000–2018. To do so, we construct a measure of financial constraints. We estimate that, given firm characteristics, removing these constraints can improve...
Persistent link: https://www.econbiz.de/10014258647
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Walking Hand in Hand : Fiscal Policy and Growth in Advanced Economies
Cottarelli, Carlo - 2012
in fiscal indicators, including deficits, debt, and financing costs. Revenue and expenditure policies are also critical …
Persistent link: https://www.econbiz.de/10013102268
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Fiscal Consolidations and Growth : Does Speed Matter?
Pennings, Steven - 2013
Should fiscal consolidations be front-loaded or proceed at a more steady pace, and how does this affect growth? We make an attempt to address this question using a three-step methodology. First, we modify a standard regression of growth on consolidation size to allow speed to affect the...
Persistent link: https://www.econbiz.de/10013071926
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Job Protection Deregulation in Good and Bad Times
Duval, Romain - 2018
This paper explores the short-term employment effect of deregulating job protection forregular workers and how it varies with prevailing business cycle conditions. We apply a localprojection method to a newly constructed 'narrative' dataset of major regular job protectionreforms covering 26...
Persistent link: https://www.econbiz.de/10012929932
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Impact of Structural Reforms on Productivity Growth in Industrial Countries
Salgado, Ranil - 2021
This paper investigates the impact of structural reforms on productivity growth. A panel analysis of 20 OECD countries finds that the impact of structural reforms on productivity growth may be weak or negative in the short run, possibly due to adjustment costs and the need for firms to learn how...
Persistent link: https://www.econbiz.de/10013317962
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Fiscal Reforms, Long-Term Growth and Income Inequality
Acosta‐Ormaechea, Santiago - 2017
We estimate the effects on growth of nine fiscal reform episodes in seven high-income countries using the Synthetic Control Method. These episodes are selected using an indicator-based approach applied to the evaluation of growth-friendly fiscal reforms during 1975-2010. We find that in reform...
Persistent link: https://www.econbiz.de/10012950407