Showing 1 - 10 of 186
U.S. business investment has taken a serious toll during the global financial crisis and also in the recovery phase … investment did not pick up as expected. What is surprising is that the alleged investment slowdown happened at a time of record …, and strong labor markets-factors established in supporting business investment. Applying accelerator models and Bayesian …
Persistent link: https://www.econbiz.de/10011866492
This paper examines dynamic patterns of investment in Cameroon, Ghana, Kenya, Zambia and Zimbabwe, assessing the … importance of zero investment episodes and lumpy investment. The proportion of firms experiencing large investment spikes is … significant in explaining aggregate manufacturing investment. Taken together, evidence from descriptive statistics, average …
Persistent link: https://www.econbiz.de/10014400554
The study documents evidence of a ""quality effect"" of financial liberalization on allocative efficiency, which is measured by the dispersion in Tobin''s Q across firms. Based on a simple model, the authors predict that financial liberalization, by equalizing access to credit, reduces the...
Persistent link: https://www.econbiz.de/10014404168
determine savings, investment and growth. Investment is assumed to involve intermediation or other costs which may, in each … activities to facilitate private investment can influence saving. In particular, a sustained period of fiscal restraint can shift …
Persistent link: https://www.econbiz.de/10014397933
We estimate the elasticity of private-sector employment to non-oil GDP in the Gulf Cooperation Council (GCC) for GCC nationals and expatriates using a Seemingly Unrelated Error Correction (SUREC) model. Our results indicate that the employment response is lower for nationals, who have an...
Persistent link: https://www.econbiz.de/10011373929
This paper incorporates time-to-build into the standard investment model with convex adjustment costs. The empirical … imposed by time-to-build on the investment equation. The results indicate that these restrictions cannot be rejected for five … variation in persistence of structure investment across four-digit industries …
Persistent link: https://www.econbiz.de/10014403599
This paper studies the effect of demographic change on national saving, global interest rates, and international capital flows, focusing on the role of the public pension system. We develop a small open economy overlapping generations model to illustrate the channels through which demographic...
Persistent link: https://www.econbiz.de/10011978553
We analyze the impact of trade policy uncertainty on investment in the euro area. Our identification strategy assumes … that countries that are relatively more dependent on global trade networks exhibit a higher sensitivity of investment with … respect to trade uncertainty. We find that the investment-to-GDP ratio is on average 0.8 percentage points lower for five …
Persistent link: https://www.econbiz.de/10011978678
Persistent link: https://www.econbiz.de/10009572356
Persistent link: https://www.econbiz.de/10009572374