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This paper extends the q-theory of investment to model explicitly the decision of firms to invest in intangibles and … investment to the overall capital stock. The downward trend in the aggregate investment deflator series reported by national … in the price of intangibles rather than focusing only on their rising share in overall investment …
Persistent link: https://www.econbiz.de/10014402812
The empirical analysis in ""International R&D Spillovers"" (Coe and Helpman, 1995) is first revisited by applying modern panel cointegration estimation techniques to an expanded data set that we have constructed for the purpose of this study. The new estimates confirm the key results reported in...
Persistent link: https://www.econbiz.de/10014400689
enterprises, on the allocation of talent, and on investment. It also discusses the impact of corruption on some aspects of public …
Persistent link: https://www.econbiz.de/10014403515
Feldstein and Horioka (1980) argued that the correlation of saving and investment in a cross-section of countries may … investment should be cointegrated over time. Simulations show that the cross-section regressions used in the literature will …
Persistent link: https://www.econbiz.de/10014398034
constraints and providing a key financing source for public investment in RRDCs, temporary resource revenues might then be … public investment and several frictions that capture pervasive features in RRDCs, including absorptive capacity constraints …, inefficiencies in investment, and borrowing constraints that can be relaxed when natural resources lower the country risk premium …
Persistent link: https://www.econbiz.de/10014395297
This paper investigates the relationship between the nominal exchange rate regime and the volatility of relative commodity prices. The analysis shows that the relationship depends upon both the market structure and the economic agent’s perception about future exchange rate movements. When the...
Persistent link: https://www.econbiz.de/10014401290
determines the relative price of investment, can affect the investment rate and the permanent growth rate of the economy. The … relative prices as a key factor affecting investment and growth …
Persistent link: https://www.econbiz.de/10014398005
Persistent link: https://www.econbiz.de/10009424700
Persistent link: https://www.econbiz.de/10010479415
world. Discouragingly, our analysis uncovers at best a weak relationship: firms with better ESG scores do display somewhat …
Persistent link: https://www.econbiz.de/10012605057