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This paper presents a detailed analysis of the output decline in Kazakhstan in the early years of the transition. The … accounting framework quantifies the productivity slowdown in Kazakhstan and illustrates how excessive capital accumulation under …
Persistent link: https://www.econbiz.de/10014400556
Greece's investment rate plunged following the Sovereign Debt Crisis (SDC) and remained one of the lowest in the world … in 2019. This paper explores recent investment dynamics and compares them against estimated benchmarks. Our results … suggest that Greece has been under-investing since the SDC, with private investment notably lagging behind. The estimated …
Persistent link: https://www.econbiz.de/10013170315
This paper develops a model of an open economy which employs distortionary taxes to finance public consumption, and with an access to the world capital market. The paper examines the efficiency of quantity restrictions on capital exports and the accompanying set of taxes. A distinction is made...
Persistent link: https://www.econbiz.de/10014395795
The apparent slowdown in U.S. investment and productivity growth in recent years has led to a number of proposals to … stimulate investment through the adoption of tax incentives. This paper describes the incentives that were contained in the … changes on investment in the United States is reviewed, and the likely effect of the Budget’s proposals on investment and …
Persistent link: https://www.econbiz.de/10014395892
This paper assesses empirically the role of public policies in stimulating private savings and investment in sub … effective in stimulating private savings and investment include those that keep the rate of inflation low, reduce macroeconomic … reduce the budget deficit (without lowering government investment) help to raise private investment; and (iii) declines in …
Persistent link: https://www.econbiz.de/10014396277
macroeconomic stability, political support, and adequate private investment. Macroeconomic stability is defined as fiscal balance …; political feasibility is related to the income gains and losses of different population groups; and private investment is linked … to public “infrastructure” investment. The analysis illustrates that attainment of the multiple requirements for …
Persistent link: https://www.econbiz.de/10014396491
Even modest investment rates may achieve satisfactory rates of growth in the reforming economies of Eastern Europe … investment is uncertainty about the reform process, which can potentially rule out all but the most profitable projects. This … form of loans and foreign direct investment …
Persistent link: https://www.econbiz.de/10014396376
the impact of state-owned enterprises (SOEs) on private firm investment in Ukraine-a large transition economy. Controlling …
Persistent link: https://www.econbiz.de/10012019825
The recovery of private investment in Italy has lagged its euro area peers over the past decade. This paper examines … capacity to invest. Empirical analysis provides evidence for the impact of wages on investment at the sectoral and firm levels …. Sectoral wage growth seems unrelated to sectoral productivity growth, but is negatively associated with investment. Firm …
Persistent link: https://www.econbiz.de/10012177626
We combine a structural model with cross-sectional micro data to identify the causes and consequences of rising concentration in the US economy. Using asset prices and industry data, we estimate realized and anticipated shocks that drive entry and concentration. We validate our approach by...
Persistent link: https://www.econbiz.de/10012154591