Showing 1 - 10 of 703
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
The paper provides estimates of the long-run, tax-adjusted, user cost elasticity of capital (UCE) in a small open economy, exploiting three sources of variation in Canadian tax policy: across provinces, industries, and years. Estimates of the UCE with Canadian data are less prone to the...
Persistent link: https://www.econbiz.de/10012251411
endogenous growth-type model. The impact of private investment—and thus private capital accumulation—on output is large and … significant. Furthermore, increases in public investment boost output substantially. Finally, the effects associated with human …
Persistent link: https://www.econbiz.de/10014400640
of investment, civil conflict, economic inefficiencies, state intervention in the economy, and regulatory restrictions …
Persistent link: https://www.econbiz.de/10014404284
While production of ICT equipment plays a subordinate role for economic growth in most of these countries, they do benefit from capital deepening arising from falling prices of ICT equipment. Adapting established growth accounting approaches to the data environment of low-income countries, we...
Persistent link: https://www.econbiz.de/10014402819
Persistent link: https://www.econbiz.de/10009572356
While expanding public investment can help filling infrastructure bottlenecks, scaling up too much and too fast often … public investment in a large sample of road construction projects in developing countries. Consistent with the presence of … absorptive capacity constraints, our results show a non-linear U-shaped relationship between public investment and project costs …
Persistent link: https://www.econbiz.de/10012251291
There is no consensus on how strongly the Tax Cuts and Jobs Act (TCJA) has stimulated U.S. private fixed investment …. Some argue that the business tax provisions spurred investment by cutting the cost of capital. Others see the TCJA … primarily as a windfall for shareholders. We find that U.S. business investment since 2017 has grown strongly compared to pre …
Persistent link: https://www.econbiz.de/10012022032
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
determining a multinational’s choice between exports and foreign investment. The hypotheses from the model are tested for the … multilateral investment agreement that could function as an agency of restraint …
Persistent link: https://www.econbiz.de/10014400938