Showing 1 - 10 of 262
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
stock in this country after years of very low savings and investment. Policies to address this capital shortage are …
Persistent link: https://www.econbiz.de/10014400752
This paper examines the effects of taxation of human capital, physical capital and foreign assets in a multi-sector model of endogenous growth. It is shown that in general the growth rate is reduced by taxes on capital and labor (human capital) income. When the government faces no borrowing...
Persistent link: https://www.econbiz.de/10014398097
the growth rata of the capital stock leads to at 0.8 percent change in output growth, and hence the fall in investment …
Persistent link: https://www.econbiz.de/10014395853
small sample of countries. Alternatively, many researchers have investigated the output effects of public investment …-recognizing that investment may be a poor proxy for the corresponding capital stock. This paper attempts to overcome the data shortage …
Persistent link: https://www.econbiz.de/10014404065
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