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start-up enterprises if future losses of the start-up investment are partly covered by the government. …
Persistent link: https://www.econbiz.de/10010260453
This paper investigates the effects of uncertainty on the investment behaviour using firm-level data for a sample of … invested. Furthermore, the difference between reversible and irreversible investment is crucial. The impact of volatility on … irreversible investment is far more larger than on reversible investment. In some cases, the amount of reversible investment will …
Persistent link: https://www.econbiz.de/10011506545
We investigate the cost of capital in a model with an agency conflict between inside managers and outside shareholders. Inside ownership reflects the classic tradeoff between incentives and risk diversification, and the severity of agency costs depends on a parameter representing investor...
Persistent link: https://www.econbiz.de/10011506547
Policymakers in developing countries have increasingly pinned their hopes on bilateral investment treaties (BITs) in … order to improve their chances in the worldwide competition for foreign direct investment (FDI). However, the effectiveness …
Persistent link: https://www.econbiz.de/10010273152
several kinds. This paper analyzes the structural effects of investment subsidization as one of the core policy instruments by … means of an error-correction model of factor demand and output. It intends to find out whether investment subsidization …
Persistent link: https://www.econbiz.de/10010260436
the rate of investment in physical capital increases the growth rate by about 0.1 percentage points. The results do not …
Persistent link: https://www.econbiz.de/10010265293
This paper evaluates the evolution of European venture capital investments since 1990, using the distribution dynamics methodology. It tests and rejects the hypothesis that the international allocation of venture capital investments is driven by a pathdependent process of agglomeration, in which...
Persistent link: https://www.econbiz.de/10010265425
For analyzing the impact of climate change and of international climate policies on the international division of labor and on regional welfare the use of a disaggregated multi–sectoral, multi–regional dynamic computable general equilibrium model is appropriate. This paper discusses the...
Persistent link: https://www.econbiz.de/10010265456
Countries with the highest labor productivity overwhelmingly lie in the world's temperate climatic zones far away from the equator. The question we address is whether climatic conditions as measured by distance from the equator remain correlated with labor productivity after other variables are...
Persistent link: https://www.econbiz.de/10010265461
The claim of globalization critics that the income gap to industrial countries is bound to widen for essentially all developing countries as a consequence of economic globalization is in conflict with empirical evidence. Economic performance differs tremendously across developing countries. We...
Persistent link: https://www.econbiz.de/10010265520