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Upstream Product Market Regulations, ICT, R&D and Productivity
Cette, Gilbert - 2015
Our study aims at assessing the actual importance of the two main channels usually contemplated in the literature through which upstream sector anticompetitive regulations may impact productivity growth: business investments in R&D and in ICT. We thus estimate what are the specific impacts of...
Persistent link: https://www.econbiz.de/10013034911
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Foreign Direct Investment and the Domestic Capital Stock
Desai, Mihir A. - 2005
This paper evaluates evidence of the impact of outbound foreign direct investment (FDI) on domestic investment rates …. OECD countries with high rates of outbound FDI in the 1980s and 1990s exhibited lower domestic investment than other … countries, which suggests that FDI and domestic investment are substitutes. U.S. time series data tell a very different story …
Persistent link: https://www.econbiz.de/10012784973
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Taxes and the Global Allocation of Capital
Backus, David K. - 2007
Despite enormous growth in international capital flows, capital-output ratios continue to exhibit substantial heterogeneity across countries. We explore the possibility that taxes, particularly corporate taxes, are a significant source of this heterogeneity. The evidence is mixed. Tax rates...
Persistent link: https://www.econbiz.de/10012775558
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Beauty Contests and Irrational Exuberance : A Neoclassical Approach
Angeletos, George-Marios - 2010
The arrival of new, unfamiliar, investment opportunities is often associated with "exuberant" movements in asset prices … signals about the profitability of the new investment opportunities, and vice versa. In this paper, we study how such …
Persistent link: https://www.econbiz.de/10013145014
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The Feldstein-Horioka Fact
Giannone, Domenico - 2010
investment rates observed in OECD countries. We find that once controlling for general equilibrium effects the saving …
Persistent link: https://www.econbiz.de/10013150253
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Financial Knowledge and 401(K) Investment Performance
Clark, Robert L. - 2014
Using a unique new dataset linking administrative data on investment performance and financial knowledge, we examine …
Persistent link: https://www.econbiz.de/10013053837
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The Geography of Crowdfunding
Agrawal, Ajay K. - 2014
Perhaps the most striking feature of "crowdfunding" is the broad geographic dispersion of investors in small, early-stage projects. This contrasts with existing theories that predict entrepreneurs and investors will be co-located due to distance-sensitive costs. We examine a crowdfunding setting...
Persistent link: https://www.econbiz.de/10013068501
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Index Investment and Financialization of Commodities
Tang, Ke - 2010
This paper finds that, concurrent with the rapid growing index investment in commodities markets since early 2000s …
Persistent link: https://www.econbiz.de/10013137731
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Annuity Markets, Savings, and the Capital Stock
Kotlikoff, Laurence J.; Shoven, John B.; Spivak, Avia - 2021
This article examines how the availability of annuities affects savings and inequality in economies in which neither private nor public pensions initially exist. The absence of widespread market or government annuity insurance is clearly descriptive of many less developed countries in the world...
Persistent link: https://www.econbiz.de/10013225429
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Capital Goods Prices, Global Capital Markets and Accumulation, 1870-1950
Collins, William J.; Williamson, Jeffrey G. - 2021
variety of tests for world financial capital market integration ranging from the correlation of saving and investment …
Persistent link: https://www.econbiz.de/10013231239