This paper evaluates the effects of fiscal policy on investment using a panel of OECD countries. In particular, we … investigate how different types of fiscal policy affect profits and , as a result, investment. We find a sizable negative effect … of public spending -- and in particular of its public wage component -- on business investment. This result is consistent …

-run criteria for capital mobility using time-series and cross-section analysis of saving-investment correlation for twelve …

investment at the firm-level. A large body of recent empirical work attributes these findings to capital market imperfections … variables may appear as an explanatory variable for investment if they contain information about the expected marginal value of … capital. In this paper, we show how structural models of investment with costly external finance can be used to identify and …

-account credits, and nonmonetary gold exports, which are current-account credits. The paper also adjusts historical investment data to … account for changes in inventories. The revised data are used to construct estimates of saving and investment over the period … Eichengreen, who found a significantly positive cross-sectional correlation between saving and investment even during some periods …

fluctuations in savings on domestic investment and the current account? In the long run, we find that countries invest the marginal … to smooth consumption, but also domestic investment. To achieve this, they use foreign assets as a buffer stock …

decision on a company's investment and financial policy. We compare both the ex ante and the ex post characteristics of IPOs … finance subsequent investment and growth, but to reduce leverage, (iv) going public reduces the cost of bank credit; (v) it is …

This paper studies the investment creation and diversion effects of the EU's Single Market programme (EU92). We first … present empirical evidence which suggests that EU92 caused investment diversion in the European Free Trade Association (EFTA …) nations and investment creation in the EU. The economic logic behind this is simple. Discriminatory liberalization shifts …

incomes in the east have now reached the western level, and investment per capita has been much higher than in the west …. However, every third deutschmark spent in the east has been coming from the west, investment in equipment has fallen below the … west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high …