Showing 1 - 10 of 35
The finding of Feldstein and Horioka (1980) that countriesf investment rates are highly correlated with their national … and investment in a sample that includes not only 14 industrialized countries, but also 50 developing countries. The paper … developing countries, and higher after 1973 than before. Our interpretation of the saving-investment evidence is that the …
Persistent link: https://www.econbiz.de/10012477026
The motives of a small country for borrowing to purchase capital equipment on international markets are studied. The country produces tradable capital and a nontradable consumption good and borrows or lends capital to achieve higher levels of welfare. A shift in time-preference favoring future...
Persistent link: https://www.econbiz.de/10012477211
We provide new evidence on how monetary policy affects investment and firm finance in the United States and the United … conditioning on size, asset growth, Tobin's Q, leverage or liquidity - and drive the response of aggregate investment. Older … and financial frictions in amplifying the effects of monetary policy on investment …
Persistent link: https://www.econbiz.de/10012481014
environmental returns. Examination of every equity investment made by the International Finance Corporation, one of the largest and … markets, and a core thesis of impact investing that some eligible markets do not receive sufficient investment capital …
Persistent link: https://www.econbiz.de/10012481174
This paper finds that, concurrent with the rapid growing index investment in commodities markets since early 2000s …
Persistent link: https://www.econbiz.de/10012462271
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/10012462767
To study the long-run effect of dividend taxation on aggregate capital accumulation, we build a dynamic general equilibrium model in which there is a continuum of firms subject to idiosyncratic productivity shocks. We find that a dividend tax cut raises aggregate productivity by reducing the...
Persistent link: https://www.econbiz.de/10012463605
consumption, portfolio allocation, financing, investment, and business exit decisions. The optimal capital structure is determined …
Persistent link: https://www.econbiz.de/10012463800
According to the consensus view in growth and development economics, cross country differences in per-capita income largely reflect differences in countries' total factor productivity. We argue that this view has powerful implications for patterns of capital flows: everything else equal,...
Persistent link: https://www.econbiz.de/10012465044
We develop a model of investment with financial constraints and use it to investigate the relation between investment … between q and investment, relative to the frictionless benchmark. We present a calibrated version of the model, which, due to … this effect, generates realistic correlations between investment, q, and cash flow …
Persistent link: https://www.econbiz.de/10012465562