Showing 1 - 10 of 1,000
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
1978-89. These datasets are used to estimate a range of empirical investment equations, and to investigate the role played … the suggestion that financial constraints on investment may be relatively severe in the more market-oriented UK financial …
Persistent link: https://www.econbiz.de/10012472928
This paper presents five theoretical openness-and-growth links that can account for trade-induced investment-led growth …, cross-country data suggests that openness influences growth only via its effect on investment, and suggests that openness … promotes investment in all countries whatever the capital-intensive of their exports (contrary to predictions of the old …
Persistent link: https://www.econbiz.de/10012473266
novel theoretical model that establishes a link between trade liberalization and investment-led growth. Estimating equations … domestic protection depresses investment and thereby slows growth. Foreign trade barriers also lower domestic investment, but … the anti-investment effect is weaker and is less robust to sample and specification changes …
Persistent link: https://www.econbiz.de/10012473448
examine the implications of exchange rates for time series of sectoral investment. Both theoretically and empirically we show … that investment responsiveness to exchange rates varies over time, positively in relation to sectoral reliance on export … differences in investment endogeneity across high and low markup sectors, with investment in low markup sectors significantly more …
Persistent link: https://www.econbiz.de/10012473743
Over the past century the long-run growth of six economies shows a strong association between investment in machinery …, and that a high rate of machinery investment is a necessary prerequisite for rapid long-run productivity growth - a …
Persistent link: https://www.econbiz.de/10012475084
measures of liquidity on the investment decisions of U. K. firms. These variables are introduced via an extension of the Q … model of investment which explicitly includes agency/financial distress costs. We discuss if the significance of cash flow …
Persistent link: https://www.econbiz.de/10012475929
positive program treatment effect on employment, investment and net entry but not on TFP. OLS underestimates program effects …,300 suggesting that in some respects investment subsidies can be cost effective …
Persistent link: https://www.econbiz.de/10012460816
With fixed costs of participating in the stock market, consumers with high income will participate in the stock market, but consumers with lower income will not participate. If a fully-funded defined-contribution social security system tries to exploit the equity premium by selling a dollar of...
Persistent link: https://www.econbiz.de/10012471011
In the presence of asymmetric information, the stage at which financing decisions are made about investment projects in … channeling savings into investment. This paper compares the implications of two extreme cases regarding the information possessed …
Persistent link: https://www.econbiz.de/10012471014