Showing 1 - 10 of 19
The downturn in fixed investment among advanced economies from the onset of the global crisis was unusually severe …, widespread and long-lasting relative to comparable episodes in the past. As a result, investment gaps are large in many countries … points of GDP or more in several countries. A significant proportion of this investment shortfall is attributable to soft …
Persistent link: https://www.econbiz.de/10011276786
Uncertainty faced by households and firms affects economic activity. The rise in uncertainty since the beginning of the sovereign debt crisis in Greece could be one factor that has contributed to the steep and long-lasting recession. This paper presents a brief empirical analysis quantifying...
Persistent link: https://www.econbiz.de/10011276951
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
This paper investigates the role played by deregulation on firms’ investment decisions in infrastructure sectors. The … entry, public ownership, vertical unbundling and the existence of an independent regulator with firm level investment … behaviour. We find that the impact of regulation on investment is both sector and firm specific. A reduction in the degree of …
Persistent link: https://www.econbiz.de/10009322440
Low investment rates are limiting Brazil’s future potential growth rate. This paper analyses a number of potential … reasons for these low investment rates and discusses policy options to achieve faster capital accumulation. A shortage of … domestic saving appears to be a major constraint to higher investment rates in Brazil. Due to high levels of current …
Persistent link: https://www.econbiz.de/10009350673
Investment in network infrastructure – the energy, water, transport and telecommunication networks – which performs a … better. While the paper shows that investment in the network industries has had a positive effect over and above the addition … to the capital stock, there is evidence that investment in the past has sometimes been misallocated. This paper …
Persistent link: https://www.econbiz.de/10005045612
This paper investigates the design of tax structures to promote economic growth. It suggests a “tax and growth” ranking of taxes, confirming results from earlier literature but providing a more detailed disaggregation of taxes. Corporate taxes are found to be most harmful for growth,...
Persistent link: https://www.econbiz.de/10005045631
In this paper we present an international comparison of growth trends in the OECD countries, with a special attention to developments in labour productivity - allowing for human capital accumulation – and multifactor productivity (MFP) - allowing for changes in the composition of fixed...
Persistent link: https://www.econbiz.de/10005045776
This paper finds that coherent regulatory policies can boost investment in network industries of OECD economies. Rate … changed investment in network industries. According to the theoretical literature, regulatory uncertainty exposes both types …-of-return regulation because investment decisions (what can be included in the rate base) are usually evaluated in a discretionary manner …
Persistent link: https://www.econbiz.de/10005045832
This paper analyses how different tax policies can affect investment and productivity. To address this question the … differently by taxation. Investment is shown to respond negatively to an increase in the corporate tax rate and a decrease in …
Persistent link: https://www.econbiz.de/10005046040