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We argue that positive comovements between land prices and business investment are a driving force behind the broad … joint dynamics of land prices and business investment. …
Persistent link: https://www.econbiz.de/10010292308
guarantee existence. When investment adjustment costs are introduced, the monetary and fiscal policy dichotomy is in principle …
Persistent link: https://www.econbiz.de/10010293451
adjustment function implies that aggregate investment is relatively unresponsive to aggregate shocks in deep recessions as …
Persistent link: https://www.econbiz.de/10010321704
emerging markets. The paper measures the risk of short-term exposure by estimating, at the firm level, the effect on investment … not find that this reduction in net worth translates into a drop in investment. …
Persistent link: https://www.econbiz.de/10010327059
more favourable loan package; that it is associated with over-investment even when investment does not create collateral …
Persistent link: https://www.econbiz.de/10011430112
We argue that, in a simple setting, the relation between the intensity of competition and cost-reducing investment is U … show that, except for firms that are much less efficient than the competitor, investment in the subgame-perfect equilibrium …
Persistent link: https://www.econbiz.de/10010315491
or positive effects on R&D-investment, respectively. Both possibilities arise in plausible situations, even if one uses … on investment more likely. Extending the basic framework, the paper shows that separation of ownership and control …, endogenous entry and cumulative investments make positive effects of competition on investment more likely. Imperfect upstream …
Persistent link: https://www.econbiz.de/10010315513
on own effort and negatively on the effort of competitors. Such auctions arise naturally in the context of investment … the strategic situation of a two-stage game with investment preceding homogenous Bertrand competition. We obtain …
Persistent link: https://www.econbiz.de/10010315592
appears unaffected: investment rates are flat, and productivity has slowed down. We investigate whether measurement issues … as intermediate consumption. Thus they do not count as either GDP or investment. We ask how treating such spending as … investment affects some key macro variables, namely, market sector gross value added (MGVA), business investment, capital and …
Persistent link: https://www.econbiz.de/10010284188
Despite the recent increase in foreign direct investment (FDI) to African countries, these resources have not had a … meaningful impact on economic development because of limited effects on domestic factor markets, especially domestic investment … and employment. In this context, this study analyses the two-way linkages between FDI and domestic investment in Sub …
Persistent link: https://www.econbiz.de/10010287877