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. The reason is different effects on saving and investment from cohort-size variation. In a panel of annual OECD data 1960 …-1995, we find that the age effects on saving are similar to results on world samples but the effects on investment are very … different. The respective age profiles of saving and investment are much more similar in the OECD sample. This may be one factor …
Persistent link: https://www.econbiz.de/10010321710
implications for the analysis of investment demand and its responsiveness to tax policy. We estimate the structural parameters of a … model in which domestic and foreign investment interact in two important ways. First, the MNC's production technology allows … investment in one locaton may be affected by investment in other locations. We estimate the model using firm-level panel data …
Persistent link: https://www.econbiz.de/10010334279
-2015 phase as the investment-driven economy, and the new normal economy since 2016. All three economies have been shaped by the …
Persistent link: https://www.econbiz.de/10012030278
) stock market valuation ratios have increased only moderately; (3) investment has been lackluster. We use a simple extension …
Persistent link: https://www.econbiz.de/10012030362
This paper looks at the effect of demand shocks on the investment share of the economy. Using panel data on 20 OECD … countries, we show that the rate of growth of autonomous demand (exports, public spending and housing investment) is positively … correlated with subsequent values of the share of business investment in GDP. By means of an instrumental-variables strategy, we …
Persistent link: https://www.econbiz.de/10012059905
This paper surveys the literature on the linkages between asset prices and macroeconomic outcomes. It focuses on three major questions. First, what are the basic theoretical linkages between asset prices and macroeconomic outcomes? Second, what is the empirical evidence supporting these...
Persistent link: https://www.econbiz.de/10012060200
persistent decline in investment. Moreover, the territorial dispute has led to persistent pessimism in these firms' expectations … about future sales, which can explain 60% of the overall decline in investment. …
Persistent link: https://www.econbiz.de/10011928005
precautionary demands and producers’ supply. However, studies analysing the effect of oil price uncertainty on investment, do not … relationship between investment and uncertainty for a panel of U.S. firms operating in oil and gas industry with a new approach. We … other determinants, to study whether investment uncertainty relationship depends on the drivers of uncertainty. Our findings …
Persistent link: https://www.econbiz.de/10011957005
immigration laws. Third, we estimate the impact of immigration flows on employment, investment and productivity in the receiving … find that immigration increases employment, with no evidence of crowding-out of natives, and that investment responds …
Persistent link: https://www.econbiz.de/10010266400
Across the world, a structural growth slowdown is underway: at current trends, the global potential growth rate - the maximum rate at which an economy can grow without igniting inflation - is expected to fall to a three-decade low over the remainder of the 2020s. The slowdown could be even more...
Persistent link: https://www.econbiz.de/10014540975