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We examine the interplay of endogenous vertical integration and costreducing downstream investment in successive …, we establish the following main results: First, vertical integration increases own investment and decreases competitor … investment (intimidation effect). Second, asymmetric equilibria typically involve integrated firms that invest more into …
Persistent link: https://www.econbiz.de/10010315531
productivity and investment, which are linked to long-run growth. East Asia's and the Pacific's cumulative gain in labor … that the effects of the contraction in public investment surpass those of the expansion, leading to a declining trend over …
Persistent link: https://www.econbiz.de/10010318643
, regardless of his preferences, initial wealth or investment problem. It is also shown that no prior-independent informativeness …
Persistent link: https://www.econbiz.de/10010284049
explicitly considers the dynamics of demand, prices, profits, and investment. The outcomes of the initial wage rise are found to …
Persistent link: https://www.econbiz.de/10010286516
attempt at modeling investment. We identify their shortcomings and the problems with the alleged policy implications derived …
Persistent link: https://www.econbiz.de/10010286527
that need attention: (i) investment functions (where popular specifications lack behavioral and empirical support), (ii …
Persistent link: https://www.econbiz.de/10010287823
Growth is endogenous in small open economies with substantial hidden or open unemployment, even under constant returns to scale. Growth promoting policies, however, have implications for the balance of trade, and two instruments are needed in order to achieve targets for both the growth rate and...
Persistent link: https://www.econbiz.de/10010287824
for further research, especially on the motivations behind investment decisions. Investments in market economies are … society. By shaping business concerns and strategies, social institutions have a major impact on investment decisions in a … capitalist system. The role of such institutions in investment decisions via policy making is generally neglected in strategies …
Persistent link: https://www.econbiz.de/10012142965
According to the Taylor principle a central bank should adjust the nominal interest rate by more than one for one in response to changes in current inflation. Most of the existing literature supports the view that by following this simple recommendation a central bank can avoid being a source of...
Persistent link: https://www.econbiz.de/10012143626
towards banks contracts the amount and maturity of corporate debt and leads firms to slow investment and forego growth …
Persistent link: https://www.econbiz.de/10012143946