Showing 1 - 10 of 448
Foreign direct investment (FDI) is often seen as a means to boost domestic investment and, hence, capital accumulation …. Yet, the empirical support for such a positive investment effect of FDI is inconclusive. A possible reason is that FDI is … often directed towards the financial sector, where capital investment tends to be low. In this paper, we first explore the …
Persistent link: https://www.econbiz.de/10015358531
Using a unique dataset covering the universe of Portuguese firms and their credit situation we show that financially constrained firms are found across the entire firm size distribution, even in the top 1%. Incorporating a richer, empirically supported, productivity process into a standard...
Persistent link: https://www.econbiz.de/10014293341
In the age of globalisation, international trade and foreign direct investment (FDI) have become integral elements of …
Persistent link: https://www.econbiz.de/10012153901
International trade in capital goods has quantitatively important effects on economic development through capital formation and TFP. Capital goods trade enables poor countries to access more efficient technologies, leading to lower relative prices of capital goods and higher capital-output...
Persistent link: https://www.econbiz.de/10011690972
Most aggregate theories of financial frictions model credit available at a cost of financing equal to the savings rate but rationed. However, using a comprehensive firm-level credit registry, we document both high levels and high dispersion in ex post credit spreads to Brazilian firms. We...
Persistent link: https://www.econbiz.de/10014550802
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/10011756135
Persistent link: https://www.econbiz.de/10013169329
This paper uses a yearly dataset of plant-level investment in Colombian firms during the period 1997 to 2007 to assess … significant correlation is found between the boom observed in investment and the adoption of the tax policy. However, the … tests. Overall, it is concluded that the tax stimulus analyzed was ineffective in promoting investment in Colombia. …
Persistent link: https://www.econbiz.de/10010246557
In the literature investigating the impact of uncertainty on short-run and long-run investment, most authors have used … general ones and has the advantage of providing closed form solutions for both short-run investment rule and long-run rate of …
Persistent link: https://www.econbiz.de/10010189451
number of well-understood reasons. -- Energy Efficiency ; Energy Investment ; Energy And Development ; Industrial Development …
Persistent link: https://www.econbiz.de/10009539293