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This Working Paper assesses the impact on investment of a reduction in corporate taxes and the impact on employment … (1967), we estimate an investment function, which depends on the user cost of capital, one of whose determinants is the … short and long-term effects on investment in machinery and equipment. While the user cost of capital declines 0.9 percent …
Persistent link: https://www.econbiz.de/10011285598
This paper analyzes the effects of a land rent tax on capital formation and foreign investment in a life-cycle small … out foreign investment and pulls up national wealth and consumption when consumers are lump-sum compensated for the tax …
Persistent link: https://www.econbiz.de/10011591783
This paper shows that the assumption of elastic fertility choices represents an unconsidered way of introducing nondegenerate dynamics within an immortal small open economy, facing perfect capital mobility and no adjustment costs associated with capital accumulation, and having a fixed discount...
Persistent link: https://www.econbiz.de/10011606918
and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts … rebalance growth towards relying more on consumption and less on exports and investment, banking sector reforms and financial …
Persistent link: https://www.econbiz.de/10003758478
This paper describes the share of investment in fixed capital and working capital financed by retained earnings using a …, particularly by smaller firms located in countries with less developed financial markets. Investment in fixed assets represents …
Persistent link: https://www.econbiz.de/10011473027
asset prices, GDP, consumption, investment and employment). When firms around the world benefit from unexpectedly low debt …
Persistent link: https://www.econbiz.de/10011911509
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/10013347897
Persistent link: https://www.econbiz.de/10013348006
This paper looks at economic growth and its fundamental determinants in Russia over the last decades. It starts by showing that, contrary to the views of some political commentators, growth is highly important for the popularity of president Putin. Furthermore, regular models of growth are...
Persistent link: https://www.econbiz.de/10012132420