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understand new knowledge has decreased since the crisis. We argue that this is related to the drop in R&D investment in the CEE …
Persistent link: https://www.econbiz.de/10011816163
We assess the impact of credit constraints on investment, inventories and other working capital and firm growth with a …, as firms with poor investment and growth opportunities may have a higher probability of being credit constrained. We … implement several strategies to overcome this obstacle: proxies for investment opportunities, lagged regressors, random effects …
Persistent link: https://www.econbiz.de/10011792068
Persistent link: https://www.econbiz.de/10011618768
This paper introduces a novel approach for dealing with the "curse of dimensionality" in the case of large linear dynamic systems. Restrictions on the coefficients of an unrestricted VAR are proposed that are binding only in a limit as the number of endogenous variables tends to infinity. It is...
Persistent link: https://www.econbiz.de/10003831142
Persistent link: https://www.econbiz.de/10001599423