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Firm-level investment spikes and aggregate investment over the Great Recession
Disney, Richard; Miller, Helen; Pope, Thomas - 2018
demonstrate explains part of firms’ heterogeneous investment responses to the Great Recession. We find an important role for low … demand growth in depressing investment in the recession and for ongoing uncertainty in prolonging investment weakness in … an investment spike after the recession, which is consistent with them having been more exposed to financial distress. …
Persistent link: https://www.econbiz.de/10011817429
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EFFECTS OF FOREIGN DIRECT INVESTMENT AND DOMESTIC INVESTMENT ON NON-OIL INDUSTRIAL PRODUCTION IN NIGERIA
Aigheyisi, Oziengbe - 2021
This study examines the effects of Foreign Direct Investment (FDI) and DomesticInvestment (DI) on non-oil industrial production (comprising manufacturing and solidminerals) in Nigeria, using annual time series data spanning the period from 1981 to2018. The ARDL approach to co-integration and...
Persistent link: https://www.econbiz.de/10013229856
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The dynamics of business investment following banking crises and normal recessions
Jannsen, Nils - 2015
recessions, i.e., the deeper the previous recession was, the higher the growth rate of business investment will be. The trend …
Persistent link: https://www.econbiz.de/10010518645
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Evidence and ideology in macroeconomics : the case of investment cycles
Hillinger, Claude - 2005
The paper reports the principal findings of a long term research project on the description and explanation of business cycles. The research strongly confirmed the older view that business cycles have large systematic components that take the form of investment cycles. These quasi-periodic...
Persistent link: https://www.econbiz.de/10010440436
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The cross-section of firms over the business cycle : new facts and a DSGE exploration
Bachmann, Ruediger; Bayer, Christian - 2009
Using a German firm-level data set, this paper is the first to jointly study the cyclical properties of the cross-sections of firm-level real value added and Solow residual innovations, as well as capital and employment adjustment. We find two new business cycle facts: 1) The cross-sectional...
Persistent link: https://www.econbiz.de/10003888063
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Firm-specific productivity risk over the business cycle : facts and aggregate implications
Bachmann, Ruediger; Bayer, Christian - 2009
Is time-varying firm-level uncertainty a major cause or amplifier of the business cycle? This paper investigates this question in the context of a heterogeneous-firm RBC model with persistent firm-level productivity shocks and lumpy capital adjustment, where cyclical changes in uncertainty...
Persistent link: https://www.econbiz.de/10003898815
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Booms, recessions and financial turmoil : a fresh look at investment decisions under cyclical uncertainty
Chen, Yu-Fu; Funke, Michael - 2009
The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework where demand shifts stochastically between three different states, each with different rates of drift and volatility. In our setting the shifts are governed by a three-state Markov...
Persistent link: https://www.econbiz.de/10003872827
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Booms, recessions and financial turmoil : a fresh look at investment decisions under cyclical uncertainty
Chen, Yu-Fu; Funke, Michael - In: Scottish journal of political economy : the journal of … 57 (2010) 3, pp. 290-317
Persistent link: https://www.econbiz.de/10003971036
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Investment shocks and the relative price of investment
Justiniano, Alejandro; Primiceri, Giorgio E.; … - 2009
rate spreads and that it played a particularly important role in the recession of 2008. -- Business cycles ; financial …
Persistent link: https://www.econbiz.de/10003948199
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Cyclical patterns of employment, utilization and profitability
Zipperer, Ben; Skott, Peter - 2010
The interaction between income distribution, accumulation, employment and the utilization of capital is central to macroeconomic models in the 'heterodox' tradition. This paper examines the stylized pattern of these variables using US data for the period after 1948. We look at the trends and...
Persistent link: https://www.econbiz.de/10003989579