This paper develops and empirically tests a model designed to distinguish the roleof real and …nancing frictions on fi…rms´investment, debt …nancing and equity …nancingpolicies. Real frictions include …xed costs of investment and adjustment costs. Financ-ing frictions include taxes,...

This paper introduces a stress test of the corporate credit portfolios of 24 large German banks by a two-stage approach: First, a macro-econometric model is used to forecast the impact of a substantial increase of the user cost of business capital for firms worldwide on three particularly...

In the process of public policymaking, it is recommended to use system dynamics (SD) and Big Data in e-government. SD could assist in viewing problems in complex system holistically, while Big Data in e-government is for collecting data and information which are used for developing model of...

This article describes how we exist in a technological era where everything is controlled via electronic devices and education is highly impacted by ICT (Information and Communication Technology) tools. The present article is an attempt to highlight the training need analysis approach and its...