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also developed a summary index of the efficiency of investment allocation that measures whether, and to what extent …, investment funds are going to firms with a higher marginal return to capital. Then it was examined the relationship between this … has led to an increase in the efficiency with which investment funds are allocated. …
Persistent link: https://www.econbiz.de/10010944537
holds for the microeconomic response of some of the most important economic variables, such as investment, labor demand, and … actual response to shocks is less than half as fast as the estimated response. For investment, labor demand and prices, the …, even after aggregating investment across all establishments in U.S. manufacturing, the estimate of its speed of adjustment …
Persistent link: https://www.econbiz.de/10011609531
countries. Will these developments improve economic performance in terms of creating jobs, fostering investment, and encouraging …
Persistent link: https://www.econbiz.de/10011514596
The classical Heckscher-Ohlin-Mundell paradigm states that trade and capital mobility are substitutes, in the sense … that trade integration reduces the incentives for capital to flow to capital-scarce countries. In this paper we show that … financially developed economies (South), trade and capital mobility are complements. Within a dynamic framework, the …
Persistent link: https://www.econbiz.de/10009431898
banking development reduces the cash flow sensitivity of fixed investment spending, particularly for small firms, and that it …
Persistent link: https://www.econbiz.de/10005822124
We develop a model that examines the capital structure and investment decisions of regulated firms in a setting that …
Persistent link: https://www.econbiz.de/10009209829
cut investment, employment, and borrowing. We conclude that financial market fluctuations affect even private firms …
Persistent link: https://www.econbiz.de/10010791316
In this paper we study the impact of different forms of access obligations on firms’ incentives to migrate from the legacy copper network to ultra-fast broadband infrastructures. We analyse three different kinds of regulatory interventions: geographical regulation of access to copper networks...
Persistent link: https://www.econbiz.de/10010721535
firms to cut investment, employment, and borrowing. We conclude that financial market fluctuations affect even private firms …
Persistent link: https://www.econbiz.de/10010734428
In this paper, we analyze the incentives of an incumbent and an entrant to migrate from an “old” technology to a “new” technology, and discuss how the terms of wholesale access affect this migration. We show that the coverage of the new technology varies non-monotonically with the access...
Persistent link: https://www.econbiz.de/10011051641