Showing 1 - 10 of 98
We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker … coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on …
Persistent link: https://www.econbiz.de/10010261921
, resulted in lower investment, employment, and bank debt for younger and smaller firms. Importantly, these effects dominate … those of banks’ balance-sheet variables. We also show that higher CDS spreads led to lower aggregate investment, employment …
Persistent link: https://www.econbiz.de/10011431206
, resulted in lower investment, employment, and bank debt for younger and smaller firms. Importantly, these effects dominate … those of banks' balance-sheet variables. We also show that higher CDS spreads led to lower aggregate investment, employment …
Persistent link: https://www.econbiz.de/10011406568
We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker … coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on …
Persistent link: https://www.econbiz.de/10013319206
product market, concerning in particular entry barriers, are negatively related to investment. The implications of our … analysis are clear: regulatory reforms, especially those that liberalise entry, are very likely to spur investment ... …
Persistent link: https://www.econbiz.de/10012444698
Has financial liberalization improved the efficiency with which investment funds are allocated to competing uses? In … index of the efficiency of investment allocation that measures whether, and to which extent, investment funds are going to … investment funds are allocated. This conclusion holds after a series of robustness checks and is consistent with firm level …
Persistent link: https://www.econbiz.de/10014065873
distribution of investment rates. We then present two pieces of econometric evidence on these issues. First, we estimate a discrete … hazard model to determine the probability of having an episode of high investment, conditional on the length of the interval … from the last high investment episode and we discuss what the empirical results suggest about the shape of the adjustment …
Persistent link: https://www.econbiz.de/10004968798
This paper evaluates the effects of fiscal policy on investment using a panel of OECD countries. In particular, we … investigate how different types of fiscal policy affect profits and , as a result, investment. We find a sizable negative effect … of public spending -- and in particular of its public wage component -- on business investment. This result is consistent …
Persistent link: https://www.econbiz.de/10004968802
the efficient allocation of investment. In this paper we use a signal extraction framework to give empirical content to …-sectional distribution of investment widens. We then explore this hypothesis using panel data information for UK companies over twenty years …. Our data generally support the view that monetary instability may affect investment allocation through its effect on the …
Persistent link: https://www.econbiz.de/10004968830
in short-term dept and a steeper fall in both sales and inventory. Finally, inventory and fixed investment equations are … estimated in an ECM form. Consistently with our expectations, we find that both inventory and fixed investment decisions by …
Persistent link: https://www.econbiz.de/10005772679