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Martin, Alberto; Ventura, Jaume - National Bureau of Economic Research <Cambridge, Mass.> - 2010

dispersion in the rates of return to investment. During bubbly episodes, unproductiveinvestors demand bubbles while productive … investors supply them. Because of this, bubbly episodeschannel resources towards productive investment raising the growth rates … of capital and output. Themodel also illustrates that the existence of bubbly episodes requires some investment to be …

Persistent link: https://www.econbiz.de/10005870349

Does Firms´ Financial Status Affect Plant-Level Investment and Exit Decision

Winter, Joachim - 1998

its plant-level investment and exit decisions. …

Persistent link: https://www.econbiz.de/10005850501

Net Worth, Risk Taking and Investment

Hubert, Franz - Universität <Berlin, Humboldt-Universität> / Chair … - 2000

This paper analyzes how agency problems in nancial contracting determine risk-taking andinvestment. In perfect capital markets a risk-neutral rm would invest until the expectedmarginal return equals the interest rate. However, as rms with little net-worth face agencycost in nancial contracting...

Persistent link: https://www.econbiz.de/10005841020

De Nederlandsche Bank - Monetary and financial statistics for the Netherlands

Nederlandsche Bank <Amsterdam>

This website of the Nederlandsche Bank (DNB) provides monetary and financial statistics for the Netherlands.

Persistent link: https://www.econbiz.de/10005852152

MONETARY POLICY AND THEDISTRIBUTION OF INCOME

Bhattacharya, Joydeep - Iowa State University of Science and Technology <Ames, … - 2003

access to a risky but high return capital production technology. Capital investment must be partially externally financed via …

Persistent link: https://www.econbiz.de/10009418926

The Demand for Liquid Assets, Corporate Saving, and Global Imbalances

Bacchetta, Philippe; Benhima, Kenza - National Centre of Competence in Research - Financial … - 2010

bonds is a complement to domestic investment rather than asubstitute. We show that this complementarity is at work when an … imbalances and with a number of stylized facts such as high corporate saving rates inhigh-growth, high-investment, emerging …

Persistent link: https://www.econbiz.de/10009486821

Labor Productivity and Vocational Training:Evidence from Europe

Sala, Hector; Silva, José I. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011

In this paper we show that vocational training is an important determinant of productivitygrowth. We construct a multi-country, multi-sectoral dataset, and quantify empirically to whatextent vocational training has contributed to increase the growth rate of labor productivity inEurope between...

Persistent link: https://www.econbiz.de/10009486999

THE MARGINAL PRODUCTS OF RESIDENTIAL AND NON-RESIDENTIAL CAPITALTHROUGH 2009

Mulligan, Casey B.; Threinen, Luke - National Bureau of Economic Research <Cambridge, Mass.> - 2010

Estimates of the marginal product of capital can help forecast economic growth, test competing businesscycle theories, and perform cost-benefit analysis. This paper presents annual and quarterly estimatesof the marginal product of capital in the U.S. separately for the residential and...

Persistent link: https://www.econbiz.de/10005870313

Steady-State Growth and the Elasticity of Substitution

Irmen, Andreas - Alfred-Weber-Institut für Sozial- und … - 2010

In a neoclassical economy with endogenous capital- and labor-augmentingtechnical change the steady-state growth rate of output per worker is shown to increasein the elasticity of substitution between capital and labor. This conrms theassessment of Klump and de La Grandville (2000) that the...

Persistent link: https://www.econbiz.de/10009249010

Knowledge and Growth in the Very Long Run

Strulik, Holger - Universität <Hannover> / Wirtschaftswissenschaftliche … - 2010

This paper proposes a theory for the gradual evolution of knowl-edge diffusion and growth over the very long run. A feedback mechanismbetween capital accumulation and the ease of knowledge diffusion explains along epoch of (quasi-) stasis and an epoch of high growth linked by a grad-ual economic...

Persistent link: https://www.econbiz.de/10009302602