Showing 1 - 10 of 81
Persistent link: https://www.econbiz.de/10011438812
We provide evidence of an inherent trade-off between access regulation and investment incentives in telecommunications … accommodates: different investment incentives for incumbents and entrants; a strategic interaction of entrants' and incumbents … investment. Thus promoting market entry by means of regulated access undermines incentives to invest in facilities …
Persistent link: https://www.econbiz.de/10010352072
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
We provide evidence of an inherent trade-off between access regulation and investment incentives in telecommunications … accommodates: different investment incentives for incumbents and entrants; a strategic interaction of entrants' and incumbents … investment. Thus promoting market entry by means of regulated access undermines incentives to invest in facilities …
Persistent link: https://www.econbiz.de/10010270806
Persistent link: https://www.econbiz.de/10010527752
This paper aims to investigate the relationship between financial liberalization on the one hand and saving, investment … investment (although there are some signs to believe that liberalization may actually reduce rather than increase domestic saving …), whereas it is positively associated with private investment, as well as with per capita GDP growth. We find a negative …
Persistent link: https://www.econbiz.de/10010284781
We investigate the cost of capital in a model with an agency conflict between inside managers and outside shareholders. Inside ownership reflects the classic tradeoff between incentives and risk diversification, and the severity of agency costs depends on a parameter representing investor...
Persistent link: https://www.econbiz.de/10011506547
investment in the heavily indebted poor countries (HIPCs), while also displacing current expenditure in priority sectors like … growth and investment in ECOWAS Sub-Saharan Africa over the period 1980-1999. Unlike the traditional debt and growth studies … that use a-spatial methods, this study employs spatial autoregressive growth and investment models to determine the effects …
Persistent link: https://www.econbiz.de/10009480941
The investment-intensive growth model of the People's Republic of China (PRC) is often viewed as state-driven and … ultimately unsustainable. But largely unnoticed, a shift has taken place. This paper examines the changes in investment patterns … economy-wide data with various breakdown. Significant shifts in investment patterns across sectors and ownership forms have …
Persistent link: https://www.econbiz.de/10012196398
The investment-intensive growth model of the People’s Republic of China (PRC) is often viewed as state-driven and … ultimately unsustainable. But largely unnoticed, a shift has taken place. This paper examines the changes in investment patterns … economy-wide data with various breakdown. Significant shifts in investment patterns across sectors and ownership forms have …
Persistent link: https://www.econbiz.de/10011698651