Showing 1 - 10 of 2,860
Persistent link: https://www.econbiz.de/10011695738
We study the negative correlation between natural resource-abundance and long-term income focusing on the savings-investment … the issue. In this model, savings adjust downwards to income from natural resources, and investment in capital contributes … income through savings and investment. Natural resources have two counteracting effects on income. In the short term …
Persistent link: https://www.econbiz.de/10011324959
In this paper, we show that Adam Smith pointed out the existence of the Feldstein-Horioka Paradox or Puzzle and even gave an explanation for it more than 200 years before the publication of Feldstein and Horioka (1980). Smith argues that it is the pursuit of their own security that leads owners...
Persistent link: https://www.econbiz.de/10010332269
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
stagnation of investment, especially private fixed investment, was the primary culprit. I then investigate the causes of the …
Persistent link: https://www.econbiz.de/10010332277
We examine quantitatively the extent to which financial distress in the 90s affected Japanese corporate investment …. Based on the firm-level data that includes small, unlisted firms, we estimate investment function to measure the impact of … financial distress on investment. We find that the firm's ratio of debt to total asset exerts a significantly negative effect on …
Persistent link: https://www.econbiz.de/10010332354
's variable costs is significant, and that in its sunk investment is weak. Investment may be greater when the number of trading …
Persistent link: https://www.econbiz.de/10010332385
We show that supply-side financial shocks have a large impact on the investment decisions of firms. We do this by …-firm lending data. We decompose loan movements in Japan for the period 1990 to 2010 into bank, firm, industry, and common shocks … supply and investment. We show that these idiosyncratic bank shocks explain 40 percent of aggregate loan and investment …
Persistent link: https://www.econbiz.de/10010333636
Sparquote zu. Außerdem beeinflußt die Art der sozialen Sicherung die Höhe der Sparquote. Selbständigen-Haushalte sparen einen … Abschluß von Lebensversicherungen treffen. (Nichtbeamtete) Arbeitnehmer dagegen sparen einen Teil ihres Einkommens nicht …In recent years the aggregate savings ratio in Germany has declined. The basic causes are, above all, the rise in …
Persistent link: https://www.econbiz.de/10010260715
The paper seeks to add to the existing literature on aggregate and private savings by focusing on transition economies …, aggregate and private savings are driven by almost the same forces – this is the central focus of the paper. The most important …
Persistent link: https://www.econbiz.de/10010260767