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das Investitionsprogramm keine Rede sein. Im Gegenteil: Schon in der Grundversion des Modells ginge es künftigen … Generationen mit dem kreditfinanzierten Investitionsprogramm wirtschaftlich besser als ohne, weil das Bruttoinlandsprodukt (BIP … Gegenwart und die Argumente für ein solches Investitionsprogramm sind noch einmal stärker. Das Investitionsprogramm führt zu …
Persistent link: https://www.econbiz.de/10012604986
The paper presents a review of theoretical concepts and empirical findings on the issue of FDI-induced spillover and crowding-effects in the Chinese economy. Against the background of the peculiar characteristics of China's FDI-inflows the paper discusses various research agendas and results. It...
Persistent link: https://www.econbiz.de/10010300816
Transport and communication infrastructures constitute one of the mainstays of regional development. The practice of this service attributed to transport and communication networks results in the genesis of a free flux of goods, capital, work and information throughout those regions which are...
Persistent link: https://www.econbiz.de/10011319058
This paper uncovers a novel mechanism by which bubbles crowd in capital investment. If capital is initially depressed by a binding credit constraint, injecting a bubble triggers a savings glut. Higher returns in a new bubbly equilibrium attract additional investors who expand investment at the...
Persistent link: https://www.econbiz.de/10010329221
In mainstream business and economics, prizes such as the Presidential Medal of Freedom are understood as special types of incentives, with the peculiar features of being awarded in public, and of having largely symbolic value. Informed by both historical considerations and philosophical...
Persistent link: https://www.econbiz.de/10012005951
Die Investitionen im Euroraum sind auch zehn Jahre nach der Finanzkrise noch immer nicht auf dem Vorkrisenniveau. Öffentliche und private Investitionen entwickeln sich so schwach, dass der Kapitaleinsatz pro Erwerbstätigem nahezu konstant bleibt. Ein Anstieg der öffentlichen...
Persistent link: https://www.econbiz.de/10012051510
Avoiding unmanageable climate change implies that global greenhouse gas emissions must be reduced rapidly. A significant body of literature shows that policy instruments such as carbon prices can make an important contribution to this goal. In contrast, changes in preferences or values are...
Persistent link: https://www.econbiz.de/10011957220
In mainstream business and economics, prizes such as the Presidential Medal of Freedom are understood as special types of incentives, with the peculiar features of being awarded in public, and of having largely symbolic value. Informed by both historical considerations and philosophical...
Persistent link: https://www.econbiz.de/10012175077
We analyze a small, new credit facility of a Spanish state-owned bank during the crisis, using its continuous credit scoring system, its firm-level scores, and the credit register. Compared to privately-owned banks, the state-owned bank faces worse applicants, (softens) tightens its credit...
Persistent link: https://www.econbiz.de/10012211202
A recent literature has explored the role of semi-autonomous demand growth. This paper builds on the literature by incorporating a Lernerian government semi-autonomous demand function and an endogenous supply-side. Our main purpose is threefold. First, we wish to contribute to the case for...
Persistent link: https://www.econbiz.de/10012668967