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China's March to Prosperity: Reforms to Avoid the Middle-income Trap
Koen, Vincent; Herd, Richard; Hill, Sam - Economics Department, Organisation de Coopération et … - 2013
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
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Business Fixed Investment and "Bubbles": the Japanese Case.
Schaller, Huntley; Chirinko, Robert S. - Carleton University, Department of Economics - 1995
business fixed investment? The case of Japan is particularly interesting because of the dramatic movements in the Japanese … these questions. First, we examine financing and investment patterns to gauge firms' reactions to the 1980s stock market run … investment. Third, we use the linear projection to decompose stock market prices into fundamental and bubble components, allowing …
Persistent link: https://www.econbiz.de/10004961532
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Business Fixed Investment and "Bubbles": The Japanese Case
Chirinko, Robert S.; Schaller, Huntley - Department of Economics and Finance Research and … - 1996
business fixed investment? The case of Japan is particularly interesting because of the dramatic movements in the Japanese … these questions. Fist, we examine financing and investment patterns to gauge firms' reactions to the 1980s stock market run … investment. Third, we use a linear projection to decompose stock market prices into fundamental and bubble components, allowing …
Persistent link: https://www.econbiz.de/10005823257
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CORPORATE DEBT AND CRISIS SEVERITY IN EUROPE
Niemczak, Kinga - In: "e-Finanse" 9 (2013) 1, pp. 35-43
corporate debt ratio prior to the crisis and crisis-induced contractions in corporate investment and GDP. The results indicate a …
Persistent link: https://www.econbiz.de/10010815416
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Pro-shareholder income distribution, debt accumulation, and cyclical fluctuations in a post-Keynesian model with labor supply constraints
Sasaki, Hiroaki; Fujita, Shinya - In: European Journal of Economics and Economic Policies: … 11 (2014) 1, pp. 10-30
In modern capitalist economies, income distribution has a tendency to be in favor of shareholders. This paper interprets pro-shareholder distribution as a decrease in the retention ratio of firms and an increase in the profit share. We introduce labor supply constraints into a post-Keynesian...
Persistent link: https://www.econbiz.de/10010776477
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CORPORATE DEBT AND CRISIS SEVERITY IN EUROPE
Niemczak, Kinga - In: "e-Finanse" 9 (2013) 1, pp. 35-43
corporate debt ratio prior to the crisis and crisis-induced contractions in corporate investment and GDP. The results indicate a …
Persistent link: https://www.econbiz.de/10010659921
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Income Distribution, Debt Accumulation, and Financial Fragility in a Kaleckian Model with Labor Supply Constraints
Sasaki, Hiroaki; Fujita, Shinya - Graduate School of Economics, Kyoto University - 2012
This paper investigates the effect of changes in the retention ratio, profit share, interest rate, and natural rate of growth on the rate of capital accumulation and the financial structure of firms by using a Kaleckian growth model with labor supply constraints. We show that if the economy...
Persistent link: https://www.econbiz.de/10010717435
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Private investment and financial development in a globalized world
Huang, Yongfu - School of Economics, Finance and Management, University … - 2006
provides an exhaustive analysis of causality between aggregate private investment and financial development. GMM estimation on …
Persistent link: https://www.econbiz.de/10005022147
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Industrial Diversification, Financial Development and Productive Investments
Schclarek, Alfredo - In: Ensayos Económicos 1 (2007) 48, pp. 145-177
This paper analyzes, from a theoretical perspective, the role of the financial system to promote growth and macroeconomic stability. It also endogenously explains the performance of the financial systems as a consequence of industrial (or sectoral) diversification. In the model, the productive...
Persistent link: https://www.econbiz.de/10010551935
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Industrial Diversification, Financial Development and Productive Investments
Schclarek, Alfredo - Banco Central de la República Argentina - 2007
This paper analyzes, from a theoretical perspective, the role of the financial system to promote growth and macroeconomic stability. It also endogenously explains the performance of the financial systems as a consequence of industrial (or sectoral) diversification. In the model, the productive...
Persistent link: https://www.econbiz.de/10010552017