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Capital flows and real estate are pro-cyclical, and real estate has a substantial weight in economies' income and wealth. In this paper, we study the role of real estate markets in the transmission of bank flow shocks to output growth across German cities. The empirical analysis relies on a new...
Persistent link: https://www.econbiz.de/10012137065
The main objective of the present paper is to estimate the extent to which firm investment is substituted (crowded …-out) by investment support policies granted under the EU Rural Development Programme (RDP). In the empirical analyses we …
Persistent link: https://www.econbiz.de/10011285428
The main objective of the present paper is to estimate the extent to which firm investment is substituted (crowded …-out) by investment support policies granted under the EU Rural Development Programme (RDP). In the empirical analyses we …
Persistent link: https://www.econbiz.de/10013018882
Persistent link: https://www.econbiz.de/10003691292
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