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uncertainty, firms that are credit constrained switch the composition of investment by reducing productivity-enhancing investment …
Persistent link: https://www.econbiz.de/10011634332
consists of two major parts. In the first part, we aim at measuring investment in intangibles at the sector level. We shed … light on differences across sectors but also compare these figures with investment in physical capital and with investment … intangible capital from 1995-2006 by 30%. Furthermore, results reveal differences in the investment patterns among the UK and …
Persistent link: https://www.econbiz.de/10010385066
1980s, the turn to neo-liberalism led to 14 years of decline in long-run rate of investment and growth from which it hasn …
Persistent link: https://www.econbiz.de/10013240764
Growth models predict that taxation may have permanent effects on per capita real GDP growth. We look at, and test this prediction for 21 OECD countries, over the period 1965-2010. We employ a semi-parametric technique - namely, a Finite Mixture model - to estimate an augmented version of the...
Persistent link: https://www.econbiz.de/10012834659
In this paper I consider 28 developed and developing countries, in the period 1980- 1995, and I employ the Within Group and the Generalized Method of Moments estimators to test, respectively, for Total Factor Productivity determinants and labor productivity convergence driving forces...
Persistent link: https://www.econbiz.de/10010343896
consists of two major parts. In the first part, we aim at measuring investment in intangibles at the sector level. We shed … light on differences across sectors but also compare these figures with investment in physical capital and with investment … intangible capital from 1995-2006 by 30%. Furthermore, results reveal differences in the investment patterns among the UK and …
Persistent link: https://www.econbiz.de/10013049643
The paper first develops a theoretical model with different sectors, each providing a channel for an impact of energy prices on growth. In the short run, growth is hampered by increasing energy prices. In the long run, however, capital accumulation may be crowded out by energy use. This happens...
Persistent link: https://www.econbiz.de/10011793191
A country's growth of output is identically equal to its ratio of investment to output and the productivity of … investment. In "new" growth theory regressions, which include the investment ratio, all other included variables pick up why the … productivity of investment differs between countries. This paper converts a "new" growth theory regression equation into …
Persistent link: https://www.econbiz.de/10011617404
durchgeführt. Als abhängige Variable in den Regressionen wird aber nicht nur das Wirtschaftswachstum berücksichtigt, sondern auch … Wirtschaftswachstum und seinen Komponenten -auf der einen Seite- und fiskalischer Dezentralisierung -auf der anderen Seite- zu bestehen …
Persistent link: https://www.econbiz.de/10011433736
This paper looks at the patterns of causation between income, export, import, and investment growth for 39 developing … trade exposure, growth rates, and investment rates tend to gain in predictive ability from the addition of such a variable …
Persistent link: https://www.econbiz.de/10014161279