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, which are important for understanding both the dynamics of aggregate investment and the impact of various policies on … parameters of dynamic optimization problems in which non-convexities lead to extended periods of investment inactivity. In doing … so, we create a method to take into account censored observations stemming from intermittent investment. This methodology …
Persistent link: https://www.econbiz.de/10013095162
degrees of investment irreversibility defined on the basis of market structures and access to secondary markets for capital …This paper uses firm level panel data from Ethiopian manufacturing to investigate the investment behavior of firms … under uncertainty. The paper focuses on the heterogeneity of firm level investment responses to both demand and supply side …
Persistent link: https://www.econbiz.de/10010254240
Persistent link: https://www.econbiz.de/10003385875
rate of profit and its components - profit share, capacity utilization rate, and capacity-capital ratio - on investment …. Our results show that: (a) the rate of profit has both short and long run positive impacts on investment; (b) the profit … contemporaneous positive impact on investment. …
Persistent link: https://www.econbiz.de/10011522167
analysis further identifies sources of financing in these subsectors and discusses future investment and financing challenges …
Persistent link: https://www.econbiz.de/10012180399
This paper uses a neoclassical investment model extended with installation costs for capital, agency costs for … investment financing, and the possibility of the firm being output constrained as a framework for an empirical analysis of … investment behaviour in the Swedish manufacturing industry. The theory is implemented within a multivariate error …
Persistent link: https://www.econbiz.de/10011583518
shortages of capital, and, finally, (vi) the estimated adjustment function implies that aggregate investment is relatively …
Persistent link: https://www.econbiz.de/10011583829
adjustment function implies that aggregate investment is relatively unresponsive to aggregate shocks in deep recessions as …
Persistent link: https://www.econbiz.de/10011585817
If the relation between investment and economic growth is well established in the macroeconomic literature, the … linking investment and firm performance in the French and Italian manufacturing industries. It does so by putting forth a … novel methodology to identify investment spikes that corrects for size dependence. While maintaining the desired properties …
Persistent link: https://www.econbiz.de/10011731026
Empirical evidence suggests that capital structure varies across firms facing different levels of information asymmetry, however, this evidence contradict the prediction of pecking order hypothesis. Although debt capacity constraints offer some explanation for this discrepancy, it fails to...
Persistent link: https://www.econbiz.de/10011771645