Showing 1 - 10 of 452
Purpose: The study aims to evaluate the different implications of mergers and acquisitions (M&A) and Greenfield foreign …) in Indonesia. The origin of the study stems from past academic debates that contested whether Greenfield FDI or M&A bear … error correction (S-VECM) time series model to evaluate the short-term and long-term effects of M&A and Greenfield …
Persistent link: https://www.econbiz.de/10012643367
The paper analyzes Jamaica's experience of low growth despite consistently high investment. Cross-country analysis provides evidence of a significant and negative relationship between total public debt and productivity growth. Looking at the specific channels through which high debt affects...
Persistent link: https://www.econbiz.de/10012778208
This paper studies the aggregate implications of microeconomic investment irreversibility and idiosyncratic uncertainty in a simple growth model by highlighting real option effects. We endogenize the drift rate of real option by connecting it to the state of the economy. Thereby, we extend the...
Persistent link: https://www.econbiz.de/10011399007
The need for transition to indefinitely sustainable macro economic production functions and the attendant required evolution of modern portfolio theory are discussed. A new, 'next economy' methodology is proposed to practically apply modern realities to portfolios in meaningful ways. Existing...
Persistent link: https://www.econbiz.de/10013086462
I explore how and and to what extent policy uncertainty can account for the observed long-run cross-country differences in capital price and levels of aggregate investment and output. I present a model economy where the industry-level policy-related investment cost is uncertain. Holding the...
Persistent link: https://www.econbiz.de/10014198834
This paper sheds light on the influence of exchange rate volatility on foreign direct investment (FDI), both at the theoretical and the empirical level. The novelty of the empirical analysis, which is based on a panel of 27 OECD countries over the period 1982-2002, is to provide evidence of a...
Persistent link: https://www.econbiz.de/10005858054
This short essay, which appeared in a Lithuanian law review, analyzes how consequences of information policies in smaller developing countries relate to their success or failure in attracting foreign investment capital. The central purpose of this work is to encourage government officials,...
Persistent link: https://www.econbiz.de/10014222583
Persistent link: https://www.econbiz.de/10012001945
We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker, not only temporarily, but also in the steady state. These results are found using pooled annual data for a large panel of countries, using pooled data for non-overlapping...
Persistent link: https://www.econbiz.de/10010261921
Can a large-scale defcit spending program speed up recovery after recession? To answer that question we calibrate a standard neoclassical growth model with US data and assume that an exogenous shock has driven aggregate output far below steady-state level. We calibrate the model such that a...
Persistent link: https://www.econbiz.de/10010270052