Showing 1 - 10 of 22,163
Persistent link: https://www.econbiz.de/10001528384
Persistent link: https://www.econbiz.de/10001408496
Persistent link: https://www.econbiz.de/10010530710
Persistent link: https://www.econbiz.de/10001234006
Persistent link: https://www.econbiz.de/10001466976
Persistent link: https://www.econbiz.de/10001680473
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
I present a model economy where policy uncertainty creates short-term bias in investment and leads to a higher capital price and lower long-run investment and output. I conduct a calibration exercise using a set of industry-level investment data across countries. Between the lowest-income and...
Persistent link: https://www.econbiz.de/10014116125
and coherent theory of economic growth. Research in growth theory has demonstrated that significant and systematic … many obstacles that the creation of wealth may encounter. The current essay surveys cutting-edge research on growth theory …, in any case, they call for a reexamination of growth theory. …
Persistent link: https://www.econbiz.de/10014495894
allows us to estimate the model in the structural form suggested by theory. The methodology is applied to micro data from a …
Persistent link: https://www.econbiz.de/10011334326