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The study investigated the dynamic interaction between savings, investment and economic growth in Nigeria within the …, should ensure that the savings with deposit money banks are properly channelled to long-term investment. The study further … revealed that GDI do not result to GDP, to resolve this, government should ensures that all investment are properly channelled …
Persistent link: https://www.econbiz.de/10012845749
According to the mainstream view, labour market institutions (LMI) are the key determinants of unemployment in the medium run. The actual empirical explanatory power of measures for labour market institutions, however, has been called into question recently (Baker et al 2005, Baccaro and Rei...
Persistent link: https://www.econbiz.de/10014206776
We document the empirical fact that asset prices in the consumption-goods and investment-goods sector behave almost …
Persistent link: https://www.econbiz.de/10009786095
An ECM is derived from first order conditions of a factor demand model. Decisions on inventory stock and capacity utilization are (endogenously) modeled, by which a large system of equations results. Within this system the exogeneity of real factor prices as well as sales is tested. The role of...
Persistent link: https://www.econbiz.de/10013119731
: capital investment, hiring, research and development, and advertising. We find that uncertainty depresses capital investment … literature emphasizing that long investment lags create valuable real put options which offset the effects of call options lost … roughly a third of the fall in capital investment and hiring that occurred in 2008-10 …
Persistent link: https://www.econbiz.de/10013069505
analysis of firm investment, suggesting that high uncertainty may transmit to investment and bank loans mainly through the real …
Persistent link: https://www.econbiz.de/10012859940
The large majority of the work published on firm investment is done in the neoclassical frame of a rational optimizing … firm attempting to achieve optimal size. While this frame addresses one important consideration in firm investment, it has … cashflows are affecting the firm investment decisions. Second, the standard approach operates on an "average firm," which in …
Persistent link: https://www.econbiz.de/10012581594
implications for the analysis of investment demand and its responsiveness to tax policy. We estimate the structural parameters of a … model in which domestic and foreign investment interact in two important ways. First, the MNC's production technology allows … investment in one locaton may be affected by investment in other locations. We estimate the model using firm-level panel data …
Persistent link: https://www.econbiz.de/10011576501
uncertainty, firms that are credit constrained switch the composition of investment by reducing productivity-enhancing investment …
Persistent link: https://www.econbiz.de/10011634332
investment behavior originating on the demand side for capital, e.g. at the sector level. We show that the underlying assumption … of homogeneity may indeed lead to misspecification of standard aggregate investment models. Using data from 23 sectors in … estimate the responsiveness of investment to the tax-adjusted user cost of capital. While accounting for the different sources …
Persistent link: https://www.econbiz.de/10012054683