Showing 1 - 10 of 13,152
Rothbard's (1993) analysis incomplete in that it unduly portrays a rise in the volume of investment as a necessary counterpart … and Rothbard. We explore these implications, demonstrating that the present demand schedule and the volume of investment …
Persistent link: https://www.econbiz.de/10013033534
This paper presents a new stage-of-fabrication inventory model with ordering usage and stocking of input materials that distinguishes between gross production and value added It extends the traditional linear-quadratic model of output (finished goods) inventories by adding joint determination of...
Persistent link: https://www.econbiz.de/10010293497
economists identify saving and the credit supply by interpreting the macroeconomic saving-investment identity as a budget … supply of credit and thus more funds to be invested by firms for investment. The paper shows that proponents of this theory …
Persistent link: https://www.econbiz.de/10010201646
This paper critiques Rothbard's ([1962] 2004) concept of gross investment. Rothbard introduced the concept in order to … investment as he defines it does not contain significant information concerning the question as to whether the capital structure …
Persistent link: https://www.econbiz.de/10010481407
argue that there is much confusion about key macroeconomic concepts like saving, investment and finance. This confusion is … best summarised in the statement "saving finances investment". After clearly defining the accounting relationships between … lending, financial saving and physical investment it will be shown that this is a nonsense statement. The theory behind it …
Persistent link: https://www.econbiz.de/10009672542
accumulation and decumulation of capital. This yields a coherent view of the interrelations of real and nominal saving–investment … indispensable for the viability of the market system. An equilibrium of saving and investment would be rather disadvantageous for …
Persistent link: https://www.econbiz.de/10013067543
We provide a framework to study how different allocation systems of public procurement contracts affect firm dynamics and long-run macroeconomic outcomes. We start by using a newly created panel data set of administrative data that merges Spanish credit register loan data, quasi-census...
Persistent link: https://www.econbiz.de/10013162101
From its publication in The Times in 1933, John Maynard Keynes’s investment multiplier sparked much debate and … controversy. Can an investment generate 3 or 4 times its value in income within one year? To date, no one has questioned the …
Persistent link: https://www.econbiz.de/10013213793
Intangible investment is growing as a share of economic activity. We present a simple framework incorporating its … distinguishing characteristic of generally greater scalability and lower marginal costs than tangible investment. We show evidence … large constituent of intangible investment, may be leading to wage stagnation and greater market concentration …
Persistent link: https://www.econbiz.de/10013315102
with frictions in the adjustment of both capital and labor. We posit that hiring of labor is akin to investment in capital ….S. corporate sector data to estimate firms' optimal hiring and investment decisions and the consequences for firms' value. We then … investment and physical capital. We find that a conventional specification - quadratic adjustment costs for capital and no hiring …
Persistent link: https://www.econbiz.de/10013319585