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We present evidence that referenda have a significant, detrimental outcome on investment. Employing an unsupervised … policy-related uncertainty. Examining the relationship of these indices with investment on a longitudinal panel of 3 … uncertainty to investment. Our preferred specification suggests that a one standarddeviation increase in Brexit uncertainty …
Persistent link: https://www.econbiz.de/10012212854
offer a macroeconomic rationale which emphasizes the divergence between savings and investment in explaining the nature of … the relationship amongst inequality, net investment spending, and a country’s capital stock. For the United States over ….S. capital stock, net investment, and consequently no effect on economic growth. Another interesting finding of this study was …
Persistent link: https://www.econbiz.de/10014211711
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/10003857658
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
This paper explores the existence and importance of financing constraints for R&D investments in large EU and US manufacturing companies over the 2000-2007 period. The main results obtained by estimating error-correction equations suggest that the sensitivity of R&D investments to cash flow...
Persistent link: https://www.econbiz.de/10011980362
We study whether aggregation residuals in U.S. private investment in information technology (IT) exhibit a predictable …
Persistent link: https://www.econbiz.de/10014076282
investment and the U.S. capital stock (relative to GDP) to their golden rule levels. Specific comparisons are made for total … for the period since 1955. We conclude that the stocks and investment flows of producers' durable equipment …, for some periods, the investment flows have been near, and even exceeded, the golden rule values. By contrast, residential …
Persistent link: https://www.econbiz.de/10014116504
regimes depending on the values of the parameters in the investment, saving and distribution function. Estimating these core …
Persistent link: https://www.econbiz.de/10009549819
Persistent link: https://www.econbiz.de/10000760065
Persistent link: https://www.econbiz.de/10011302346