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In Romania, the share of firms carrying out investment is amongst the lowest in the European Union. This is despite strong economic growth in recent years and persistent needs for upgrading the capital stock in the country. This paper draws on information from two surveys - the EIB Investment...
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of inflation is integrated into the model. The central issue is that the historical cost accounting method generally … partly compensate such additional tax burdens caused by inflation. …
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This paper re-examines Earl Hamilton`s famous 1929 thesis on "Profit Inflation"and the birth of modern industrial … led him to conclude that: Spain had enjoyed virtually no profit inflation, since wages had generally kept pace with prices …; and that early-modern England had experienced the greatest degree of such profit inflation. Such a contrast in their …
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