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We argue that positive comovements between land prices and business investment are a driving force behind the broad … joint dynamics of land prices and business investment. … impact of land-price dynamics on the macroeconomy. We develop an economic mechanism that captures the comovements by …
Persistent link: https://www.econbiz.de/10010292308
The user cost elasticity is a parameter of considerable importance in economics, with implications for the effects of budget deficits, tax-based savings incentives, monetary policy, corporate taxes, and tariffs and quotas on capital goods. This paper analyzes the econometric issues that account...
Persistent link: https://www.econbiz.de/10010293745
household investment. Results show that land titling has a strong and statistically significant effect on household investment …This paper uses five waves of the Vietnam Access to Resources Household Survey (VARHS) to analyse land issues in Viet … rich data set to present descriptive results on landlessness, land fragmentation, land market activities, and land property …
Persistent link: https://www.econbiz.de/10011337152
Persistent link: https://www.econbiz.de/10011546450
We estimate the effect of electorally induced policy uncertainty on investment in the manufacturing sector. Because …, and because the policies relevant to business investment vary systematically by party, uncertainty over the partisan … affiliation of the future governor is a source of political risk to firms considering business investment. More importantly, the …
Persistent link: https://www.econbiz.de/10011451061
unanticipated shock to study the effect of the Land Law of 2013 on the investment behaviour of growers of annual crops. Using a … difference-in-differences design, we find that the Land Law of 2013 is associated with a higher likelihood of investment in … a law - the Land Law of 2013 - that extended the usufruct rights of all landowners by 50 years. We exploit this largely …
Persistent link: https://www.econbiz.de/10011874114
The relationship between land investment and tenure security is usually tested in land scarce but peaceful areas. This … article examines instead the effects of land abundance and war for investment and tenure security. The paper demonstrates that … war enhances land abundance. This implies that farm size for the analysis of land investment and tenure security. The …
Persistent link: https://www.econbiz.de/10011438824
The relationship between land investment and tenure security is usually tested in land scarce but peaceful areas. This … article examines instead the effects of land abundance and war for investment and tenure security. The paper demonstrates that … war enhances land abundance. This implies that farm size for the analysis of land investment and tenure security. The …
Persistent link: https://www.econbiz.de/10010260692
In this paper, I find (1) that Japan showed massive and persistent current account surpluses from at least 1981 and … until at least 2011, (2) that Professor Ronald McKinnon was correct, at least in the case of Japan, and that these large and … persistent current account surpluses were due primarily to Japan's large and persistent IS imbalances (the excess of saving over …
Persistent link: https://www.econbiz.de/10011311745
Persistent link: https://www.econbiz.de/10012510688