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Effects of Tax Depreciation Rules on Firms' Investment Decisions: A Comparison of European Transition Countries

Nam, Chang Woon; Radulescu, Doina Maria - In: CESifo DICE Report 01 (2003) 2, pp. 52-55

Persistent link: https://www.econbiz.de/10011696432

A Dynamic Probabilistic Version of the Aoki-Yoshikawa Sectoral Productivity Model

Scalas, Enrico; Garibaldi, Ubaldo - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-15, pp. 1-10

In this paper, the authors explore a dynamical version of the Aoki and Yoshikawa model (AYM) for an economy driven by demand. They show that when an appropriate Markovian dynamics is taken into account, the AYM has different equilibrium distributions depending on the form of transition...

Persistent link: https://www.econbiz.de/10010298634

Implicit Microfoundations for Macroeconomics

Wright, Ian - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-19, pp. 1-27

A large market economy has a huge number of degrees of freedom with weak microlevel coordination. The 'implicit microfoundations' approach considers this property of micro-level interactions to more strongly determine macro-level outcomes compared to the precise details of individual choice...

Persistent link: https://www.econbiz.de/10010298637

Openness and economic growth in developing countries

Gundlach, Erich - In: Weltwirtschaftliches Archiv 133 (1997) 3, pp. 479-496

Openness appears to have a strong impact on economic growth especially in DCs, which typically exhibit a high share of physical capital in factor income and a low share of labor. In the neoclassical growth model with partial capital mobility, physical capital?s share in factor income determines...

Persistent link: https://www.econbiz.de/10010314079

Heterogeneous parameter uncertainty and the timing of investment during crisis

Ni, Shawn; Ratti, Ronald A. - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-41, pp. 1-22

the parameters that determine the distribution of the expected returns on investment. During a crisis that increases … macroeconomic uncertainty and reduces asset prices, the threshold required return that triggers investment is lower for an informed … investment may increase, is mostly by informed investors, and as time goes on is progressively more by investors who were …

Persistent link: https://www.econbiz.de/10010299494

Net worth ratio and financial instability

Watanabe, Toshio - In: Journal of Economic Structures 2 (2013), pp. 1-18

formulate a model of financing. New Keynesian theory emphasizes that a firm's net worth influences investment decisions and … banks lending reaction to the net worth ratio is more elastic than investment reaction. When the steady state is the saddle …

Persistent link: https://www.econbiz.de/10011551998