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We document investment distortions induced by the use of a single discount rate within firms. According to textbook … a robust and significant positive relationship between division-level investment and the spread between the division …
Persistent link: https://www.econbiz.de/10009002326
In the presence of home firm's ability to make a cost-reducing investment before or after the government set its … information about its own costs, which it may want to signal to the government through its investment choice. We find that under …
Persistent link: https://www.econbiz.de/10009002598
Are financial constraints preventing firms from importing capital goods? Sourcing capital goods from foreign countries is costly and requires internal or external financial resources. A simple model of foreign technology adoption shows that credit constraints act as a barrier to importing...
Persistent link: https://www.econbiz.de/10009002847
On 23 June 2010, the Magyar Nemzeti Bank and SUERF jointly organised a conference on "The Future of Banking in CESEE after the Financial Crisis", incorporating the SUERF Annual Lecture, delivered by Manfred Schepers, Vice President, Finance at the European Bank for Reconstruction and...
Persistent link: https://www.econbiz.de/10009003008
results. This observation indicates that the investment in a SPU of soybean in Mato Grosso, in any hypothesis, can be …
Persistent link: https://www.econbiz.de/10009003199
energy intensity of GDP is higher. But they have higher investment in R&D and fixed capital stock, larger foreign exchange …
Persistent link: https://www.econbiz.de/10008602743
relationship between saving and investment rates in India with the former explaining the latter without any feedback, implying … investment rates was found to be weaker with the inclusion of post-reform period, characterized by a more liberalized regime on … capital flows, than during the pre-reform period. In the short-run also the relationship between saving and investment rates …
Persistent link: https://www.econbiz.de/10008611384
cash and its equivalents even in the presence of potential investment opportunities. This suggests that establishing a …
Persistent link: https://www.econbiz.de/10008611589
liquidity and investment. Investment is inefficiently low because banks must sell high-quality assets below their "fair" value … investment to fall. Asset purchase programs often improve liquidity, investment and welfare. …
Persistent link: https://www.econbiz.de/10008615054
role of rising rates of investment. Because labor reallocation across sectors, TFP growth at the sector level and … investment are all inter-related, simple growth decompositions that are often used in the literature are not appropriate for … continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …
Persistent link: https://www.econbiz.de/10008615448