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. Parameters of VAR model of cyclical changes in inventories, savings and import are also estimated. The results show that change …
Persistent link: https://www.econbiz.de/10011228259
persistent decline in investment. Moreover, the territorial dispute has led to persistent pessimism in these firms' expectations … about future sales, which can explain 60% of the overall decline in investment. …
Persistent link: https://www.econbiz.de/10011756135
shock. Our estimated model uncovers a central role for investment in the transmission mechanism of monetary policy, as high … MPCs amplify the investment response in the data. This force also generates a procyclical response of consumption to … investment shocks, leading our model to infer a central role for these shocks as a source of business cycles. …
Persistent link: https://www.econbiz.de/10012154622
Across the world, a structural growth slowdown is underway: at current trends, the global potential growth rate - the maximum rate at which an economy can grow without igniting inflation - is expected to fall to a three-decade low over the remainder of the 2020s. The slowdown could be even more...
Persistent link: https://www.econbiz.de/10014282834
Durch Bereitstellung von Krediten tragen Banken zur Transformation von Finanzkapital in Sachkapital bei. Die Kreditvergabepolitik der Schweizer Banken hat sich im vergangenen Vierteljahrhundert stark gewandelt. Basierend auf einem Datensatz (1987-2012) mit bankengruppenspezifischen Bilanzdaten...
Persistent link: https://www.econbiz.de/10011386830
relationships were found, each corresponding to a reduced form investment, a loan demand and a loan supply equation, where loan … significant impact on investment. -- aggregate investment ; financial frictions ; cointegration ; error correction models. …
Persistent link: https://www.econbiz.de/10008990919
This paper investigates the determinants of private investment in Senegal over the period of 1970-2000. It first tests … investment equation is derived using the Johansen cointegration techniques (Johansen, 1988; Johansen and Juselius, 1990) and the … investment, real income and foreign aid flows affect positively private investment, whilst the impact of credit to private sector …
Persistent link: https://www.econbiz.de/10011533119
This paper is intended to study the following questions: What are the important determinants of investment? How would … these determinants affect investment? What are the policy implications for government to have impact on investment? What are … the major different issues on investment between developed economies and developing economies? What are the gaps between …
Persistent link: https://www.econbiz.de/10013130304
An ECM is derived from first order conditions of a factor demand model. Decisions on inventory stock and capacity utilization are (endogenously) modeled, by which a large system of equations results. Within this system the exogeneity of real factor prices as well as sales is tested. The role of...
Persistent link: https://www.econbiz.de/10013119731
The aim of this paper is to empirically examine the relationship between saving and investment for 6 Middle East and … Model. The long run estimation reveals causality between investment and saving for the entire sample. The Granger causality … tests confirm this result and validate the presence of bidirectional causal relationship between investment and saving …
Persistent link: https://www.econbiz.de/10013084409