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In earlier work we documented two episodes in which a sharp fiscal consolidation was associated with a very large expansions in private domestic demand. In this paper we draw on further evidence to investigate if and when fiscal policy changes can have such non-Keynesian effects. In the first...
Persistent link: https://www.econbiz.de/10013217936
In 1990, the government of Sweden introduced a major tax reform to take effect in 1991. The Swedish system prior to the … for investment in equipment and find that the responsiveness of Swedish firms to the user cost is quite similar to that … impact of the reform on investment is likely to have been minor and had little to do with the contemporaneous sharp drop in …
Persistent link: https://www.econbiz.de/10013213426
In this paper I attempt to replicate for Sweden the Corrado, Hulten and Sichel (2006) and Marrano and Haskel (2006 … intangibles in Sweden in 2004 was 277 billion SEK or 10.6 percent of total GDP. Based on total spending it can be estimated that … total investment in intangibles was 227 billion or approximately two-thirds of the total investment in fixed capital in 2004 …
Persistent link: https://www.econbiz.de/10013148979
In the 1980s, there was a huge increase in the outflow of foreign direct investment from Sweden to the EC. The EC … consistent with the assumption that different investment projects are competing for scarce funds …
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channels of the capital stock effects, i.e. using variables like interest rates or investment ratios in the estimation of … derive from the temporary (albeit prolonged) negative shocks to capital stock growth in Denmark and Sweden, and the permanent … impact in Finland than in its twin economy, Sweden …
Persistent link: https://www.econbiz.de/10013316800
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This paper uses a neoclassical investment model extended with installation costs for capital, agency costs for … investment financing, and the possibility of the firm being output constrained as a framework for an empirical analysis of … investment behaviour in the Swedish manufacturing industry. The theory is implemented within a multivariate error …
Persistent link: https://www.econbiz.de/10011583518