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investment expenditure is crowded-out by public spending in the short-run. In this contribution, we address this empirical fact … accommodating the observed negative relationship between investment and government expenditure. Our numerical experiments point out … fiscal expansion crowds-out real consumption by a smaller amount and investment by a larger one, while the current account …
Persistent link: https://www.econbiz.de/10008794054
A man is a key subject of economics. “A man is irrational” - this opinion can be made from Allais paradox, risk aversion and other well-known fundamental problems. For a long time, this opinion was a barrier to proper solution of these problems and the development of the economics. A...
Persistent link: https://www.econbiz.de/10008794157
among countries having similar structural characteristics (same rates of investment, of capitaldepreciation, of demographic … the assumption that the nature of technical progress is not the same one according to the type of investment that is … realized. We first deduce from this assumption relations between investment, production and employment. Then, by introducing …
Persistent link: https://www.econbiz.de/10008794221
term investment incentives in a dynamic programming problem faced by innovators who learn over time about SOX's effect …
Persistent link: https://www.econbiz.de/10008794665
interactions between financial variables and investment. The article is based on the flow of funds accounts of INSEE which provide …
Persistent link: https://www.econbiz.de/10008794858
This paper empirically investigates the impact of GDP volatility on current account balances for a large sample of developed and developing countries. We extend the standard set of short- and long-term determinants of current accounts to include GDP volatility computed from the annual growth...
Persistent link: https://www.econbiz.de/10008799599
Investment is the sum of the purchases on newly produced capital, changes in business inventories referred to as … inventory investment, and the purchases of new residential housing. The work covered by this study aims to identify the model … that presents, in the best possible way, the method of investment’s calculation and to determine the factors of influence …
Persistent link: https://www.econbiz.de/10008799679
Problems and prospects of industrial and investment development of Russian regions were considered in the article …
Persistent link: https://www.econbiz.de/10008800869
Comparative power-investment attractiveness of the territories is under consideration in the article …
Persistent link: https://www.econbiz.de/10008800873
Investment decisions are, as a rule, characterized by uncertainty, irreversibility and flexibility. Simple net present … value calculations will not account for these features. In many situations even flexible investment planning with decision … trees, which represents the most advanced method of traditional investment appraisal, does not have the capacity to solve …
Persistent link: https://www.econbiz.de/10008800961