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We have investigated the influence of fiscal instruments, notably taxes on income and government spending, on household … consumption in two different samples and two measures of household debt to provide a comprehensive analysis of the topic. We used … dynamic panel models and the GMM approach for 32 advanced and emerging countries from 1995 to 2019. Our findings suggest that …
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Firm investment, Intangible assets, Loan terms, Credit constraint, Survey data, Instrumental variable approachUsing European firm-level data from a new survey, the EIBIS, we document the effect of bank loan terms on investment in intangible assets of non-financial corporations. We show that...
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government debt to GDP and the household debt to total household income. The estimation of the model is made feasible through the …In the present paper it will be pointed out with a panel data econometric model that there is a trade-off between …
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After the collapse in the early transition years, saving rates in Eastern European EU-accession countries have recovered strongly. But is private saving in these countries now driven by the same forces as in the EU? A GMM estimator is applied to analyze the determinants of private saving in both...
Persistent link: https://www.econbiz.de/10014065939
Europe. We find that (i) larger firms are less efficient than smaller firms, (ii) greater leverage contributes to corporate …
Persistent link: https://www.econbiz.de/10010510115