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This paper compares the relationship between growth, investment and financing of the contracting operations with that … changes in the levels of capital investment and the sources and uses of finance of these two activities during a period of … turnover with negligible recourse to additional capital investment but in fact generated surplus funds which could be diverted …
Persistent link: https://www.econbiz.de/10005633136
This article analyses the effects of the real value of the dollar on investment in US domestic manufacturing using … previous study. The exchange rate affects investment mainly, although not exclusively, through the channel of financial or … manufacturing investment would have been 61% higher and the capital stock would have been 17% higher in 2004 if the dollar had not …
Persistent link: https://www.econbiz.de/10005633287
Public investment constitutes one of the main instruments of regional policies. The existence of a direct link between … infrastructure and regional income per capita is usually accepted. Literature also describes a positive effect of public investment … productive and social public investment (especially in education) on private investment. The spillover effects generated by the …
Persistent link: https://www.econbiz.de/10005633290
sector this paper shows that investment incentives may vary depending on the applied auction scheme. The model is designed as … a two stage game, where the franchisee decides about investment on the first and competes with a potential market … entrant on the second stage. Investment tends to be higher in sealed bid auctions than in an English auction, since the …
Persistent link: https://www.econbiz.de/10005634665
Monthly data in physical units for seven industries are used to examine the production smoothing hypothesis. The results strongly support this hypothesis. Significant effects of expected future sales on current production are found for four industries, and the estimated decision equations for...
Persistent link: https://www.econbiz.de/10005634713
Recent theoretical developments relating to investment under uncertainty have highlighted the importance of … irreversibility for the timing of investment expenditures and their expected returns. This has subsequently stimulated a growing … empirical literature which examines uncertainty and threshold effects of investment behaviour. This paper presents a review of …
Persistent link: https://www.econbiz.de/10005635155
We estimate the effect of demand and price uncertainty on firms’ investment decisions from a panel of manufacturing … investment, while price uncertainty is insignificant. This is consistent with the behavior of monopolistic firms with … irreversible capital (Caballero, 1991). Further, firms revise their investment plans very little. They may do so in response to new …
Persistent link: https://www.econbiz.de/10005227542
, international trade, international investment, international antitrust, human rights law, conflicts of law, and the international …
Persistent link: https://www.econbiz.de/10005227965
The interpretation of the correlation between cash flow and investment is highly controversial. Some argue that it is … caused by financial constraints, others by the correlation between cash flow and investment opportunities that are not … opportunities available only to insiders and thus not included in Q. When this variable is added in investment regressions, the …
Persistent link: https://www.econbiz.de/10005232490
There is growing interest in economic uncertainty and its long run impact on investment. In previous work the authors … established clear evidence of the negative impact of exchange rate uncertainty on investment in the G7, measured using a GARCH … approach, and Pooled Mean Group Panel Estimation. In this paper we assess the impact on investment of temporary and permanent …
Persistent link: https://www.econbiz.de/10005232515