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Paper deals with the analysis of investment in the business cycle. Analysis is based on available quarterly data for … the Czech Republic since 1st quarter 1999 till 1st quarter 2014. It concludes that investment on the macroeconomic level … is highly pro-cyclical component of demand, which fluctuates in the business cycle more than GDP. Investment of …
Persistent link: https://www.econbiz.de/10011195354
Investment business environment and its regulation and liberalization have a great importance and impact on decisions … of international investors and following flows of foreign direct investment. Investment protectionism is considered by … international framework that is implemented into the EU investment regulation and regulation of the Member States. The framework is …
Persistent link: https://www.econbiz.de/10011195508
with investment effort determines productive investment. In turn, this one affects the capital-labour ratio and labour …
Persistent link: https://www.econbiz.de/10011195835
Financial innovations that change how promises are collateralized can affect investment, even in the absence of any … change in fundamentals. In C-models, the ability to leverage an asset always generates over-investment compared to Arrow … Debreu. The introduction of CDS always leads to under-investment with respect to Arrow Debreu, and in some cases even …
Persistent link: https://www.econbiz.de/10011196013
We show that financial innovations that change the collateral capacity of assets in the economy can affect investment … an asset by selling non-contingent promises can generate over-investment compared to the Arrow-Debreu level. Second, we … show that the introduction of naked CDS can generate under-investment with respect to the Arrow-Debreu level. Finally, we …
Persistent link: https://www.econbiz.de/10011196014
This paper analyzes the investments of the Italian mechanical firms with a model with simultaneous investments and financial structure. In our empirical specification the neoclassical and the new-keynesian «excess sensitivity» models are empirically contrasted as two sub-cases of a more...
Persistent link: https://www.econbiz.de/10011196128
-period world with identical homothetic preferences and without investment, the global interest rate falls and the Green Paradox … weakens. With investment or a relatively more impatient oil-importing region, the Green Paradox may be strengthened because …
Persistent link: https://www.econbiz.de/10011196454
An information transaction entails the purchase of information. Formally, it consists of an information structure together with a price. We develop an index of the appeal of information transactions, which is derived as a dual to the agent's preferences for information. The index of information...
Persistent link: https://www.econbiz.de/10011196577
considered a primary energy source, free and safe, an investment recoverable in record time and satisfactory to the investor and …
Persistent link: https://www.econbiz.de/10011198559
be long lasting and associated with significant effects on current accounts, wages and investment. Adjustment episodes …. The adjustment is generally achieved by reducing investment and increasing savings on the back of a falling wage share. A …
Persistent link: https://www.econbiz.de/10011198683