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Are Stock Buybacks Crowding Out Real Investment? Empirical Evidence from U.S. Firms

Turco, Enrico Maria - 2021

We investigate the role of financialization in the decline of investment for U.S. non-financial firms from 1992 - 2017 … to divert resources from real investment to share repurchases to increase stock prices. Using micro-data from U.S. firms … repurchases on capital investment; (ii) to examine the interaction between stock-based CEO pay and the likelihood of share …

Persistent link: https://www.econbiz.de/10013219547

The impact of imports from China on African textile exports

He, Yong - In: Journal of African trade : official journal of the … 7 (2020) 1/2, pp. 60-68

This study uses Comtrade trade data covering 1990-2017, 14 textile subsectors, and 53 African countries with their main trade partners to evaluate Chinese trade impacts on African textile exports over three subperiods at the sector level. It finds that, although textile imports from China had a...

Persistent link: https://www.econbiz.de/10012427672

Output response to government spending : evidence from new international military spending data

Sheremirov, Viacheslav; Spirovska, Sandra - 2015 - This version: July 2015

Using 25 years of military spending data from more than a hundred countries, this paper provides new evidence on the effect of government spending on output. Following a popular assumption that military spending is unlikely to respond to output at business-cycle frequencies - and exploiting...

Persistent link: https://www.econbiz.de/10011305775

The effects of international sanctions on military spending of Iran : a synthetic control analysis

Farzanegan, Mohammad Reza - 2019

We use the synthetic control method to estimate the effect of international banking and energy sanctions from 2012 to 2015 on military spending of Iran. We create a synthetic control group that mimics the socioeconomic characteristics of Iran before the international sanctions of 2012. We then...

Persistent link: https://www.econbiz.de/10012123033

Fiscal multipliers in advanced and developing countries : evidence from military spending

Sheremirov, Viacheslav; Spirovska, Sandra - 2019 - This version: February 2019

Using novel data on military spending for 129 countries in the period 1988-2013, this paper provides new evidence on the effects of government spending on output in advanced and developing countries. Identifying government-spending shocks with an exogenous variation in military spending, we...

Persistent link: https://www.econbiz.de/10011992297

Military spending and innovation : learning from 19th century world fair exhibition data

Danzer, Alexander M.; Danzer, Natalia; Feuerbaum, Carsten - 2023

We provide quantitative evidence on the relationship between military spending and innovation in the 19th century. Combining innovation data from world fairs and historical military data across Europe, we show that national military spending is associated with national innovation towards war...

Persistent link: https://www.econbiz.de/10014249117

Military spending and innovation : learning from 19th century world fair exhibition data

Danzer, Alexander M.; Danzer, Natalia; Feuerbaum, Carsten - 2023

Persistent link: https://www.econbiz.de/10014249922

Does development aid increase military expenditure?

Langlotz, Sarah; Potrafke, Niklas - 2016

The diversion of development aid to the recipient's military may be one explanation why aid is often found to be ineffective in promoting economic growth and development. Previous studies have not derived the causal effects of development aid on military expenditure. Using a new instrumental...

Persistent link: https://www.econbiz.de/10011539046

Does development aid increase military expenditure?

Langlotz, Sarah; Potrafke, Niklas - 2016 - This version: September 2016

The diversion of development aid to the recipient’s military may be one explanation why aid is often found to be ineffective in promoting economic growth and development. Previous studies have not derived the causal effects of development aid on military expenditure. Using a new instrumental...

Persistent link: https://www.econbiz.de/10011542201

Military spending, armed conflict and economic growth in developing countries in the post-cold war ara

Aziz, M. Nusrate; Asadullah, Mohammad Niaz - 2016

This paper re-examines the causal impact of military expenditure on growth in the presence of internal and external threats for the period 1990-2013 using data from 70 developing countries. We find that differences in methods, model specifications, and the underlying estimation sample partly...

Persistent link: https://www.econbiz.de/10011474478