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policy-related uncertainty. Examining the relationship of these indices with investment on a longitudinal panel of 3 … uncertainty to investment. Our preferred specification suggests that a one standarddeviation increase in Brexit uncertainty … foreshadows a reduction in investment by 8% on average in the following year. Besides we find that the uncertainty associated with …
Persistent link: https://www.econbiz.de/10012422065
policy-related uncertainty. Examining the relationship of these indices with investment on a longitudinal panel of 3 … uncertainty to investment. Our preferred specification suggests that a one standard-deviation increase in Brexit uncertainty … foreshadows a reduction in investment by 8% on average in the following year. Besides we find that the uncertainty associated with …
Persistent link: https://www.econbiz.de/10012834665
structural vector autoregression model to study the relationship between different sources of uncertainty and investment in … between investment and uncertainty across and within countries. For example, while investment in France, Italy and Spain … reacts strongly to political uncertainty shocks, in Germany investment is more sensitive to trade uncertainty shocks …
Persistent link: https://www.econbiz.de/10012844456
firms' investment ratio. Changes in user costs are significantly affected by changes in the monetary policy indicator. In … addition, firm specific balance sheet characteristics, such as the lagged cash stock to capital ratio influence the investment …
Persistent link: https://www.econbiz.de/10011604157
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 … firms. Uncertainty measures are derived from firms’ subjective qualitative expectations. They are close to their theoretical …
Persistent link: https://www.econbiz.de/10011604393
structural vector autoregression model to study the relationship between different sources of uncertainty and investment in … between investment and uncertainty across and within countries. For example, while investment in France, Italy and Spain … reacts strongly to political uncertainty shocks, in Germany investment is more sensitive to trade uncertainty shocks. …
Persistent link: https://www.econbiz.de/10012389562
This paper analyses the impact that firms financial position has on investment decisions using panel data from a large … pressure appears relevant in explaining investment dynamics when it is proxied by cash flow, indebtedness and debt burden. The … results also show differences in the sensitivity of investment rates to changes in financial pressure across countries, which …
Persistent link: https://www.econbiz.de/10011604989
This paper analyses the impact that firms' financial position has on investment decisions using panel data from a large … pressure appears relevant in explaining investment dynamics when it is proxied by cash flow, indebtedness and debt burden. The … results also show differences in the sensitivity of investment rates to changes in financial pressure across countries, which …
Persistent link: https://www.econbiz.de/10012770328
Embedding the efficient bargaining model into the Hall (1988) approach for estimating price-cost margins shows that both imperfections in the product and labor markets generate a wedge between factor elasticities in the production function and their corresponding shares in revenue. This article...
Persistent link: https://www.econbiz.de/10011604828
In this paper I address the question to what extent wages are affected by product market uncertainty. Implicit contract …
Persistent link: https://www.econbiz.de/10011605010