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formulate a model of financing. New Keynesian theory emphasizes that a firm's net worth influences investment decisions and … banks lending reaction to the net worth ratio is more elastic than investment reaction. When the steady state is the saddle …
Persistent link: https://www.econbiz.de/10011551998
role of rising rates of investment. Because labor reallocation across sectors, TFP growth at the sector level and … investment are all inter-related, simple growth decompositions that are often used in the literature are not appropriate for … continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …
Persistent link: https://www.econbiz.de/10010269571
holds for the microeconomic response of some of the most important economic variables, such as investment, labor demand, and … actual response to shocks is less than half as fast as the estimated response. For investment, labor demand and prices, the …, even after aggregating investment across all establishments in U.S. manufacturing, the estimate of its speed of adjustment …
Persistent link: https://www.econbiz.de/10010369179
Theoretical models point at various channels of the impact of inflation on corporate investment. This article attempts … corporate investment and inflation on the sample of 21 OECD countries in the years 1960-2005. The obtained negative relationship … this relationship: the marginal effect on corporate investment is higher at inflation rates between 3 and 5.5 per cent …
Persistent link: https://www.econbiz.de/10010312014
The paper presents a monetary policy model with an endogenous capital stock when a backwardlooking element in wage setting causes inflation persistence. We analyse how the endogeneityof the capital stock changes the macroeconomic dynamics with which policy interacts and itsimplications for...
Persistent link: https://www.econbiz.de/10005870253
Im Auftrag der Stiftung Familienunternehmen befragte das ifo Institut mehr als 1 400 Familien- und Nicht-Familienunternehmen, wie die Konkurrenzintensität zu chinesischen Unternehmen bzw. deren Produkten im europäischen Binnenmarkt ist und wie sich die Europäische Union gegenüber der...
Persistent link: https://www.econbiz.de/10012206832
certainty is that OBOR commands powerful high-level Chinese support and is backed by a large investment of political capital. It … unclear how much new investment OBOR has generated, how far it makes economic or geo-political sense or, indeed, how far China …
Persistent link: https://www.econbiz.de/10011790291
integration will trigger a race between countries to attract inward foreign direct investment (FDI). It is further argued that … inward FDI (the 'elements' of the race) deviate from those of long-term efforts to develop a favourable investment climate …
Persistent link: https://www.econbiz.de/10010320032
chain. We analyze policies in Germany and China, including deployment support, investment support for manufacturing plants … support has been successful, investment support for manufacturing in these nations has not been sufficiently tied to …
Persistent link: https://www.econbiz.de/10010286290
. However most studies have ignored investment as one main determinant. In the famous Lewis? model, the savings of farm … households for non-farm investment are not considered, because in most cases it is difficult to sort out capitalists from the … investment as a saving incentive, because there are no large or small capitalists and landlords available after the agriculture …
Persistent link: https://www.econbiz.de/10010265909