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Effects of Tax Depreciation Rules on Firms' Investment Decisions: A Comparison of European Transition Countries

Nam, Chang Woon; Radulescu, Doina Maria - In: CESifo DICE Report 01 (2003) 2, pp. 52-55

Persistent link: https://www.econbiz.de/10011696432

Design-based identification with formula instruments: A review

Borusyak, Kirill; Hull, Peter; Jaravel, Xavier - 2023

Many studies in economics use instruments or treatments which combine a set of exogenous shocks with other predetermined variables by a known formula. Examples include shift-share instruments and measures of social or spatial spillovers. We review recent econometric tools for this setting, which...

Persistent link: https://www.econbiz.de/10014480549

Identification based on higher moments

Lewis, Daniel J. - 2024

Identification based on higher moments has drawn increasing theoretical attention and been widely adopted in empirical practice in macroeconometrics in the last two decades. This article reviews two parallel strands of the literature: identification strategies based on heteroskedasticity and...

Persistent link: https://www.econbiz.de/10014480567

The relevance of Haavelmo's macroeconomic theorizing for contemporary macro policy making

Chand, Sheetal K. - 2012

The recent great financial crisis and the ensuing deep recessions have placed in sharp relief the fundamental issue of how financial factors, including financial instability, interact with the real economy. In order to understand the nature of these interactions and formulate policies that would...

Persistent link: https://www.econbiz.de/10010330242

Venture Capital in Bank- and Market-based Economies

Saillard, Adeline; Url, Thomas - 2011

The determinants of venture capital investment have attracted a significant amount of attention from both academics and … from a panel of 19 industrialised countries to support the hypothesis that venture capital thrives within market …

Persistent link: https://www.econbiz.de/10011435308

Simplified implementation of the Heckman estimator of the dynamic probit model and a comparison with alternative estimators

Arulampalam, Wiji; Stewart, Mark B. - 2007

This paper presents a convenient shortcut method for implementing the Heckman estimator of the dynamic random effects probit model using standard software. It then compares the three estimators proposed by Heckman, Orme and Wooldridge based on three alternative approximations, first in an...

Persistent link: https://www.econbiz.de/10010268488

Robust estimation and inference in panels with interactive fixed effects

Armstrong, Timothy B.; Weidner, Martin; Zeleneev, Andrei - 2023

We consider estimation and inference for a regression coefficient in panels with interactive fixed effects (i.e., with a factor structure). We show that previously developed estimators and confidence intervals (CIs) might be heavily biased and size-distorted when some of the factors are weak. We...

Persistent link: https://www.econbiz.de/10014480692

Panel data model comparison for empirical saving-investment relations

Herwartz, Helmut; Xu, Fang - 2006

The low capital mobility among OECD countries, signalled by a high saving-investment (SI) relation and known as the … static panel models. Thirdly, via scatter diagrams of cross section specific estimates we observe a different time evolution …

Persistent link: https://www.econbiz.de/10010296259

A comparison of dynamic panel data estimators: Monte Carlo evidence and an application to the investment function

Behr, Andreas - 2003

In our analysis we discuss several dynamic panel data estimators proposed in the literature and assess their …-estimator proposed by Arellano and Bond (1991). Turning to the empirical comparison, we find that the different estimators lead to the … same conclusions concerning the investment behaviour of German manufacturing firms based on the Deutsche Bundesbank …

Persistent link: https://www.econbiz.de/10010295751

Does inflation harm corporate investment? Empirical evidence from OECD countries

Ciżkowicz, Piotr; Rzońca, Andrzej - In: Economics: The Open-Access, Open-Assessment E-Journal 7 (2013) 2013-16, pp. 1-38

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