Credit vs. demand constraints: The determinants of US firm-level investment over the business cycles from 1977 to 2011
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DOI: 10.1016/j.najef.2013.04.002
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- Christian Schoder, 2013. "Credit vs. demand constraints: the determinants of US firm-level investment over the business cycles from 1977 to 2011," IMK Working Paper 106-2013, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
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- Robert A. Blecker, 2015. "Wage-led Versus Profit-led Demand Regimes: The Long and Short of It," Working Papers 2015-05, American University, Department of Economics.
- Musgrave, Ralph S., 2014. "The Solution is Full Reserve / 100% Reserve Banking," MPRA Paper 57955, University Library of Munich, Germany.
- Kai Chang & Ning Lu & Ze Sheng Li & Yi Ran Wang, 2021. "The combined impacts of fiscal and credit policies on green firm's investment opportunity: Evidences from Chinese firm‐level analysis," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(7), pages 1822-1835, October.
- Zabavnik, Darja & Verbič, Miroslav, 2023. "The effects of financial frictions on Slovenian companies: A panel VAR approach," Finance Research Letters, Elsevier, vol. 58(PC).
- Beladi, Hamid & Chao, Chi Chur & Hu, May, 2016. "A macro-analysis of financial decisions: An examination of special dividend announcements," International Review of Financial Analysis, Elsevier, vol. 48(C), pages 162-181.
- Heili Hein & Kadri Männasoo, 2017. "Are business obstacles different for R&D companies?," TUT Economic Research Series 33, Department of Finance and Economics, Tallinn University of Technology.
- D'Elia, Enrico & Morettini, Lucio, 2014. "Business investment during the global crisis: some evidence from the Italian experience," MPRA Paper 61511, University Library of Munich, Germany.
- Ghada Tayem, 2022. "Credit Constraints and Investment-Cash Flow Sensitivity in Declining Economic Conditions: The Role of Reliance on Bank Debt," Economies, MDPI, vol. 10(11), pages 1-15, November.
- Proaño, Christian R. & Schoder, Christian & Semmler, Willi, 2014.
"Financial stress, sovereign debt and economic activity in industrialized countries: Evidence from dynamic threshold regressions,"
Journal of International Money and Finance, Elsevier, vol. 45(C), pages 17-37.
- Proaño, Christian R. & Schoder, Christian & Semmler, Willi, 2014. "Financial Stress, Sovereign Debt and Economic Activity in Industrialized Countries: Evidence from Dynamic Threshold Regressions," Department of Economics Working Paper Series 167, WU Vienna University of Economics and Business.
- Christian Proano & Christian Schoder & Willi Semmler, 2014. "Financial Stress, Sovereign Debt, and Economic Activity in Industrialized Countries: Evidence from Dynamic Threshold Regressions," SCEPA working paper series. 2014-06, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
- Christian R. Proaño & Christian Schoder & Willi Semmler, 2014. "Financial Stress, Sovereign Debt and Economic Activity in Industrialized Countries: Evidence from Dynamic Threshold Regressions," Department of Economics Working Papers wuwp167, Vienna University of Economics and Business, Department of Economics.
- Schoder, Christian, 2014. "Instability, stationary utilization and effective demand: A structuralist model of endogenous cycles," Structural Change and Economic Dynamics, Elsevier, vol. 30(C), pages 10-29.
- Iorio, Francesca Di & Fachin, Stefano, 2014. "Savings and investments in the OECD, 1970–2007: A test of panel cointegration with regime changes," The North American Journal of Economics and Finance, Elsevier, vol. 28(C), pages 59-76.
- Laura Jaramillo & Carlos Mulas†Granados & Joao Tovar Jalles, 2017. "Debt spikes, blind spots, and financial stress," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 22(4), pages 421-437, October.
- Islam, Silvia Z. & Khandaker, Sarod, 2015. "Firm leverage decisions: Does industry matter?," The North American Journal of Economics and Finance, Elsevier, vol. 31(C), pages 94-107.
- Betül Mutlugün, 2022. "Endogenous income distribution and aggregate demand: Empirical evidence from heterogeneous panel structural vector autoregression," Metroeconomica, Wiley Blackwell, vol. 73(2), pages 583-637, May.
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More about this item
Keywords
Investment; Credit constraints; Business cycles; Panel estimation; System GMM;All these keywords.
JEL classification:
- D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
- E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
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