Investment, financing constraints and profit expectations: new macro evidence

Gabe de Bondt and Marie Diron ()

Applied Economics Letters, 2008, vol. 15, issue 8, pages 577-581

Abstract: Regression results show that the external financing costs, the financing gap and profit expectations significantly matter for US and euro area aggregate (nonconstruction) investment. This finding supports the view that external and internal financing constraints hamper investment also at the macro level.

Date: 2008

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