Financial and labor market imperfections and investment

Giorgio Calcagnini, Germana Giombini and Enrico Saltari

Economics Letters, 2009, vol. 102, issue 1, 22-26

Abstract: This paper analyses how financial and labor market imperfections jointly influence investment. The contemporaneous presence of imperfections gives rise to a negative correlation between EPL and investment. Our results support the policies promoted by European institutions to reform both markets.

Keywords: Investment; models; Financing; constraints; Labor; protection; legislation; Panel; data; models (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (36)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:102:y:2009:i:1:p:22-26

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