scholarly journals The 'Elusive' Capital-User Cost Elasticity Revisited

2007 ◽  
Vol 2007 (25) ◽  
pp. 1-30
Author(s):  
Brahima Coulibaly ◽  
◽  
Jonathan N. Millar
Keyword(s):  
User Cost ◽  
Cost Elasticity ◽  
User Cost Elasticity

User Cost Elasticity of Capital Revisited

Economica ◽  
2013 ◽  
Vol 81 (321) ◽  
pp. 161-186 ◽  
Author(s):  
Nadja Dwenger
Keyword(s):  
User Cost ◽  
Cost Elasticity ◽  
User Cost Elasticity

Is the Interest Rate Channel still working? Post-Crisis Evidence from German SMEs

2020 ◽  
Vol 0 (0) ◽  
Author(s):  
Juliane Gerstenberger
Keyword(s):  
Interest Rate ◽  
Investment Decisions ◽  
User Cost ◽  
Crisis Period ◽  
Cost Elasticity ◽  
The Interest Rate ◽  
User Cost Elasticity ◽  
Negative Expectations ◽  
Unique Dataset ◽  
Interest Rate Channel

AbstractUsing a unique dataset from German small and medium-sized enterprises (SMEs), we test whether pessimistic business expectations have impeded the functioning of the interest rate channel during the post-crisis period. We estimate firms’ user cost elasticity of capital for the period 2008–2015, and test whether this elasticity differs for firms that hold pessimistic business expectations compared with those that hold positive expectations. Our results show that SMEs have significantly responded to changes in the user cost of capital during the post-crisis period. However, the results are mainly driven by SMEs that hold positive business expectations. Firms having neutral or negative expectations depict a much smaller user cost elasticity, which is not statistically different from zero. Our results reveal the limitations of an expansionary monetary policy and confirm the important role that expectations play for firms’ investment decisions.

scholarly journals The "Elusive" Capital-User Cost Elasticity Revisited

2011 ◽  
Vol 11 (1) ◽  
Author(s):  
Brahima Coulibaly ◽  
Jonathan N. Millar
Keyword(s):  
User Cost ◽  
Cost Elasticity ◽  
User Cost Elasticity

scholarly journals Effectiveness of Fiscal Incentives for R&D: Quasi-experimental Evidence

2019 ◽  
Vol 11 (1) ◽  
pp. 266-291 ◽  
Author(s):  
Irem Guceri ◽  
Li Liu
Keyword(s):  
Tax Credits ◽  
Tax Revenue ◽  
User Cost ◽  
Corporation Tax ◽  
The United Kingdom ◽  
Fiscal Incentives ◽  
Elasticity Estimate ◽  
Quasi Experimental ◽  
User Cost Elasticity ◽  
The Universe

We exploit a 2008 UK policy reform that increased the tax incentives for R&D in medium-sized enterprises relative to large ones, to overcome the endogeneity of exposure to such tax credits. We estimate a difference-in-difference design on the universe of corporation tax filings in the United Kingdom, combined with other datasets. We find a positive and significant impact of tax credits for R&D, implying a user-cost elasticity estimate of around −1.6. This magnitude implies around $1 in additional private R&D spending per dollar foregone in tax revenue. (JEL H25, H32, K34, L25, O32)

scholarly journals A Comprehensive Life-Cycle Cost Analysis Approach Developed for Steel Bridge Deck Pavement Schemes

Coatings ◽  
2021 ◽  
Vol 11 (5) ◽  
pp. 565
Author(s):  
Changbo Liu ◽  
Zhendong Qian ◽  
Yang Liao ◽  
Haisheng Ren
Keyword(s):  
Life Cycle ◽  
Life Cycle Cost ◽  
Bridge Deck ◽  
Analysis Approach ◽  
Steel Bridge ◽  
User Cost ◽  
Construction Quality ◽  
Concrete System ◽  
Traffic Conditions ◽  
Bridge Deck Pavement

This study aims to evaluate the economy of a steel bridge deck pavement scheme (SBDPS) using a comprehensive life-cycle cost (LCC) analysis approach. The SBDPS are divided into the “epoxy asphalt concrete system”(EA system) and“ Gussasphalt concrete system”(GA system) according to the difference in the material in the lower layer of the SBDPS. A targeted LCC checklist, including manager cost and user cost was proposed, and a Markov-based approach was applied to establish a life-cycle performance model with clear probability characteristics for SBDPS. Representative traffic conditions were designed using a uniform design method, and the LCC of SBDPS under representative traffic conditions and different credibility (construction quality as a random factor) was compared. The reliability of the LCC analysis approach was verified based on the uncertainty analysis method. Based on an expert-scoring approach, a user cost weight was obtained to ensure it is considered reasonably in the LCC analysis. Compared with the cumulative traffic volume, the cumulative equivalent single axle loads (CESAL) have a closer relationship with the LCC. The GA system has better LCC when the CESAL is less, while the EA system is just the opposite. The breaking point of CESAL for the LCC of the EA system and the GA system is 15 million times. The LCC analysis of SBDPS should consider the influence of random factors such as construction quality. The comprehensive LCC analysis approach in this paper can provide suggestions for bridge-management departments to make a reasonable selection on SBDPS.

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