scholarly journals Estimating the Long-Run User Cost Elasticity

2002 ◽  
Author(s):  
Huntley Schaller
Keyword(s):  
User Cost ◽  
Cost Elasticity ◽  
Long Run ◽  
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 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

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 META-ANALYSIS OF MONEY DEMAND IN INDONESIA

2012 ◽  
Vol 15 (1) ◽  
pp. 41-62
Author(s):  
Galih Riyandi
Keyword(s):  
Money Demand ◽  
Opportunity Cost ◽  
Fixed Effects ◽  
Income Elasticity ◽  
Meta Analysis ◽  
Demand For Money ◽  
Cost Elasticity ◽  
Classification Code ◽  
Long Run ◽  
Short Run

Theory and empirical study about demand for money is the key feature in macroeconomics theory. The study about demand for money in Indonesia has been developing with various techniques. Its result in various analyses can be difficult in understanding behaviour of demand for money in Indonesia. This paper aims to find out the tendency of demand for money in Indonesia by analyzing long run and short run income elasticity and opportunity cost elasticity. We use fixed effects meta-analysis and unweighted average meta-analysis. The result shows that income elasticity and opportunity cost elasticity are consistent with theory of money demand. That result can be used as an empirical foundation to future study about demand for money in Indonesia.  Keywords: demand for money, meta analysis, fixed effects.JEL Classification code: E41, E52

scholarly journals ANALISIS META PERMINTAAN UANG DI INDONESIA

2012 ◽  
Vol 15 (1) ◽  
pp. 39-60
Author(s):  
Galih Riyandi
Keyword(s):  
Opportunity Cost ◽  
Fixed Effects ◽  
Income Elasticity ◽  
Meta Analysis ◽  
Demand For Money ◽  
Cost Elasticity ◽  
Classification Code ◽  
Long Run ◽  
Short Run ◽  
Empirical Foundation

Theory and empirical study about demand for money is the key feature in macroeconomics theory. The study about demand for money in Indonesia has been developing with various techniques. Its result in various analyses can be difficult in understanding behaviour of demand for money in Indonesia. This paper aims to find out the tendency of demand for money in Indonesia by analyzing long run and short run income elasticity and opportunity cost elasticity. We use fixed effects meta-analysis and unweighted average meta-analysis. The result shows that income elasticity and opportunity cost elasticity are consistent with theory of money demand. That result can be used as an empirical foundation to future study about demand for money in Indonesia.Keywords: demand for money, meta analysis, fixed effects.JEL Classification code: E41, E52

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