Financial and labor market imperfections and investment

被引：25

作者：

Calcagnini, Giorgio ^{[1
]}

Giombini, Germana ^{[1
]}

Saltari, Enrico ^{[2
]}

机构：

[1] Univ Urbino Carlo Bo, Fac Econ, Urbino, Italy

[2] Univ Roma La Sapienza, Dipartimento Econ Pubbl, Rome, Italy

来源：

ECONOMICS LETTERS | 2009年 / 102卷 / 01期

关键词：

Investment models; Financing constraints; Labor protection legislation; Panel data models; UNCERTAINTY; MODELS;

D O I：

10.1016/j.econlet.2008.10.005

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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. (C) 2008 Elsevier B.V. All rights reserved.

引用

页码：22 / 26

页数：5

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