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dc.contributor.authorEklund, Johan E.en_US
dc.contributor.authorDesai, Sameekshaen_US
dc.date.accessioned2008-07-03en_US
dc.date.accessioned2009-07-27T09:40:45Z-
dc.date.available2009-07-27T09:40:45Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/25732-
dc.description.abstractWe apply the accelerator principle to measure the functional efficiency of capital markets. We estimate the elasticity of capital with respect to output using a panel of firms across 44 countries, and compare the results with existing approaches. Furthermore, we correlate our measure with corporate governance institutions.en_US
dc.language.isoengen_US
dc.publisherUniversität Jena und Max-Planck-Institut für Ökonomik Jenaen_US
dc.relation.ispartofseriesJena economic research papers 2008,051en_US
dc.subject.jelC00en_US
dc.subject.jelG32en_US
dc.subject.jelP00en_US
dc.subject.keywordAllocation of capitalen_US
dc.subject.keywordaccelerator principleen_US
dc.subject.keywordfunctional efficiencyen_US
dc.subject.stwFinanzmarkten_US
dc.subject.stwAllokationseffizienzen_US
dc.subject.stwInvestitionen_US
dc.subject.stwElastizitäten_US
dc.subject.stwTobin's Qen_US
dc.subject.stwUnternehmensentwicklungen_US
dc.subject.stwWertschöpfungen_US
dc.subject.stwCorporate Governanceen_US
dc.subject.stwSchätzungen_US
dc.subject.stwWelten_US
dc.titleMeasuring the functional efficiency of capital marketsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn571271308en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Jena Economic Research Papers, MPI für Ökonomik

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