Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/39460
Full metadata record
DC FieldValueLanguage
dc.contributor.authorWeller, Christian E.en_US
dc.date.accessioned2010-09-01T09:46:20Z-
dc.date.available2010-09-01T09:46:20Z-
dc.date.issued1999en_US
dc.identifier.urihttp://hdl.handle.net/10419/39460-
dc.description.abstractReal investment in Poland declined from 1990 to 1993, and only slowly recovered, while real credit decreasedfor a number of years, too. Has declining credit adversely affected investment? Controlling for industry and timefixed effect, and using dynamic panel data techniques, I estimate an investment model, which includes externaland internal finance as investment determinants. The results suggest that internal and external finance arepositively related to investment. Thus, industries seems to operate under hard budget constraints. Also, internalfinance is more important than external finance in determining investment, thus indicating that credit rationingoccurs. Finally, the effects of external finance are slightly larger among durable goods producing industries thanin non-durable goods producing industries.-
dc.language.isoengen_US
dc.publisher|aZEI |cBonnen_US
dc.relation.ispartofseries|aZEI working paper |xB 04-1999en_US
dc.subject.jelE22-
dc.subject.jelF36-
dc.subject.jelO16-
dc.subject.ddc330en_US
dc.titleThe finance-investment link in a transition economy: Evidence for Poland from panel dataen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn325872325en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zeiwps:B041999-

Files in This Item:
File
Size
262.64 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.