| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP979 |
| DP979 Uneven Technical Progress and Job Destructions | |
| Daniel Cohen; Gilles Saint-Paul | |
| 发表日期 | 1994-06-30 |
| 出版年 | 1994 |
| 语种 | 英语 |
| 摘要 | The main aims of this paper are, first, to construct a consistent comparative set of data on the sources of finance for investment over the period 1970--89 for Germany, Japan, the United Kingdom and the United States and second, to challenge some conventional views of the international differences in financing patterns. The paper documents the substantial problems of international comparisons, and argues that net sources and using data based on National Income Accounts provide the most appropriate and consistent information. We conclude that there is no `market-based' Anglo-US pattern of financing of industry. Germany, the United Kingdom and the United States are internally financed with small or negative contributions from market sources. Japan has been more externally financed with both banks and markets contributing larger shares than in the former group. Over the 1980s, the period of financial liberalization, all countries, except Japan, have become more internally and less market financed. |
| 主题 | Financial Economics ; Industrial Organization |
| 关键词 | Corporate finance International comparisons investment |
| URL | https://cepr.org/publications/dp979 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530118 |
| 推荐引用方式 GB/T 7714 | Daniel Cohen,Gilles Saint-Paul. DP979 Uneven Technical Progress and Job Destructions. 1994. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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