haku: @indexterm Greece / yhteensä: 288
viite: 175 / 288
| Tekijä: | Voridis, H. |
| Otsikko: | Ceilings on interest rates and investment: the example of Greece |
| Lehti: | Review of Economics and Statistics
1993 : MAY, VOL. 75:2, p. 276-283 |
| Asiasana: | INTEREST RATES INVESTMENT GREECE |
| Kieli: | eng |
| Tiivistelmä: | This paper examines the influence of credit conditions on private investment, under financial repression, in Greece. Three flexible accelerator investment specifications are estimated. Alternative measures are tried for the dependent and independent variables. The reported equations are selected by a simple sequential specialization procedure. The empirical results confirm the existence of an important, but lagged, effect of bank finance on investment. This reflects credit rationing, due to interest rate controls , in the Greek banking system. |
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