Please use this identifier to cite or link to this item: https://olympias.lib.uoi.gr/jspui/handle/123456789/29882
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dc.contributor.authorSyrogiannouli, Lamprinien
dc.date.accessioned2020-05-27T09:41:30Z-
dc.date.available2020-05-27T09:41:30Z-
dc.identifier.urihttps://olympias.lib.uoi.gr/jspui/handle/123456789/29882-
dc.identifier.urihttp://dx.doi.org/10.26268/heal.uoi.9778-
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 United States*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/us/*
dc.subjectInvestmenten
dc.subjectPublic investmenten
dc.subjectPrivate investmenten
dc.subjectCrowding-in effecten
dc.subjectCrowding-out effecten
dc.subjectΕπένδυσηel
dc.subjectΔημόσια επένδυσηel
dc.subjectΙδιωτική επένδυσηel
dc.subjectΑποτέλεσμα εκτοπίσεωςel
dc.subjectΑποτέλεσμα προωθήσεωςel
dc.titleAddressing direct crowding in/out by deriving and estimating an euler equation for investmenten
dc.titleΕξετάζοντας το φαινόμενο προωθήσεως ή εκτοπίσεως εξάγωντας και εκτιμώντας μίας εξίσωσης Euler για επένδυσηel
heal.typedoctoralThesis-
heal.type.enDoctoral thesisen
heal.type.elΔιδακτορική διατριβήel
heal.classificationInvestment-
heal.dateAvailable2020-05-27T09:42:30Z-
heal.languageen-
heal.accessfree-
heal.recordProviderΠανεπιστήμιο Ιωαννίνων. Σχολή Οικονομικών και Διοικητικών Επιστημών. Τμήμα Οικονομικών Επιστημώνel
heal.publicationDate2019-
heal.bibliographicCitationΒιβλιογραφία: σ. 63-71el
heal.abstractI solve a discrete-time dynamic problem of profit maximization of the representative firm witha power-series adjustment cost function. I focus on the effect of government investment and ofseveral quality-of-institutions variables, such as control of corruption, political stability, andgovernment effectiveness, on private investment. To address this issue, I derive and estimatean Euler equation for investment (EEI) by Dynamic Programming as well as by Calculus-ofVariations. I estimate the EEI using the method of Generalized Methods of Moments (GMM)and annual aggregate data from a panel of 27 OECD countries over the period 1995-2015, aswell as from an expanded panel of 32 countries, to check the robustness of the estimates tosubstantial changes in the sample. My main findings are as follows: First, a crowding-in effectexists, i.e., government investment encourages private investment. Second, the conventional(quadratic) adjustment-cost function is too restrictive, whereas the power-series adjustmentcost function performs better. Third, according to the literature, previous specifications of theEEI fail empirically, whereas the one used here fares better.en
heal.advisorNameΧατζηνικολάου, Δημήτριοςel
heal.committeeMemberNameΧατζηνικολάου, Δημήτριοςel
heal.committeeMemberNameΚατρακυλίδης, Κωνσταντίνοςel
heal.committeeMemberNameΝούλας, Αθανάσιοςel
heal.committeeMemberNameΠαπαπανάγος, Χαράλαμποςel
heal.committeeMemberNameΣιδηρόπουλος, Μωϋσήςel
heal.committeeMemberNameΣίμος, Θεόδωροςel
heal.committeeMemberNameΦουντάς, Στυλιανόςel
heal.academicPublisherΠανεπιστήμιο Ιωαννίνων. Σχολή Οικονομικών και Διοικητικών Επιστημών. Τμήμα Οικονομικών Επιστημώνel
heal.academicPublisherIDuoi-
heal.numberOfPagesxiii, 75 σ.-
heal.fullTextAvailabilitytrue-
Appears in Collections:Διδακτορικές Διατριβές - ΟΕ

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