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Article
Financial and labor market imperfections and investment
Economics Letters (2009)
  • Enrico Saltari
  • Giorgio Calcagnini, University of Urbino
  • Germana Giombini, University of Urbino
Abstract

This paper analyses how financial and labor market imperfections jointly influence investment. The contemporaneous presence of imperfections gives rise to a negative correlation between EPL and investment. Our results support the policies promoted by European institutions to reform both markets.

Keywords
  • Investment models Financing constraints Labor protection legislation Panel data models
Disciplines
Publication Date
2009
Citation Information
Enrico Saltari, Giorgio Calcagnini and Germana Giombini. "Financial and labor market imperfections and investment" Economics Letters Vol. 102 (2009)
Available at: http://works.bepress.com/germana_giombini/1/