Outputs (2)

Why do Hurdle Rates Differ from the Cost of Capital? (2010)
Journal Article
Driver, C., & Temple, P. (2010). Why do Hurdle Rates Differ from the Cost of Capital?. Cambridge Journal of Economics, 34(3), 501-523. https://doi.org/10.1093/cje/bep013

This article considers the role of hurdle rates in the analysis of investment decisions, analysing a sample of business units from the PIMS (Profit Impact of Marketing Strategy) databank of North American companies, which provides rarely observed dat... Read More about Why do Hurdle Rates Differ from the Cost of Capital?.

Capital Investment and Unemployment in Europe: Neutrality or Not? (2010)
Journal Article
Driver, C., & Muñoz-Bugarin, J. (2010). Capital Investment and Unemployment in Europe: Neutrality or Not?. Journal of Macroeconomics, 32(1), 492-496. https://doi.org/10.1016/j.jmacro.2009.03.003

Productivity variables are often said to have no effect on the NAIRU under wage bargaining as the labour share is unaffected when production is characterised by a unit elasticity of substitution. While production functions such as the CES can explain... Read More about Capital Investment and Unemployment in Europe: Neutrality or Not?.