English, Article, Journal or magazine article edition: Measuring the Functional Efficiency of Capital Markets Johan E. Eklund; Sameeksha Desai

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Bookmark: http://trove.nla.gov.au/version/896
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Measuring the Functional Efficiency of Capital Markets
Author
  • Johan E. Eklund
  • Sameeksha Desai
Physical Description
  • preprint
Notes
  • We apply the accelerator principle to measure the functional efficiency of capital markets. We estimate the elasticity of capital with respect to output using a panel of firms across 44 countries, and compare the results with existing approaches. Furthermore, we correlate our measure with corporate governance institutions.
  • Allocation of capital, accelerator principle, functional efficiency
  • RePEc:jrp:jrpwrp:2008-051
Language
  • English
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