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Land Value and Corporate Investment: Evidence from Japanese Panel Data

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Author Info
Ogawa, K.
Suzuki, K.

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Abstract

Based on a panel data set of the Japanese corporations, we investigate into the collateral role of the land assets. We estimate the Euler equation of investment decision rule by the GMM when the corporations face borrowing constraints.

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Publisher Info
Paper provided by Osaka - Institute of Social and Economic Research in its series Papers with number 408.

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Length: 32 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:fth:osakae:408

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Postal: OSAKA UNIVERSITY, THE INSTITUTE OF SOCIAL AND ECONOMIC RESEARCH(I.S .E.R.), 6-1 MIHOGAOKA IBARAKI OSAKA 567 JAPAN
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Web page: http://www.iser.osaka-u.ac.jp/
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Related research
Keywords: INVESTMENTS JAPAN CAPITAL CORPORATIONS

Other versions of this item:

Find related papers by JEL classification:
C20 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - General
C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data
E20 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
E22 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity

Cited by:
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  1. Fumio Hayashi & Edward C. Prescott, 2000. "The 1990s in Japan: a lost decade," Working Papers 607, Federal Reserve Bank of Minneapolis.
    Other versions:
  2. Günter Weinert, 2001. "What Went Wrong in Japan : A Decade-Long Slump," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 70(4), pages 460-475. [Downloadable!] (restricted)
  3. Tamim Bayoumi, 1999. "The Morning After: Explaining the Slowdown in Japanese Growth in the 1990s," NBER Working Papers 7350, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  4. Claudio Morana, 2004. "The Japanese Deflation: Has It Had Real Effects? Could It Have Been Avoided?," ICER Working Papers 29-2004, ICER - International Centre for Economic Research. [Downloadable!]
  5. Towa Tachibana & Sekine & Toshitaka, 2004. "Land Investment by Japanese Firms during and after the Bubble Period," Econometric Society 2004 Far Eastern Meetings 631, Econometric Society. [Downloadable!]
  6. Charles Ka Yui Leung & Nan-Kuang Chen, 2006. "Intrinsic Cycles of Land Price: A Simple Model," Journal of Real Estate Research, American Real Estate Society, vol. 28(3), pages 293-320. [Downloadable!]
    Other versions:
  7. Claudio Morana, 2005. "The Japanese deflation: has it had real effects? Could it have been avoided?," Applied Economics, Taylor and Francis Journals, vol. 37(12), pages 1337-1352, July. [Downloadable!] (restricted)
  8. Ian H.K. Leow, 2004. "A Simple Dynamic Model of Big-push," Econometric Society 2004 Australasian Meetings 218, Econometric Society. [Downloadable!]
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