Government intervention and the cost of capital to Irish manufacturing-industry
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1984Access:
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Frances P. Ruane, A. Andrew John, 'Government intervention and the cost of capital to Irish manufacturing-industry', Economic and Social Research Institute, Economic and Social Review, Vol.16, No. 1, 1984, 1984, pp31-50Download Item:
Abstract:
This paper derives some general expressions for the debt cost of capital to the Irish manufacturing sector, incorporating the interaction between fiscal and financial policies. A range of estimates of the actual cost (per cent per annum) of fixed assets in manufacturing is presented for the period 1958-1982. The estimates reinforce the findings of earlier studies that government intervention designed to encourage industrial employment has dramatically reduced the relative cost of capital to labour over the past twenty-five years.
Author: Ruane, Frances P.; John, A. Andrew
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Economic & Social StudiesType of material:
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Economic and Social ReviewVol.16, No. 1, 1984
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0012-9984Metadata
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