The Buy-to-Build Indicator: New Estimates for Britain and the United States

The Buy-­to-­Build Indicator New Estimates for Britain and the United States JOSEPH A. FRANCIS October 2013 Abstract This note presents new long-term estimates of what Jonathan Nitzan and Shimshon Bichler have named the ‘buy-­to-­build indicator’, which is calculated as the value of mergers and acquisitions as a percentage of gross capital formation. Keywords Britain, buy-to-build […]

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