Knolle, Julia; Lehmann, Kai - 2016 - This version: 26 April 2016
cost of capital (WACC), which are employed by firms in their investment appraisals as a benchmark return. The paper uses an …Does the world experience a secular decline in capital productivity? Due to the long-run downward trend in interest … rates, some economists do think so. However, this reasoning equates capital productivity with interest, which is a critical …