relative to the present is reduced. Hence, due to a rise in terror activity, investment goes down, and in the long run income … and welfare. Next, we show that this theory of terror and the economy helps to understand changes in trend and business …

and investment, so it may take some time before an unemployed worker finds a job. Wages are determined by bargaining. A … subsidize entrepreneurial investment (there is a wage bargaining distortion and a search externality), simulations show that the …

fertility, and lower investment in physical and human capital. Furthermore, the feedback effect from economic prosperity to …

and investment. When the share of output that accrues to the owners of natural resources rises, the demand for capital … allocation of capital may, however, enhance the quantity as well as the quality of new investment and sustain growth. Empirical … thereby inhibiting economic growth. The results also suggest that abundant natural resources may hurt saving and investment …

predicted by the theory. …

Using firm-level data, we provide evidence that, although monetary policy affects real investment, the effect operates …

-industrial sector. The interaction of investment with unemployment creates a channel for potentially divergent long-run outcomes. If the …

(and trade-off between) investment and wages in Slovenian firms. We find that investment behaviour is more consistent with … display a trade-off between investment and wages, and workers share in firms’ surplus and appropriate funds that are supposed … to be used for depreciation investment. Most findings are consistent with the principal theoretical models of …

well as on the theory of submodular games, we are able to show that a subgame perfect equilibrium always exists and to …