Abstract U.S. firms have reduced their investment in scientific research ("R") compared to product development ("D …"), raising questions about the returns to each type of investment, and about the reasons for this shift. We use Census data that … cost. Companies with greater demand for refinancing during the 2008 financial crisis made larger cuts to R&D investment …

to CNC increased capital investment and experienced higher labor productivity. Total employment rose, with gains for …

pay back debt. In the long run, the allocation of undistributed cash to investment, retained earnings, and debt repayment …

basis points, research and development (R&D) spending declines by about 1 to 3 percent and venture capital (VC) investment …

We evaluate the 2017 Tax Cuts and Jobs Act. Combining reduced-form estimates from tax data with a global investment … model, we estimate responses, identify parameters, and conduct counterfactuals. Domestic investment of firms with the mean ….S. multinationals rises substantially. These incentives also boost domestic investment, indicating complementarity between domestic and …

discount rates and thereby raise real investment. We analyze the macroeconomic implications of sticky discount rates using a … New Keynesian model. The model naturally generates investment-consumption comovement in response to household demand … shocks and higher investment in response to government spending. Sticky discount rates imply that inflation has real effects …

associated with significant falls in local asset prices, capital outflows, and reductions in firm-level investment and employment …. (ii) Risk transmitted from foreign countries affects the investment decisions of domestic firms. (iii) Heterogeneous …

direct investment (FDI) in order to expand the range of products manufactured by their foreign affiliates. We study the …