Using a newly constructed panel dataset of German enterprises, I estimate R&D and capital investment equations for the … time period from 1990 to 1994. Simple accelerator specifications indicate considerable sensitivity of R&D and investment to … account, but a significant positive relationship between cash flow and investment remains for relatively small firms. In the …

model is used to assess this development. In particular, estimation results for investment and employment adjustment after … this paper to cover also unified Germany. The results reveal that the adjustment of investment and employment can be … analysed with the same theoretical model for West and East Germany. However, the adjustment speed for investment differs …

Investment fell sharply in the euro area after the financial crisis and has not yet returned to pre-crisis levels in … investment dynamics. By doing so, we compare five prominent uncertainty proxies put forward in the recent literature: the … type of uncertainty proxy, we document pronounced negative investment responses to uncertainty shocks. We further show that …

In this paper, we extend the usual models of irreversible investment under uncertainty by introducing the stock of … public capital as an input for the private sector. Public investment takes place in a stochastic environment. Public capital … equilibrium analysis, as it is standard in models of irreversible investment under uncertainty. Even under uncertainty, the …

In this paper the standard Euler equation investment model with imperfectly competitive product markets is extended for … imperfectly competitive structures on the factor markets: labour markets and markets for investment goods. This extension leads to … simple reason cannot be estimated: parts of the explanatory variables are perfectly collinear. For estimation purposes at …

the low carbon-emitting sector, and (ii) reduce real investment and the capital stock in the highly carbon-emitting sector …, while real investment in the sector with low carbon emissions tends to fare better. To apply the theoretical predictions to … low carbon emissions, and (ii) substantial investment reallocation takes place, in particular from the manufacturing …