positive program treatment effect on employment, investment and net entry but not on TFP. OLS underestimates program effects …,300 suggesting that in some respects investment subsidies can be cost effective. …

well. By implication, policies that stimulate investment and R&D and policies that affect the size of the labor force may …

growth. Investment growth has dominated GDP growth in China during this decade but is also important in the cases of India … and Vietnam. To examine the global implications of domestic growth patterns in Asia, I analyze saving-investment balances … region. In terms of sheer magnitudes, China's national savings and current account surpluses dominate the region's saving-investment …

firms to cut investment, employment, and borrowing. We conclude that financial market fluctuations affect even private firms …

investment. Second, our results highlight that expectations regarding the duration of the shutdown—which, at this point of the … expect the shutdown to last longer are more likely to lay off workers and to cancel or postpone investment projects. …

. Most firms revise downward their expectations for sales, orders, employment, and investment, while prices are expected to …