Showing 1 - 10 of 2,764
examine the implications of exchange rates for time series of sectoral investment. Both theoretically and empirically we show … that investment responsiveness to exchange rates varies over time, positively in relation to sectoral reliance on export … differences in investment endogeneity across high and low markup sectors, with investment in low markup sectors significantly more …
Persistent link: https://www.econbiz.de/10014158798
While patent systems have been widely used both historically and internationally, there is nonetheless a tremendous amount of controversy over whether patent systems – in practice – improve the alignment between private returns and social contributions. In this paper, I describe three...
Persistent link: https://www.econbiz.de/10012964879
Scholars engage in extensive debate about the role of families and corporations in economic growth. Some propose that personal ties provide a mechanism for overcoming such transactions costs as asymmetrical information, while others regard familial connections as conduits for inefficiency, with...
Persistent link: https://www.econbiz.de/10012965431
, and the effects of different investment profiles on total factor productivity growth on Dutch firm-level data. We estimate … an integrated model of investment profile adoption and total factor productivity growth. We find that the three … investment decisions are complementary, in the sense that investing in one increases the probability of investing in another one …
Persistent link: https://www.econbiz.de/10012911090
We analyze private fixed investment in the U.S. over the past 30 years. We show that investment is weak relative to … two broad categories of explanations: theories that predict low investment because of low Q, and theories that predict low … investment despite high Q. We argue that the data does not support the first category, and we focus on the second one. We use …
Persistent link: https://www.econbiz.de/10012902577
This paper is a contribution to the small but growing literature that compares the investment and R&D behavior of … of a simple error-corrected investment model for both ordinary investment and for R&D investment, a model that … incorporates both output (sales or turnover) and cash flow as predictors for investment. Our focus is on two comparisons: France …
Persistent link: https://www.econbiz.de/10013222959
This paper looks at the patterns of causation between income, export, import, and investment growth for 25 developing …
Persistent link: https://www.econbiz.de/10013235872
This paper evaluates the effects of fiscal policy on investment using a panel of OECD countries. In particular, we … investigate how different types of fiscal policy affect profits and , as a result, investment. We find a sizable negative effect … of public spending -- and in particular of its public wage component -- on business investment. This result is consistent …
Persistent link: https://www.econbiz.de/10013240622
In this paper we derive a model of aggregate investment that builds from the lumpy microeconomic behavior of firms … aggregate investment obtained from adding up the actions of firms subject to aggregate and idiosyncratic shocks, is highly non … postwar sectoral U.S. manufacturing equipment and structures investment. For a given sequence of aggregate shocks, the …
Persistent link: https://www.econbiz.de/10013125317
Investment in a broad array of intangible capital - R&D, organizational capital, worker training, and brand equity … much intangible investment has taken place there over the last two decades. The importance of this capital as a driver of …
Persistent link: https://www.econbiz.de/10013065397