When investment is irreversible, theory suggests that firms will be "reluctant to invest." This reluctance creates a … wedge between the discount rate guiding investment decisions and the standard Jorgensonian user cost (adjusted for risk). We … we label the irreversibility premium. Estimates are based on panel data for the period 1980-2001. The large dataset …

We present evidence that referenda have a significant, detrimental outcome on investment. Employing an unsupervised … policy-related uncertainty. Examining the relationship of these indices with investment on a longitudinal panel of 3 … uncertainty to investment. Our preferred specification suggests that a one standarddeviation increase in Brexit uncertainty …

This paper examines the impact of outward foreign direct investment (OFDI) on domestic investment by applying co … of the US, OFDI has positive long-run effects on domestic investment while in the case of Germany the reverse effect is …

investment - results that are consistent with the model's predictions. …

appears unaffected: investment rates are flat, and productivity has slowed down. We investigate whether measurement issues … as intermediate consumption. Thus they do not count as either GDP or investment. We ask how treating such spending as … investment affects some key macro variables, namely, market sector gross value added (MGVA), business investment, capital and …

-level investment over the business cycles from 1977 to 2011. A dynamic econometric specification of capital accumulation including … find that the investment effects of the variables capturing the demand-side of the capital market, i.e. sales growth and … Tobin's q, behave counter-cyclically, whereas this does not hold for the investment effects of supply-side variables such as …

level. The firm-level investment rate distribution is highly skewed to the right, with a small fraction of negative … estimated via simulated method of moments, the standard investment model explains the average value premium, while … simultaneously matching the key properties of the investment rate distribution, including the cross-sectional volatility, skewness …