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Corporate taxation, capital formation, and the substitution elasticity between labor and capital
Chirinko, Robert S. - 2002
This study provides some perspective on analyzing the effects of corporate taxation on capital formation. Our framework translates tax policy legislation into real outcomes, and identifies three parameters that play a central role in determining the impact on policy. The remainder of the paper...
Persistent link: https://www.econbiz.de/10011409809
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Do bubbles lead to overinvestment? : a revealed preference approach
Chirinko, Robert S.; Schaller, Huntley - 2011
firms in making their investment decisions. We use a revealed preference approach that relies on the pattern of investment … spending - combined with investment theory - to estimate the discount rates used by managers. The standard story predicts that … firms with high stock prices and good investment opportunities should have discount rates that do not differ systematically …
Persistent link: https://www.econbiz.de/10009153871
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[Sigma] : the long and short of it
Chirinko, Robert S. (contributor) - 2008
Persistent link: https://www.econbiz.de/10003641757
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The irreversibility premium
Chirinko, Robert S. (contributor);  … - 2008
Persistent link: https://www.econbiz.de/10003662980
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The marginal product of capital : a persistent international puzzle
Chirinko, Robert S. (contributor);  … - 2008
frictions, relative prices, and adjustment costs in accounting for the MPK differential and document that adjustment costs …
Persistent link: https://www.econbiz.de/10003751180
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International capital allocations and the Lucas Paradox redux
Chirinko, Robert S.; Mallick, Debdulal - 2019
This paper studies the marginal product of private capital (MPK) with new data and a new framework to obtain a better understanding of international capital allocations and the Lucas Paradox (LP). Our point of departure is three influential studies of MPK's and, based on the most recently...
Persistent link: https://www.econbiz.de/10012057304
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On the German monetary transmission mechanism : interest rate and credit channels for investment spending
Chirinko, Robert S.; Kalckreuth, Ulf von - 2003
The transmission channels through which monetary policy affects business investment remain opaque. This paper examines … the importance of the interest rate and credit channels on business fixed investment in Germany. We have at our disposal …
Persistent link: https://www.econbiz.de/10011514118