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Abstract U.S. firms have reduced their investment in scientific research ("R") compared to product development ("D …"), raising questions about the returns to each type of investment, and about the reasons for this shift. We use Census data that … cost. Companies with greater demand for refinancing during the 2008 financial crisis made larger cuts to R&D investment …
Persistent link: https://www.econbiz.de/10014337755
may mute their impact on productive investment. In an experiment in Malawi, we cross-cut cash transfers with an "input … fair," designed to reduce transport costs to access agricultural inputs. Cash alone increases investment by 27%, while the … joint provision of cash and the input fair increases investment by about 40%; thus, the incremental effect of the input fair …
Persistent link: https://www.econbiz.de/10014512117
This essay surveys the body of research that asks how the efficiency of corporate investment is influenced by problems … that the marginal return to investment in firm i is the same as the marginal return to investment in firm j? Second, do … capital budgeting process get within-firm allocations right, so that the marginal return to investment in firm i's division A …
Persistent link: https://www.econbiz.de/10012470382
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/10012470693
, progressive taxation as well as investment and output subsidies to the entrepreneurial sector …
Persistent link: https://www.econbiz.de/10012470760
chosen to reproduce the nonlinear relationship between investment and profitability that we uncover in the plant-level data …
Persistent link: https://www.econbiz.de/10012470812
monetary policy analysis, but usually with capital and investment treated as exogenous a significant restriction. This paper … demonstrates that investment decisions can be endogenized without undue complexity in such models and that these can be calibrated …
Persistent link: https://www.econbiz.de/10012470829
. This model generates dynamic relationships between foreign capital inflows, domestic investment and domestic bank debt in … accumulation of bank debt and increasing concentration of domestic lending and investment to the anticipation of contingent …
Persistent link: https://www.econbiz.de/10012470835
returns on those investments) has important implications for the saving, investment, and entry decisions of continuing and … potential entrepreneurs. These effects are similar in spirit to the role played by costly external financing on investment by … conclusion that entrepreneurial saving and investment decisions are interdependent raises three areas for future research: (1 …
Persistent link: https://www.econbiz.de/10012470843
With fixed costs of participating in the stock market, consumers with high income will participate in the stock market, but consumers with lower income will not participate. If a fully-funded defined-contribution social security system tries to exploit the equity premium by selling a dollar of...
Persistent link: https://www.econbiz.de/10012471011