, consumption, physical and environmental investment, trading of emissions rights (quantity and price). The results show that … negatively affected by its presence as predicted by the theory (e.g. Clarke and Reed 1994; Tsur and Zemel 1996; and Bosello and …

government provide incentives for innovation in a fiscally sustainable way? We address this question by examining the Ramsey … problem of finding optimal tax and subsidy schemes in a model in which growth is endogenously sustained by risky innovation …. We characterize the shadow value of growth and entry in the innovation sector. We find that a profit tax is required to …

This paper shows that political capital is an important determinant of corporate investment and innovation. Using … capital investment and R&D spending. Surprise losses of political capital result in negative announcement returns, reduced …

hybrid tax credit scheme positively relates to innovation output. The business sector R&D investment are higher in the … investments in innovation. The implementation of R&D tax credit schemes, however, varies across countries. The empirical research …, to explore the relationship between a set of R&D tax scheme features and innovation performance. Our estimation results …

engage in less green R&D investment, patent applications, and research staff. Industries that are heavy emitters and those …Government subsidies are often used to stimulate environment-friendly investment. We find that Chinese firms reduce … green investment as the uncertainty of subsidies rises. This effect is identified from weather-driven fluctuations in air …

equilibrium feedback accounts for the observed comovement between investment and innovation, provides a powerful propagation …We analyze the role of endogenous capital-embodied innovation in macroeconomic dynamics. We first leverage a newly …-goods producers drops during recessions. We then develop a model of lumpy investment with heterogeneous firms and endogenous …

industries. Yet, the connection between agglomeration and corporate investment remains underexplored. We develop a model of … relationship between industry uncertainty/knowledge intensity and the proximity of headquarters (patent inventors). Additionally …, we exploit techniques designed to estimate peer effects, and we find that the strength of investment externalities is …