This paper suggests a method of approximating the development of investment in transition economies through an … amendment of the standard adjustment cost formulation for investment within dynamic Computable General Equilibrium (CGE) models …. Letting adjustment cost depend on the difference between the investment levels of two periods (rather than only on the gross …

This paper analyzes the impact of public investment on the dynamics of private capital formation in an intertemporal … capital good, subject to congestion. We show how in the presence of congestion the effect of government investment on private …

We analyze within a dynamic model how firms decide on capital investment if the accompanying adjustment costs are a … and investment ratio are both constant, carry out comparative dynamic analysis and discuss the model's policy implications. …