ownership and capital demand adjustment in host countries. The author estimates a dynamic structural model of investment on a …

taxes impair subsidiary-level investment efficiency. Consistent with internal agency conflicts between the central …-level investment efficiency while reducing the level of investment. Our paper provides timely empirical evidence to inform expectations …

theory of the demand for capital and labour, on which most of the econometric models of investment and employment that we …We survey recent microeconometric research on investment and employment that has used panel data on individual firms or … of adjustment, which have played a prominent role especially in the microeconometric literature on investment. With …