savings, investment, and labour supply in neoclassical models, and to the rate of unemployment in job search models. These …

’ because the tax liability is offset by a reduction in the post-tax risk of the investment. The Paper argues that this claim is … investment incentives in the presence of risk. Instead it proposes an alternative measure, based on the market value of the pre …

persistence over time of firms' R&D investment, the concentration of R&D among incumbent firms, and the link between R&D and … patenting. Furthermore, it explains why R&D as a fraction of revenues is strongly related to firm productivity yet largely …

Business support policies designed to raise productivity and employment are common worldwide, but rigorous micro … positive program treatment effect on employment, investment and net entry but not on TFP. OLS underestimates program effects …,300 suggesting that in some respects investment subsidies can be cost effective. …

fixed investment that became excessive and proved to be unsustainable, while the productivity acceleration helps to account … productivity growth linked to the delayed effects of previously invented 'general purpose technologies' stimulated an increase in …-01 collapse of investment and the stock market proves that good public policy matters, going beyond the narrowly defined …

This Paper examines the relationship between foreign ownership and productivity, paying particular attention to two … takeover is more prevalent than greenfield investment. We find that British multinationals have lower levels of labour … productivity than foreign multinationals, but the difference is less stark in the service sector than in the production sector, and …

There has been considerable controversy over the apparent slowdown in productivity growth in Britain and in other … industrial countries over 1971-80 and the apparent speed up in at least British productivity growth over 1980-83. This paper … data for 1956-83. This makes it possible to distinguish cyclical movements in productivity caused by variations in labour …

productivity. These results suggest a new direction for policy that focuses on instruments to enhance entrepreneurship capital. …