We conduct the first systematic evaluation of the world’s largest community-based development program--China’s flagship …

Import competition from China is pervasive in the sense that for many good categories, the competitive environment that … pronounced increase of aggregate US producer price inflation. …

We develop a model that examines the capital structure and investment decisions of regulated firms in a setting that …

for a sticky price environments, as it allows to understand stable-inflation boom-bust cycles. The source of the explicit …

Credit constraints are more frequent among growth companies with large investment opportunities. For the same reason … investment opportunities to a larger extent. (ii) Taxes which are neutral in a neoclassical world, still restrict expansion … investment of constrained firms by reducing free cash-flow and thereby discourage innovation. (iii) A revenue neutral increase in …

or positive effects on R&D-investment, respectively. Both possibilities arise in plausible situations, even if one uses … on investment more likely. Extending the basic framework, the paper shows that separation of ownership and control …, endogenous entry and cumulative investments make positive effects of competition on investment more likely. Imperfect upstream …

been significant changes in saving and investment patterns across the world and imbalances have narrowed considerably. Does …

investment models must be attributable to movements in equity risk premia. In this Paper we emphasise that such movements in … equity risk premia should have implications not merely for investment today, but also for future investment over long …-horizon fluctuations in the growth of marginal Q, and therefore investment. We test this implication directly by performing long …