In this paper, we examine net investment during the early stages of transition using micro data on the population of … models of investment and test if investment behavior varies across categories of ownership and with the legal status of firms …. Our analysis of depreciation leads us to the conclusion that replacement investment displays a similar pattern in many …

I reconsider the effect of capital income taxation on firm size and firm growth by embedding the nucleus theory of firm … new equity and undergo an intermediate stage of internal growth until they finally reach a steady payout stage. The cross … firm size and growth but also on the creation of new firms and thus on diversity in the economy. First, a differential …

profits. Balanced growth paths, transitional dynamics and welfare costs are computed. Our results indicate that the 2000 … Income Tax Act leads to higher per capita income and investment, but lower welfare. A sensitivity analysis shows the results …

three stages, was welcomed by the public as a step towards unleashing lurking growth potentials. Nonetheless, in the course …

Economists tend to agree that the recent cutting of dividends taxes will encourage investment and reduce financial …

Classical growth theory falls short of expectations. Capitalism’s inherent feature is “destructive creation”, said Marx. Decades …. Toffler, Baumol-McLennan and many others it is the productivity increases (growth) in general. P. Romer provides a more … specific reply: technological change or the growth of new ideas. In this paper, H. Gürak goes deeper to the core and claims …

Limited liability debt financing of irreversible investments can affect investment timing through an entrepreneur … entrepreneur's unique investment opportunity, and it is shown in a standard model of irreversible investment that includes the … risks, and lowers the investment threshold. Compensating the lender for expected default losses reduces project …