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competition a¤ects the industrial dynamics of investment, concentration, and expected returns. When firms have similar production …
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question, the evidence suggests uncertainty is damaging for short-run investment and hiring, but there is some evidence it may …
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This paper investigates the relationship between infation uncertainty and investment using a panel of loan-level data … investment. Moreover, there is a shift in the composition of investment away from fixed assets and towards working capital - the … more flexible factor of production - and fixed asset investment exhibits periods of inaction consistent with real option …
Persistent link: https://www.econbiz.de/10010884740
Whether or not the marginal product of capital (MPK) differs across countries is a question that keeps coming up in discussions of comparative economic development and patterns of capital flows. We use easily accessible macroeconomic data to shed light on this issue, and find that MPKs are...
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