Trigger values are derived for investment projects that are affected by uncertainty and construction periods. The …

Trigger values are derived for investment projects that are affected by (i) uncertainty (according to Dixit and Pindyck …

financial constraints and can boost the investment of private firms. …

financial constraints and can boost the investment of private firms …

) non-separability in preferences between consumption and labor, and ii) traded investment. …

age and usage dependent capital depreciation and obsolescence. It is also shown that in this set-up past investment …. More importantly, and in contrast to the pre-existing literature, we study investment and maintenance co-movements without … any postulated ad-hoc depreciation function. In particular, we find that optimal investment and maintenance do move …

drop in investment and in the current account, in line with empirical evidence, only if the traded sector is more capital …

efficient ? To answer the first question, we check if the group cash flow is a determinant of the investment’s spending of group …