generate inefficiencies. We examine such a market in both theory and practice. The predictions of our model are given strong …

important differences among firms in economic competence, here represented by efficiency and investment behavior, the … relationships between investment, productivity, and economic growth are much more complex and unpredictable than commonly assumed … frontiers. <p> It is also shown that the conditions which determine firm borrowing for investment (involving their …

recognizing that firms make substantial investment in intangible assets such as R&D, design, advertising etc. These investments … are not classified as investment in the National Accounts, where only tangible assets are defined as investment. This … paper provides estimates of investment in intangible assets and uses the growth accounting framework to analyze the Swedish …

total investment in intangibles was 227 billion or approximately two-thirds of the total investment in fixed capital in 2004 …. Thus, investment in intangibles was considerable in 2004. The corresponding figures for the UK and the US were 10.9 and 13 …