This paper documents four basic facts about investment goods and investment prices. First, investment has a very …, and transportation) are much less important for investment than for consumption. Third, the import content of investment …

variety of tests for world financial capital market integration ranging from the correlation of saving and investment …

variety of tests for world financial capital market integration ranging from the correlation of saving and investment …

This paper estimates the micro-level costs of adjusting capital using detailed data on" investment decisions in the US … clear evidence of non-convex adjustment costs inaction for capital investment and quadratic adjustment costs conditional on … positive or negative" investment. The adjustment costs for utilization show similar non-convexities but with smaller …

benefited high-dollar debtors, as shown in these firms' investment behavior, especially non-tradables firms whose revenues in … dollar terms were adversely affected by devaluation. That investment behavior contrasts with the experience of Mexican firms … significant relative reductions in investment. Stock return reactions to Argentine debt redenomination indicate large, positive …

, profitability, investment, and stock returns for firms in the 'crisis' country as well as competitors in the rest of the world … capital investment and stock returns (and therefore expected long-run output and profits) is determined by capital …