neoclassical growth model. Investment rates and total factor productivity start out low and rise over time. These model dynamics …

to US data. In the context of this model we argue that differences in the allocation of resources across heterogeneous …

investment and firm performance. We find that firm size and moderate competition is associated with higher intangible investment …, while firm age is associated with lower intangible investment. Examining firm performance, we find that higher investment is … not with higher productivity or profitability. The evidence suggests that intangible investment is associated with growth …

.S. benchmark implies an increase in aggregate output and TFP by a factor of 2.9-fold. Improved resource allocation accounts for 42 …

co-movement of output, investment and consumption and (iii) consumption smoothing …

This paper explores cost-effective low-carbon R&D and capital investment portfolios for the electricity generation …

Over the last twenty years the wage-education relationships in the US and Germany have evolved very differently, while … files from the PSID (US) and the GSOEP (Germany), we demonstrate how factor movements within these countries are associated … capital over the 1979-96 period, while Germany accumulated factors in a more balanced manner …

west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high …A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real … incomes in the east have now reached the western level, and investment per capita has been much higher than in the west …

future of work. We study firm investment in automation using cross-country data on robotization as well as administrative … data from Germany with information on firm-level automation decisions. Our findings suggest that the impact of robots on … firms has been limited. First, investment in robots is small and highly concentrated in a few industries, accounting for …