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Taxation and the Sources of Growth : Estimates from United States Multinational Corporations
Cummins, Jason G. - 1998
model in which technical advances are embodied in new capital, investment will translate directly into productivity gains … 1992, due to productivity growth in MNCs with Canadian affiliates; (3) the investment elasticity of productivity growth is … robust investment which translates directly into productivity gains …
Persistent link: https://www.econbiz.de/10012472274
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Financial Frictions and the Persistence of History : A Quantitative Exploration
Buera, Francisco J. - 2010
neoclassical growth model. Investment rates and total factor productivity start out low and rise over time. These model dynamics … distribution, which support the aggregate and micro-level implications of our theory …
Persistent link: https://www.econbiz.de/10012462256
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The changing roles of debt and equity in financing US capital formation
Friedman, Benjamin M. (ed.) - 1982
Persistent link: https://www.econbiz.de/10013480806
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Comparison and Analysis of Productivity Growth and R&D Investment in theElectrical Machinery Industries of the United States and Japan
Nadiri, M. Ishaq - 1986
This paper presents a comparative analysis of productivity growth in the U.S. and Japanese electrical machinery … industries in the postwar period. This industry has experienced rapid growth in output and productivity and high rates of capital … inputs as well as the determinants of productivity growth in the U.S. and Japanese electrical machinery industry. The …
Persistent link: https://www.econbiz.de/10012477226
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The Effect of Immigration on Productivity : Evidence from US States
Peri, Giovanni - 2009
employment, average hours worked, physical capital accumulation and, most importantly, total factor productivity and its skill … and hours worked by natives. At the same time we find robust evidence that they increased total factor productivity, on … results are robust to controlling for several other determinants of productivity that may vary with geography such as R …
Persistent link: https://www.econbiz.de/10012463142
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Unmeasured Investment and the Puzzling U.S. Boom in the 1990s
McGrattan, Ellen R. - 2007
. We use the theory to compare current accounting measures for labor productivity and investment with the corresponding … understate the boom in productivity and investment … 1990s, provided that variations in population growth, depreciation rates, total factor productivity, and taxes are …
Persistent link: https://www.econbiz.de/10012465147
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R&D, Production Structure and Productivity Growth : A Comparison of the US, Japanese and Korean Manufacturing Sectors
Nadiri, M. Ishaq - 1996
sources of the growth of output, labor productivity, and total factor productivity. The results show that resource …
Persistent link: https://www.econbiz.de/10012473353
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The Allocation of Capital Between Residential and Nonresidential Uses : Taxes, Inflation and Capital Market Constraints
Hendershott, Patric H. - 1981
We have constructed a simple two-sector model of the demand for housing and corporate capital. An increase in the inflation rate, with and with- out an increase in the risk premium on equities, was then simulated with a number of model variants. The model and simulation experiments illustrate...
Persistent link: https://www.econbiz.de/10012478397
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Inefficient Credit Booms
Lorenzoni, Guido - 2007
This paper studies the welfare properties of competitive equilibria in an economy with financial frictions hit by aggregate shocks. In particular, it shows that competitive financial contracts can result in excessive borrowing ex ante and excessive volatility ex post. Even though, from a...
Persistent link: https://www.econbiz.de/10012465000
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Capital-Market Imperfections and Investment
Hubbard, R. Glenn - 1997
Over the past decade, a number of researchers have extended conventional models of business fixed investment to … incorporate a role for financial constraints' in determining investment. This paper reviews developments and challenges in this … challenges. First, I describe analytical underpinnings of models of capital-market imperfections in the investment process, and …
Persistent link: https://www.econbiz.de/10012472822