) firm-specific factors. Applying this method to manufacturing firms in China reveals a modest role for adjustment costs and … account for a limited fraction of observed misallocation in China, but a potentially large share for US firms …

evidence that incentive schemes affect real investment and sheds new light on challenges faced by economic reforms in China …-specific costs of capital. We show that SOEs did respond to the performance evaluation reform by altering their investment decisions …

last two decades is highly correlated with that of corporate investment efficiency. China's stock market appears to be … access it. Yet this high alpha amounts to an inflated cost of equity capital, constraining the investment of China's smaller … informativeness will be important to increase China's investment efficiency and fuel its continued economic growth. Finally, we …

by introducing intangible investment and non-neutral technology change with respect to producing intangible investment …. We use the theory to compare current accounting measures for labor productivity and investment with the corresponding … measures for the model economy with intangible investment. Our findings show that standard accounting measures greatly …

since the 1950s. Growth accelerations tend to be correlated with increases in investment and trade, and with real exchange …

, especially efforts to raise the rate of investment. Recent studies of economic growth have raised a debate over the role played … by the investment rate in the long-run performance of the economy. Evidence from the states suggests that the effects of … physical capital investment …

investment has a strong association with growth: over l9&)?l95 each percent of GDP invested in equipment is associated with an … any of the other components of investment. A variety of considerations suggest that this association is causal, that … higher equipment investment drives faster growth, and that the social return to equipment investment in well functioning …