We examine the neoclassical investment model using a panel of U.S. manufacturing firms. The standard model with no … for firms with low (pre-sample) payouts (firms we expect to face financing constraints). Hem, investment is sensitive to … both firm cash flow and macroeconomic credit conditions, holding constant investment opportunities. Sample splits based on …

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

a dynamic multicountry model of international trade, production, and investment to data from 19 countries to assess this … a counterfactual world without trade frictions in manufactures. Removing these trade frictions goes a long way toward … resolving a number of the puzzles: The dependence of domestic investment on domestic saving falls by half or disappears entirely …

We investigate the relationships among trade, foreign direct investment and the real exchange rate between a set of … Southeast Asian and Latin American countries and both the United States and Japan. Foreign direct investment by both Japan and … direct investment. These sets of relationships, between the real exchange rate and foreign direct investment, and between …

two effects interact, as we demonstrate. We use a three-region world model as a framework for alternative steady …