We study Foreign Direct Investment (FDI) as a measure of real investment (gross fixed capital formation) in foreign …-owned companies. Our data include firm-level information on FDI in-flows and real investment of foreign-owned companies located in …

The study looks at the implications of product market competition and investment for price setting, wage bargaining and …

. Lumpy adjustment arises because of inattentiveness in capital investment decisions instead of the more common assumption of … with lumpy investment yields business cycle dynamics which differ substantially from those of an otherwise identical model … with frictionless investment and are much more consistent with the empirical evidence. These results therefore strengthen …

Investment in physical capital at the micro level is infrequent and large, or lumpy. The most common explanation for … costs make investment lumpy at the micro level, even in the absence of non-convex adjustment costs. When collecting and … behavior results in infrequent and possibly large capital adjustments. The model fits plant-level investment rate moments well …

between the EU countries and the United States. We emphasise the role of R&D investment and perhaps different degrees of … associated with R&D investment and perhaps with increasing elasticity of substitution between capital and labour. Hence, our …

In this paper we estimate reduced form investment equations for Finland using aggregate as well as firm-level panel … data. We obtain significant estimates of the accelerator and user-cost effects on investment with both aggregate and firm … level data, but these effects appear to be stronger at the aggregate level. Although the response of firms’ investment …

’ a priori investment preferences and are robust to possible endogeneity concerns. Overall, they suggest that the option …