The paper analyzes investment behavior of industrial enterprises in the period immediately following price and foreign … microeconomic decisions. A dynamic investment function with symmetric adjustment cost function based on the Euler equation has been … estimated. The derived and estimated investment function accounts for export sales in order to determine whether firms evaluate …

simultaneously TFP, Total Factor Productivity, identified as efficiency, and the parameters of a model where investment depends upon … internal funds, wages, and sales, as in Prasnikar J. and Svejnar J. (2000). It shows that while real investment is higher in … foreign firms, the improvement in efficiency due to investment is significantly higher in Hungarian domestic firms. We test …

In this paper, we examine net investment during the early stages of transition using micro data on the population of … models of investment and test if investment behavior varies across categories of ownership and with the legal status of firms …. Our analysis of depreciation leads us to the conclusion that replacement investment displays a similar pattern in many …

Strategic restructuring of firms through investment is key to a transition from plan to market. Using data on … rationed. Given the large volume of non-performing bank loans to firms and the high rate of investment of large state owned and …

We use the stochastic frontier approach to estimate the impact of firm characteristics on investment decisions of …) optimum investment that is consistent with a firm's characteristics such as the Tobin‟s q during each firm-year, and then … estimate the deviation from this unobserved optimum in the form of an (investment) efficiency score that varies between zero …

Investment in network infrastructure can boost long-term economic growth in OECD countries. Moreover, infrastructure … investment can have a positive effect on growth that goes beyond the effect of the capital stock because of economies of scale … between infrastructure and economic growth. Time-series results reveal a positive impact of infrastructure investment on …

Feldstein-Horioka criterion. More precisely, we test the cross-correlation of savings and investment rates across European Union … the regional level. Furthermore, the testing of the relationship between savings and investment in consistent sub …

the Arellano-Bond (1991) method to investigate the investment behaviour. We employ the model of optimal capital …