-country differences in private R&D investment are due to cross-country differences in defense R&D expenditures. We also find evidence of …

shock. Our estimated model uncovers a central role for investment in the transmission mechanism of monetary policy, as high … MPCs amplify the investment response in the data. This force also generates a procyclical response of consumption to … investment shocks, leading our model to infer a central role for these shocks as a source of business cycles …

For a long time, China's impressive growth performance has been driven by investment and high productivity gains. Based … sustainability of China's investment- and export-driven growth model. It is shown that since the turn of the millennium buoyant …

compatibility and can engage in bundling. We consider the impact of merger on prices, investment and consumer surplus. We also …

similar investment subsidies were implemented in the same country, two years apart: once during a period of economic stability … offer an important policy opportunity to encourage investment …

We propose an adaptation of Hartwick's investment rule to models with population growth and show that following … of Hartwick's investment rule where capital gains play a role if population growth is positive. Since capital gains …

investment in an international infrastructure capital, the stock of which accumulates over time. Depending on the trade costs and … consideration, the governments carry out a dynamic game of public investment. We show that the dynamic equilibrium of the policy …

will be different for the two firm types. This in turn will affect the investment incentives and distort capital and labour …