those suppliers it does affect, the rule increases investment, but it also induces excessive sourcing (for given investment …

combines elements of the literatures on economic geography, multinational firms, urban economics, and trade theory. A two …-city country trades with the larger world, and workers within the country are mobile between the two cities. Productivity in a …

The UNESCO World Heritage List contains the 900 most treasured Sites of humanity's culture and landscapes. The World …

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 …

complementary investment in production activities. Our theoretical findings are motivated by existing empirical evidence and a fresh …

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 … certain level, the infrastructure stock decreases (increases) over time, and the world economy will end up in autarky (two …

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

and only if the investment elasticity of the tax base is lower than the investment elasticity of the apportionment factor …