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

Commonly used methods of production function estimation assume that a firm’s output quantity can be observed as data … function, total factor productivity, price markups over marginal costs, output prices, output quantities, a demand system, and …

interactions between MP and trade. According to the model with MP, supply-side productivity shocks contributed to the collapse of … to shocks that affected aggregate productivity and were specific to multinationals in a few key headquarters countries …

-specific information from Costa Rica’s investment promotion agency (IPA) over time, we find that IPA support significantly increases the …

equilibrium, general-equilibrium effects overturn this result: a monetary expansion increases the investment of high-productivity … their productivity and net worth and face collateral constraints that cause capital misallocation. TFP endogenously depends … firms relatively more than that of low-productivity ones, crowding out the latter and increasing TFP. We provide empirical …

Macroeconomic and sector-specific shocks exert differential effects on investment in disaggregate sectoral data. The … monotonically. A calibrated model of investment with convex capital adjustment costs and rational inattention explains these … features of the data. The model matches the empirical responses of sectoral investment because learning about shocks generates …

data suggests a dominant role for horizontal investment. We conclude with a discussion of the challenge that intangibles …

investment reduces the market distortion, it will also make potential compensations larger. Consequently, potential compensations … to a foreign investor do not imply a zero-sum game. ISDS may decrease domestic welfare, in particular if the investment …