We present a model of endogenous firm growth with R&D investment and stochastic innovation as the engines of growth …) firm growth independent of firm size, as stated in the so-called Gibrat's law, and (iii) R&D investment proportional to …

incomes in the east have now reached the western level, and investment per capita has been much higher than in the west …. However, every third deutschmark spent in the east has been coming from the west, investment in equipment has fallen below the … west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high …

future oil price volatility derived from the NYMEX futures options market. Using a dynamic model of firms' investment problem …

To analyze business fixed investment in Japan, which has been unusually volatile in recent years, we develop and apply … a loglinear flexible accelerator model. We find that movements in business fixed investment are consistent with …

This paper finds that, concurrent with the rapid growing index investment in commodities markets since early 2000s …

distorting corporate investment and financing decisions, investor portfolio allocation decisions, fund manager skill assessments …

accumulation process lead to fluctuations in the real returns from intermediated investment. For this economy, we find that the … output, investment is negatively correlated with output, variations in the capital stock are quite large and interest rates …

good investment opportunities, but is negatively related to growth for firms whose growth opportunities are either not …