balancing investment incentives with allocative efficiency and competition objectives. Intermediate regulation is compatible … regulation and efficient investment is thus in doubt. Incentive regulation for regular infrastructure investments therefore needs …

.2% higher today if productivity-enhancing investment intensity had remained at its pre-crisis level …This paper identifies the mechanism through which financial crises exert long-term negative effects on output. Theory … suggests that a shortfall in productivity-enhancing investments temporarily slows technological progress, creating a gap …

data and triple-difference estimators, we find that this dividend tax cut affects allocation of corporate investment. Cash …-constrained firms increase investment after the dividend tax cut relative to cash-rich firms. Reallocation is stronger among closely … and by higher dividends in cash-rich firms after the tax cut. The heterogeneous investment responses imply that the …

The ifo Investment Survey asks firms in the German manufacturing sector about the importance of sales, technological … factors, finance, return expectations, and macroeconomic policy for their investment activity in a given year. We show that … these subjective investment determinants 1) capture economically what their labels suggest, and 2) have strong explanatory …

While the US experienced two successive labor productivity surges in 1995 and 2000, Germany's productivity declined … dramatically during the same period. We examine the sources of Germany's productivity demise using the ifo industry growth … accounting database that provides detailed industry-level investment information. While much attention has focused on the …

This paper shows that taxes which are understood to be neutral with respect to the marginal investment decisions may be …

model features irreversible investment, no capital markets and fixed and sunk costs to export. Several features of the … distribution of investment rates and export participation patterns observed in firm-level data are closely matched in a calibration …

-tax country induces bunching. Such bunching promotes investment incentives in the low-tax as well as the high-tax country. In … equilibrium, affiliates might over-invest and the bunching-related investment effects generate a tendency for too high profit … investment incentives and transfer pricing induces inefficiently low taxes …

We study the role of competition for the hold-up problem in foreign direct investment in resource-based industries. The … host country government is not only unable to commit not to expropriate investment ex post, but is also unable to commit to … higher investment levels and increases host country revenues, but hurts profits of international investors …