-level investment is procyclical. We show that a heterogeneous-firm RBC model with quantitatively realistic countercyclically disperse … state investment rate distribution, produces investment dispersion that positively comoves with the cycle, with a …-sectional firm dynamics ; lumpy investment ; countercyclical risk ; aggregate shocks ; idiosyncratic shocks ; heterogeneous firms …

Productivity. We endogenize the accrual of the R&D stocks by estimating an R&D investment function. We find that the marginal …

explaining the consumption path after a Marginal Efficiency of Investment shock. We use an otherwise standard medium-scale New …

expansionary while those in the investment sector are broadly contractionary. Our results indicate a significant role of TFP news …-movement and account for approximately, 31%, 21%, 43%, 29% in the variance of output, investment, hours worked, and consumption …

SMPEs with positive taxable income increased investment, interest expense and productivity. SMPEs in taxable losses did not …

IT investment in any sectors, it does significantly improve labor productivity for firms in manufacturing and in …, cloud usage is expected to increase the productivity of firms, as it allows them to quickly customize the IT they require to …

This paper considers cost-reducing R&D investment with spillovers in a Cournot oligopoly with minority shareholdings …