particular focus on the role played by financial frictions and investment dynamics. The paper provides two main contributions …. First, we empirically document that lower investment during financial crises is the key factor leading to permanent loss of … output and total factor productivity (TFP) in the wake of a crisis. Second, we develop a DSGE model with financial frictions …

-pronged approach to investigate the relationship between corporate leverage and fixed investment spending. The empirical analysis …

return. In the short run, an adverse shock to a region results in a sharp drop in employment and a gradual decline of …

valuations? And if countercyclical investment (with both market-stabilizing and return-generating properties) is a public and …

vulnerable to financial frictions. By sheltering intangible investment from financial shocks, counter-cyclical macroeconomic … policy through the intangible investment channel, and its complementarity with pro-competition product market deregulation …

excessively on a few maturing sectors with limited scope for productivity growth. Furthermore, public investment has been crowded …The paper analyzes Jamaica's experience of low growth despite consistently high investment. Cross-country analysis … provides evidence of a significant and negative relationship between total public debt and productivity growth. Looking at the …

as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital … (CPMG) methodology of Pesaran et al. (1999) for estimation. The latter takes account of cross-country heterogeneity and …

This paper studies the relation between firms' access to finance, labor productivity and investment using Lithuanian … characteristics, removing these constraints can improve average productivity and investment of firms in Lithuania by 0.51 percent and …

We trace Japanese corporate investment across different types of firms over the past decades and estimate the main … determinants of investment. We find that there are differences in investment behavior between firms expanding abroad and those … operating mainly in domestic markets. On the back of a trend increase in production offshoring, investment by large companies …

additional channel through which rising trade tensions and sluggish productivity could threaten real investment growth going … the faster productivity growth in the capital goods producing sectors relative to the rest of the economy, and deeper …