Feldstein and Horioka (1980) argued that the correlation of saving and investment in a cross-section of countries may … investment should be cointegrated over time. Simulations show that the cross-section regressions used in the literature will …

We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG …'s properties by analyzing the growth, debt, and distributional consequences of big-push public investment programs with different … mixes of investment in human capital and infrastructure. We show that investment in human capital is much more effective …

sectoral business cycle sensitivity affected corporate profitability during the recovery period of the global financial crisis … (GFC). Using cross-sectional analyses, our findings indicate that corporate profitability improved significantly after the … be significant in explaining changes in corporate profitability …

This paper provides empirical support for the view that enhanced economic security fosters private investment and … improved since the mid-1980s; that private investment is mostly influenced by the risk of expropriation, the degree of civil …

world. Discouragingly, our analysis uncovers at best a weak relationship: firms with better ESG scores do display somewhat …

weakness in economic activity, particularly investment, has been the primary restraint on trade growth, accounting for over 80 …

that depreciations boost profits, investment, and sales of firms that are more financially-constrained and have higher … reducing real wages, thereby spurring investment. We show that these effects on firm performance are enduring, including in the …