This paper models investment/entry decisions in a competitive industry that is subject to a quantity control on an … permit or a production license). The paper shows that liberalizing the quantity control could reduce investment in the … industry under certain circumstances. Furthermore, the level of investment is quite different when licenses are tradable than …

Panel data on Ghanaian manufacturing firms are used to test predictions from models of irreversible investment under …, higher uncertainty raises the hurdle level that triggers investment, and uncertainty has a negative effect on investment … levels that is greater for firms with more irreversible investment …

the impact of state-owned enterprises (SOEs) on private firm investment in Ukraine-a large transition economy. Controlling …

The recovery of private investment in Italy has lagged its euro area peers over the past decade. This paper examines … capacity to invest. Empirical analysis provides evidence for the impact of wages on investment at the sectoral and firm levels …. Sectoral wage growth seems unrelated to sectoral productivity growth, but is negatively associated with investment. Firm …

In this paper I apply firm-level analysis to examine how the Brexit process has affected business investment in the UK … had a considerable and statistically significant negative impact on firm investment in the UK after the referendum. At the … same time, the post-referendum sterling depreciation has likely contributed positively to investment expenditure by more …

irreversible investment are more exposed to policy uncertainty. In sectors with large irreversible investment EPU has a greater … effect on growth, investment, and leverage. The results are robust to different definitions of investment irreversibility …

This paper investigates whether balance-sheet conditions of firms and their main banks matter for firm investment … facing liquidity constraints; these firms’ balance-sheet conditions (the debt asset ratios) affected their investment from …-sheet conditions constrained these firms’ investment from about 1993. These findings highlight the potential macroeconomic impact and …

This paper examines dynamic patterns of investment in Cameroon, Ghana, Kenya, Zambia and Zimbabwe, assessing the … importance of zero investment episodes and lumpy investment. The proportion of firms experiencing large investment spikes is … significant in explaining aggregate manufacturing investment. Taken together, evidence from descriptive statistics, average …

capital investment using Italian company data. The approach recognizes that firm-level investment spending may, itself, be … aggregated over multiple investment decisions in separate types of capital goods and emphasizes effects of uncertainty on short …-run investment dynamics. Using a survey-based measure of uncertainty related to the assessment of managers responsible for the firms …