concavity conditions of the cost function. We focus on the 'bubble period' in the 1980s when land was in great demand for … reasons related to both production and speculation, and land prices soared. By estimating the translog cost function with land … constraints and large adjustments of employment. We also demonstrate that elasticities of substitution between land and other …

value of land. Furthermore, we find that investment and borrowing behavior of small firms is very much affected by their …An attempt is made to estimate a state space model of investment and borrowing in a Bayesian framework and extract the … firms in Japan. …

stagnation of investment, especially private fixed investment, was the primary culprit. I then investigate the causes of the …

We examine quantitatively the extent to which financial distress in the 90s affected Japanese corporate investment …. Based on the firm-level data that includes small, unlisted firms, we estimate investment function to measure the impact of … financial distress on investment. We find that the firm's ratio of debt to total asset exerts a significantly negative effect on …

's variable costs is significant, and that in its sunk investment is weak. Investment may be greater when the number of trading …

We analyse the contribution of land to production activity for Japanese manufacturing industries employing panel data … of the firms. Since land is not necessarily held for production purpose, we check the concavity of the cost function to …

process R&D and on the product market. We examine how a merger affects the output, investment, and profits of firms, whether …