channels of the capital stock effects, i.e. using variables like interest rates or investment ratios in the estimation of … downturn of capital stock growth in Finland. We are thus able to explain why the crisis of the early 1990s had a more acute … impact in Finland than in its twin economy, Sweden …

This chapter analyzes the effect of intangible investment on firm efficiency with an emphasis on its software component … differentials in their firm efficiency. The results show that the effect of software investment on firm efficiency is larger in high … technology firms, the effect of the software investment is smaller than the effect of research and development personnel …

investment in information and communication technology (ICT) and energy use, influence productivity levels. A dynamic factor … the allocation of public investment and support is limited.The results presented herein show that ICT/non-ICT capital … investment are substitutes for labor and energy use. We also find a high output growth rate in the sampled sectors, and …

This paper analyzes the joint effect of EPL and financial market imperfections on investment, capital … stronger in firms with lower levels of internal resources. We find that, on average, EPL reduces investment per worker, capital …