the effects of migration on the accumulation of both knowledge and human capital, by invoking endogenous growth theory …

This paper investigates the effect of firm-level investment on the levels of income inequality and poverty. Using a … sample of firms from 87 countries for the period from 1979 to 2018, we document that firm-level investment is negatively … investment proxies, empirical model specifications, and a variety of country-level controls. Further evidence shows that firm …

The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this … paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under … capital stock and, explicitly, of stochastic changes on the interest rate-investment hysteresis. Starting with hysteresis …

In this paper, we present a simple model in which a unionized and non-unionized firm optimally make investment …

developing countries see insufficient investment in projects that would reallocate labor towards better jobs. The concept of JLEs … investment. This paper shows that the optimal way to allocate subsidies to offset JLEs is through a competitive bidding process …

We analyze how intermittent large expenditures on family ceremonies may affect an entrepreneur's investment decision in … to invest and the amount of investment. These results are robust to changes in specifications of the determinants of … investment, controlling for both enterprise- and family-related variables …