We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker … coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on …

role of rising rates of investment. Because labor reallocation across sectors, TFP growth at the sector level and … investment are all inter-related, simple growth decompositions that are often used in the literature are not appropriate for … continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …

The empirical identification of non-linearities in investment relies on how investment is assumed to be separated into … investment which allows us to observe regime separation, an aspect of the data that is typically absent from previous empirical … concentrating investment in a single year. Moreover, there is evidence that investment is more sensitive to fundamentals in the high …

several kinds. This paper analyzes the structural effects of investment subsidization as one of the core policy instruments by … means of an error-correction model of factor demand and output. It intends to find out whether investment subsidization …

with frictions in the adjustment of both capital and labor. We posit that hiring of labor is akin to investment in capital ….S. corporate sector data to estimate firms? optimal hiring and investment decisions and the consequences for firms? value. We then … investment and physical capital. We find that a conventional specification – quadratic adjustment costs for capital and no hiring …

determinants of R&D investment at the level of the firm. While finding further support for the well-established technology-push and … demand-pull hypotheses, this study also tests the role of skill endowment in increasing a firm's R&D investment. Consistently …

techniques, we estimate a structural labour market model for each group and evaluate the unemployment contributions of investment …