We investigate the returns to capital and capital accumulation using panel data of Peruvian micro enterprises (MEs …

We study the implications of product market competition and investment for price setting, wage bargaining and thereby …

We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker …, not only temporarily, but also in the steady state. These results are found using pooled annual data for a large panel of … coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on …

dynamics as investment conditions are similar. Our results are consistent with this hypothesis. Furthermore, there is no …

competitors. Because workers participate in the returns on investment while only firms bear the costs, investment is inefficiently … low. A binding minimum wage can achieve the first-best level of investment, both in the short run for a given number of …

banking development reduces the cash flow sensitivity of fixed investment spending, particularly for small firms, and that it …

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 … various regimes. Using German establishment-level panel data, we estimate a two-regime model of replacement and expansion … investment which allows us to observe regime separation, an aspect of the data that is typically absent from previous empirical …

participation. We match two decades of UK panel data on the population of firms to all program participants. IV estimates find … positive program treatment effect on employment, investment and net entry but not on TFP. OLS underestimates program effects …,300 suggesting that in some respects investment subsidies can be cost effective. …

in the U.S. private sector affect economic performance - productivity, profitability, investment, and growth. Freeman and … investment and, subsequently, lower employment and productivity growth. There is little evidence that unionization leads to …