Showing 1 - 10 of 29
We present a model of endogenous firm growth with R&D investment and stochastic innovation as the engines of growth …) firm growth independent of firm size, as stated in the so-called Gibrat's law, and (iii) R&D investment proportional to …
Persistent link: https://www.econbiz.de/10013127899
investment rates observed in OECD countries. We find that once controlling for general equilibrium effects the saving …
Persistent link: https://www.econbiz.de/10013150253
This paper analyzes the impact on firm behavior of the Homeland Investment Act of 2004, which provided a one-time tax …. Repatriations did not lead to an increase in domestic investment, employment or R&D -- even for the firms that lobbied for the tax …
Persistent link: https://www.econbiz.de/10013152600
Despite enormous growth in international capital flows, capital-output ratios continue to exhibit substantial heterogeneity across countries. We explore the possibility that taxes, particularly corporate taxes, are a significant source of this heterogeneity. The evidence is mixed. Tax rates...
Persistent link: https://www.econbiz.de/10012775558
decrease their Ramp;D spending (our main proxy for long-term investment) more than Japanese firms. We find no evidence that …
Persistent link: https://www.econbiz.de/10012783974
This paper evaluates evidence of the impact of outbound foreign direct investment (FDI) on domestic investment rates …. OECD countries with high rates of outbound FDI in the 1980s and 1990s exhibited lower domestic investment than other … countries, which suggests that FDI and domestic investment are substitutes. U.S. time series data tell a very different story …
Persistent link: https://www.econbiz.de/10012784973
, and the effects of different investment profiles on total factor productivity growth on Dutch firm-level data. We estimate … an integrated model of investment profile adoption and total factor productivity growth. We find that the three … investment decisions are complementary, in the sense that investing in one increases the probability of investing in another one …
Persistent link: https://www.econbiz.de/10012911090
The empirical analysis in quot;International Ramp;D Spilloversquot; (Coe and Helpman, 1995) is first revisited by applying modern panel cointegration estimation techniques to an expanded data set that we have constructed for the purpose of this study. The new estimates confirm the key results...
Persistent link: https://www.econbiz.de/10012759295
product market, concerning in particular entry barriers, are negatively related to investment. The implications of our … analysis are clear: regulatory reforms, especially those that liberalize entry, are very likely to spur investment …
Persistent link: https://www.econbiz.de/10013216094
increases in domestic savings rates induce approximately equal increases in domestic rates of investment. New estimates for the … post-OPEC period 1974-79 imply that each extra dollar of domestic saving increases domestic investment by approximately 85 … flows than to their short-run behavior. Coefficient estimates based on annual variations in savings and investment are …
Persistent link: https://www.econbiz.de/10013217227