Weak contract enforcement may reduce the efficiency of investment in developing countries. I study how contract …

consumption, investment and international growth models, we provide a consistent synthesis. Our framework permits the analysis of …

This paper proposes a model of diversifiable uncertainty, irreversible investment decisions, and endogenous growth. The … mobility. Labor mobility costs reduce private returns to investment, imply a slower rate of endogenous growth, and …

This paper presents closed-form solutions for the investment and valuation of a competitive firm with a Cobb … distribution of future price increases investment. An increase in the scale of the random component of a price can increase …, decrease or not affect the rate of investment depending on the sign of the covariance of this price with a weighted average of …

The empirical literature that seeks to measure the effective tax rate on new investment offers a striking paradox. On … the one hand, summary measures of the effective tax rate on new investment are normally quite high. On the other hand, the … tax rate on new investment. It is much more robust than the standard measures, such as King-Fullerton marginal effective …

quarters of the variation in real annual aggregate investment growth between 1948 and 1993. The negative correlation of … contemporaneous investment and stock returns is explained by the negative correlation of planned investment and subsequent stock … returns. Unexpected revisions to aggregate investment (actual minus plan) within a year are essentially unrelated to current …

We examine the performance attributes of a merchant transmission investment framework that relies on market driven …' transmission investment to provide the infrastructure to support competitive wholesale markets for electricity. Under a stringent … set of assumptions, the merchant investment model has a remarkable set of attributes that appear to solve the natural …