strong agglomeration economies in Japanese investment. Two policy variables are consistently shown to influence the location … of investment - foreign trade zones and labor subsidies. We use simulations to explore the impact these policies had on … the geographic distribution of Japanese investment. The simulations reveal that in aggregate promotion programs largely …

good investment opportunities, but is negatively related to growth for firms whose growth opportunities are either not …

Which is the tighter constraint on private sector investment: weak property rights or limited access to external …

We quantify foreign direct investment (FDI) spillovers by comparing changes in total factor productivity (TFP) among …

incomes in the east have now reached the western level, and investment per capita has been much higher than in the west …. However, every third deutschmark spent in the east has been coming from the west, investment in equipment has fallen below the … west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high …

with the cost of capital cannot be found, investment in Japanese manufacturing shows until 1974 a strong association with … of capitalis the major determinant of investment …

The distinction between production and purchases of investment goods is essential for quantifying the response to … changes in investment tax incentives. If investment goods are tradeable, a large fraction of the demand from changes in tax … subsidies will be met from abroad. This difference between production and purchases implies that investment tax incentives will …

the present value of the returns from an initial investment of [1pound], using the social discount rate, should be equal …

This paper investigates the divisional investment policies of diversified firms. We find that investment of the … smallest division's investment is more sensitive to the cash flow of the other divisions for firms where one expects aggregate … investment to be related to cash flow also, namely low q firms and firms with high leverage. This and other evidence we provide …