We investigate how labor and investment demand at the firm level (gross as well as net and replacement investment … for the important changes and differences in labor and investment demand between the two subperiods and across the three …

, 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 …

, which are important for understanding both the dynamics of aggregate investment and the impact of various policies on … estimation of parameters of dynamic optimization problems in which non-convexities lead to extended periods of investment … inactivity. In doing so, we create a method to take into account censored observations stemming from intermittent investment …

investment. Uncertainty increases real option values making firms more cautious when investing or disinvesting. This is confirmed … both numerically for a model with a rich mix of adjustment costs, time-varying uncertainty, and aggregation over investment … investment response to demand shocks. This implies the responsiveness of firms to any given policy stimulus may be much lower in …