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investment decisions via both adjustment costs and marginal profitability of capital. We test these hypotheses by using a large … infrastructure ; Firm's value ; Corporate investment …
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The debate in Australia on the (constant-output) elasticity of labour demand with respect to wages has wrongly sidelined the role of capital stock as a determinant of employment (Webster, 2003). As far back as 1991, Pissarides had argued that the influence of capital stock on the performance of...
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, is scarce. This paper analyzes the determinants of investment in ICT at the firm level and how investments in ICT … for product or process innovations in the service sector. The absence of investment in ICT conspires against non … productivity in services, but only ICT affects productivity in manufacturing. The absence of investment in ICT is associated with …
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