Lund (2002a) showed in a CAPM-type model how tax depreciation schedules affect required expected returns after taxes …

found that depreciation increases the cost of capital before and after tax. Most of their assumptions are maintained …. However, commitment to perpetual reinvestment is in most cases not a reasonable assumption. Without it, depreciation decreases … the cost of capital before and after tax. The effect of depreciation is less in absolute value than in Levy and Arditti …

depreciation does not result in a lasting change in relative prices, namely a real depreciation, it will not provide the desirable …

The growth prospects of a nation are stymied by the burden of government debt. This study has two goals: first, it … tests whether public debt hinders growth; and, second, it explores whether economic policy ameliorates this effect. A large … panel data of countries for 1970–2010 reveal a negative and robust effect of public debt on growth. Strong institutions …