The paper investigates the growth effects of public capital in Portugal using annual data for the period 1965-95. Both … a production function and a vector autoregressive model are estimated. Public capital is shown to be a significant long …, a substantial growth payoff from public investment. Disaggregating public capital shows that investment related to …

How should firms decide whether and when to invest in new capital equipment, additions to their workforce, or the … exposition of a new theoretical approach to the capital investment decisions of firms, stressing the irreversibility of most … theory of options in financial markets, which permits a much richer dynamic framework than was possible with the traditional …

banks and industrial enterprises potentially leads to increased productivity and increased capital accumulation, raising …

affects human capital, and infrastructure expenditures that affect productivity. The paper finds that social expenditures lead … financed by consumption taxes; agents do not substitute between human and physical capital as a result of changes in …

This paper reviews capital taxation issues in Italy based on a comprehensive definition encompassing taxes on income …, transactions, and ownership. It discusses options to enhance the neutrality of the capital income tax system, followed by a …