argued in two papers that the link between equipment investment and economic growth across countries is stronger than can be … generated by the Solow model. Accordingly, they conclude that such investment yields important external benefits. However, their … externalities to equipment investment. In particular, we find that the empirical link between investment and growth in the OECD …

The Tax Reform Act of 1986 was expected to cause an overall decline in business fixed investment and a shift in the … composition of investment away from machinery and equipment, which previously had received an investment tax credit. Yet neither … investment relative to GNP nor equipment investment relative to total investment declined during the period 1987-89. This paper …

This paper derives and estimates models of nonresidential investment behavior in which current and future tax … postwar U.S. investment behavior, particularly for investment in machinery and equipment. In addition, the paper develops a … method for assessing the impact of tax policy on the volatility of investment when such policy is endogenous. Illustrative …

attributable to increased investment incentives during that period. Using estimates of a three-state (taxable, not taxable …

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

investment in plant and equipment …

; and the relationship between corporations' real investment decisions and their financial decisions. While some of the … of investors' demand for a greater risk premium. All of the papers present empirical findings in a useful analytical …

policies, with particular focus on saving, risk-taking, and corporate investment in the United States and abroad. The papers …

Auerbach, Alan J.: Investment, taxation, and growth. S. 224-250 …