demonstrates the neutrality properties of the reform with respect to investment, firm financial decisions and organizational choice …. Tax rates are chosen to prevent income shifting from labor to capital income. The reform decisively strengthens investment …

more favourable loan package; that it is associated with over-investment even when investment does not create collateral …

Output growth, investment and the real interest rate in long run evidence tend to be negatively affected by inflation … investment rate, opposite of evidence. The paper resolves this puzzle by requiring exchange for investment as well as consumption …. Inflation then decreases the investment rate, and still decreases both output growth and real interest up to some moderately …

Output growth, investment and the real interest rate are all found empirically to be negatively affected by inflation …. But a seeming puzzle arises of opposite Tobin-like inflation effects because theory indicates a negative Tobin effect when … investment falls and a positive Tobin effect when the real interest rate rises. We define inflation's Tobin effect more …

focus on the effect of such shocks on investment. We examine two polar cases; an economy in which agents have unconstrained …, manifested through poorly developed financial markets. The theoretical analysis shows that the shock of a disaster occurrence …

We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker … coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on …

role of rising rates of investment. Because labor reallocation across sectors, TFP growth at the sector level and … investment are all inter-related, simple growth decompositions that are often used in the literature are not appropriate for … continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …

problem requires pioneering investment. Since this generates externalities it will be undersupplied. Donors have both the …

total investment in intangibles was 227 billion or approximately two-thirds of the total investment in fixed capital in 2004 …. Thus, investment in intangibles was considerable in 2004. The corresponding figures for the UK and the US were 10.9 and 13 …