on companies’ capital retirement behaviour. It is conducted using individual company data, as well as original data on … estimation of capital retirement models may be summarised as follows: i) The retirement rate decreases with the variations in … countercyclical decelerator effect on capital retirement; ii) The capital retirement rate increases with the structural intensity of …

on companies' capital retirement behaviour. It is conducted using individual company data, as well as original data on … estimation of capital retirement models may be summarised as follows: i) The retirement rate decreases with the variations in … countercyclical decelerator effect on capital retirement; ii) The capital retirement rate increases with the structural intensity of …

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 …

and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts … that the price of capital may have been significantly distorted in the 1990s and 2000s. The distortion could have been …

This paper extends the q-theory of investment to model explicitly the decision of firms to invest in intangibles and … measures the contribution of intangible goods to the overall capital stock in the U.S. The model highlights the embodiment of … investment to the overall capital stock. The downward trend in the aggregate investment deflator series reported by national …

capital markets to foreign investment. Third, we find that the relative factor price of labor to capital, and capital … capital intensity are less affected by windfall shocks than their peers, possibly due to a larger share of the effect being … sectors in capital intensity helps cushion the volatility of oil shocks. …