We develop a model of investment with financial constraints and use it to investigate the relation between investment … between q and investment, relative to the frictionless benchmark. We present a calibrated version of the model, which, due to … this effect, generates realistic correlations between investment, q, and cash flow …

We develop a model of investment with financial constraints and use it to investigate the relation between investment … between q and investment, relative to the frictionless benchmark. We present a calibrated version of the model, which, due to … this effect, generates realistic correlations between investment, q, and cash flow …

This paper looks at the effect of demand shocks on the investment share of the economy. Using panel data on 20 OECD … countries, we show that the rate of growth of autonomous demand (exports, public spending and housing investment) is positively … correlated with subsequent values of the share of business investment in GDP. By means of an instrumental-variables strategy, we …

We develop a model of investment with financial constraints and use it to investigate the relation between investment … between q and investment, relative to the frictionless benchmark. We present a calibrated version of the model, which, due to … this effect, generate realistic correlations between investment, q, and cash flow …

Investment is crucial to the development of a nation`s economy and welfare. In contrast to the situation in the United … States, investment activity in Europe has been quite modest over the past few years. This volume gathers together a number of … papers by prominent researchers in the field of investment. It provides an overview of recent developments in this area and …