Output growth, investment and the real interest rate are all found empirically to be negatively affected by inflation … investment falls and a positive Tobin effect when the real interest rate rises. We define inflation's Tobin effect more … occurrence of all three negative inflation effects, on growth, investment and real interest rates, in a model calibrated to …

Critical review of investment-economic performance literatures in economics and strategic management indicates that … more capital investment does not seem to contribute to higher national economic growth or to higher corporate profitability …