rate of profit and its components - profit share, capacity utilization rate, and capacity-capital ratio - on investment …. Our results show that: (a) the rate of profit has both short and long run positive impacts on investment; (b) the profit … contemporaneous positive impact on investment. …

, profitability, investment and growth, based on China's manufacturing firm-level dataset over the period 1998 - 2007. First, we find …, the profitability-growth relationship is mediated via investment. Firm's contemporaneous and lagged profitabilities …, and account for 15% - 20% of the variance in firms' growth rates. The direct relation between profitability and firm …