The aim of this paper is to empirically analyse the effects of governmentally promoted credit access on the investment … behaviour of credit rationed farmers. This is done by specifying an empirical investment equation which is estimated on a cross …-sectional sample of Polish farm household data. In contrast to conventional neo-classical investment models, the investment equation …

changes in the signal-to-noise ratio via a time-varying scale parameter. In the current literature, this time-variation is …-ordered logit model in which the time-variation in an individual-specific scale parameter follows a Markov process. In case …

We survey recent microeconometric research on investment and employment that has used panel data on individual firms or … theory of the demand for capital and labour, on which most of the econometric models of investment and employment that we … of adjustment, which have played a prominent role especially in the microeconometric literature on investment. With …

This paper tests for the importance of cash flow on investment in fixed capital and R&D using firm-level panel data in … investment or R&D. In identical pecifications for British firms, cash flow is informative about investment, although not about … the level of R&D spending conditional on the R&D participation decision. In the UK, we also find that investment is less …