The volume of work on productivity effects of research and development (R&D) investment has expanded significantly …&D investment are both positive, but smaller than the summary measures reported in previous narrative reviews and meta …

uncertainty, firms that are credit constrained switch the composition of investment by reducing productivity-enhancing investment …

&D investment at the firm level. The contribution of this study is threefold: first, we extend Máñez et al. [2014], Triguero et al … continuing investment in R&D depends on the market power of companies. We test alternative measures for market power: the …

Firm investment, Intangible assets, Loan terms, Credit constraint, Survey data, Instrumental variable approachUsing … European firm-level data from a new survey, the EIBIS, we document the effect of bank loan terms on investment in intangible … benefit from the complementarities of these assets. We document the effect of loan conditions on investment intensity, as well …

&D investment at the firm level. The contribution of this study is threefold: first, we extend Máñez et al. [2014], Triguero et al … continuing investment in R&D depends on the market power of companies. We test alternative measures for market power: the …

We examine how credit constraints affect the cyclical behavior of productivity-enhancing investment and thereby … volatility and growth. We first develop a simple growth model where firms engage in two types of investment: a short-term one and … a long-term productivity-enhancing one. Because it takes longer to complete, long-term investment has a relatively less …