Firms reduce investment when facing downward wage rigidity (DWR), the inability or unwillingness to adjust wages … DWR to document this fact. Following a one standard deviation increase in the minimum wage, firms reduce their investment … investment cut is larger than the benefit of the wage increase. This investment cut cannot be fully explained by labor adjustment …

In the present empirical analysis we try to assess the impact of taxation on investment growth. In particular, and by … using gross fixed capital formation as a proxy for investment, we intend to evaluate the impact of the taxation structure in … investment dynamics, in a short and a long-run perspectives. This empirical exercise was conducted for all OECD countries, during …

In this paper, we explore the link between SME investment, firm economic characteristics, and the presence of financing … disaggregates investment by asset type and allows a granular assessment typically not present in the existing literature. Our … approach links investment to the marginal product of capital using a stochastic frontier model to explore, and measure, the …

Macroeconomic and sector-specific shocks exert differential effects on investment in disaggregate sectoral data. The … monotonically. A calibrated model of investment with convex capital adjustment costs and rational inattention explains these … features of the data. The model matches the empirical responses of sectoral investment because learning about shocks generates …

&D investment relative to assets-in-place that support existing products; (2) carry more cash; and (3) maintain less net debt. We …

The interaction between product market competition, R&D investment, and the financing choices of R&D-intensive firms on …&D investment relative to assets in place that support existing products; (2) carry more cash; and (3) maintain less net debt. Using …