ownership and capital demand adjustment in host countries. The author estimates a dynamic structural model of investment on a …

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

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 …

This paper investigates corporate fixed investment in Hungary between 2001 and 2014 using firm-level data. We analyse … the composition, heterogeneity and the drivers of corporate investment. Investments in Hungary are highly concentrated and … before the crisis: the investment rate was stagnant and investment activity declined. However, the performance of firms was …

A detailed treatment of aggregation and capital heterogeneity substantially improves the performance of the investment … capital. The model fits well the value, momentum, investment, and profitability premiums simultaneously and partially explains … profitability premiums, as well as the countercyclical and long-term dynamics of the value and investment premiums. However, the …

This article reviews the impact of intellectual property (IP) protection on foreign direct investment (FDI) by … found that the effect of IP protection on investment decisions by MNEs differs according to the development level of the …