advantage of the high returns to investment seemingly offered by that small open economy under such favorable conditions, on the … process of small open economies: the responses of investment to positive TFP shocks are muted and shortlived, while those to …

implications for the analysis of investment demand and its responsiveness to tax policy. We estimate the structural parameters of a … model in which domestic and foreign investment interact in two important ways. First, the MNC's production technology allows … investment in one locaton may be affected by investment in other locations. We estimate the model using firm-level panel data …

that foreign reserve accumulation is part and parcel of a growth strategy based on strong capital investment in a …

Using firm-level data for 18 major global economies, we find that the exchange rate affects corporate investment … through a financial channel: exchange rate depreciation dampens corporate investment through firm leverage and FX debt. These … findings are consistent with the predictions of a stylised model of credit risk in which exchange rates can affect investment …

This paper proposes a novel channel, i.e., within-firm intangible-tangible investment composition, through which … tangibles and the unit-cost differential, which triggers within-firm investment reallocation. It turns out that allocative … domestic investment, the larger the financial inflows, the more likely the productivity eventually exceeds its initial level …

investment. Import intensity may rise or fall along the transition path, depending on the relative import intensity of … consumption and investment. Calibrating the model to the U.S. economy, we find that investment is more import intensive than … of investment and factor accumulation, and again find a negative relationship between consumption and import intensity …