This Working Paper assesses the impact on investment of a reduction in corporate taxes and the impact on employment … (1967), we estimate an investment function, which depends on the user cost of capital, one of whose determinants is the … short and long-term effects on investment in machinery and equipment. While the user cost of capital declines 0.9 percent …

The purpose of this paper is to construct an econometric model of the determinants of private investment with a … particular focus on the impact of democracy on investment. Design/methodology/approach - The first step was to econometrically … investment function. Also the econometrically derived long run elasticities in the CGE model were used. Findings - It was found …