Using firm-level data for 18 major global economies, we find that the exchange rate affects corpo-rate investment … through a financial channel: exchange rate depreciation dampens corporate invest-ment 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 presents a database of investment and capital in agriculture, an essential input for cross-country macro … methodology used to construct the series of fixed capital stock by changing how the agricultural GDP and investment is forecasted …

This paper investigates the effect of firm-level investment on the levels of income inequality and poverty. Using a … sample of firms from 87 countries for the period from 1979 to 2018, we document that firm-level investment is negatively … investment proxies, empirical model specifications, and a variety of country-level controls. Further evidence shows that firm …

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 …

We quantify the impact of barriers to international investment, using a novel multi-country dynamic general equilibrium … asset positions. We estimate this gravity equation using recently developed foreign investment data that have been restated … to account for offshore investment and financing vehicles. We show that a parsimonious implementation of the model with …

Globalization and technological innovations create investment opportunities for firms worldwide. In fact, while firms … pursue foreign direct investment (FDI) opportunities on a global basis, countries compete to attract these flows. Investment … decisions by firms depend on complex and distinct factors. In particular, in the case of foreign investment one of these factors …

investment using panel data techniques. Among other results, we confirm the high importance of tangible and intangible ICT … ICT investment, tackling the barriers to ICT adoption and broad-based digitalisation are critical for the EU in order to …