Using a state-industry panel data set at the 3 digit national industrial classification (NIC) level of disaggregation … rate of profit and its components - profit share, capacity utilization rate, and capacity-capital ratio - on investment …. Our results show that: (a) the rate of profit has both short and long run positive impacts on investment; (b) the profit …

whether foreign direct investment affects the behaviour of local firms with respect to investment, product innovation and … perception and eality. The presence of foreign investment has not affected the behaviour of the vast majority of domestic firms … in terms of their investment, production of similar products to foreign firms, production of different products to avoid …

analysis further identifies sources of financing in these subsectors and discusses future investment and financing challenges …