If the relation between investment and economic growth is well established in the macroeconomic literature, the … linking investment and firm performance in the French and Italian manufacturing industries. It does so by putting forth a … novel methodology to identify investment spikes that corrects for size dependence. While maintaining the desired properties …

productivity of physical investment and is embodied in new tangible capital (e.g., structures and equipment). The model breaks the … with production. In the model, technological progress is endogenously driven by R&D investment and is composed of two parts … cases quantitatively well-documented empirical regularities: (i) the positive relation between R&D investment and the …

process innovation on productivity in the Chilean manufacturing industry during the past decade. In general, the evidence … suggests there is not a contemporaneous effect of product innovation on productivity, but there is a positive effect of process … results show the presence of lagged effects product innovation on productivity two years after innovation. Compared with the …