between business formation and medium run growth. An investment externality is identified that results in underaccumulation of … capital in the decentralized market equilibrium and, thus, creates an investment multiplier. Some form of investment promotion … is called for. The paper compares the effectiveness of policies to promote business formation with a general investment …

. Therefore, in an inflationary period generous tax depreciation provisions do not promote private investment as designed, but …

vermittelten Wissens ein Lehrbuch wie die Lehrbücher von K. Olfert: "Investition" und "Finanzierung" nicht ersetzen, für …