This paper analyzes the accumulation of fixed productive capital in the manufacturing industries in Denmark, Finland … framework of the neo-classical model.The error-correction estimations indicate that investment is relatively sensitive to … economic shocks.Taxes seem not to have had significant effects on long-run capital levels nor on the timing of investment …

, interacting in a complex manner (domestic credit, export of goods and services, Foreign Direct Investment . net inflows, saving … services, Foreign Direct Investment . net inflows, savings). Part four highlights the results of the research alongside other …