Conventional estimates of the impact of taxes on investment may be seriously biased by measurement error in the cost of …, accounting for about 20 percent of the tax term's variance. Correcting for the error with IV estimation shows that taxes … significantly affect both prices and investment and that conventional results may be off by as much as a factor of four …

Conventional estimates of the impact of taxes on investment may be seriously biased by measurement error in the cost of …, accounting for about 20 percent of the tax term's variance. Correcting for the error with IV estimation shows that taxes … significantly affect both prices and investment and that conventional results may be off by as much as a factor of four …

Conventional estimates of the impact of taxes on investment may be seriously biased by measurement error in the cost of …, accounting for about 20 percent of the tax term's variance. Correcting for the error with IV estimation shows that taxes … significantly affect both prices and investment and that conventional results may be off by as much as a factor of four …

) complementing the usual estimation of a distributed lag model. A correction term accounts for non-random sample attrition, which has … not been considered in previous studies on investment even though most (if not all) panel data sets on firms are … corporate income tax rate was partly compensated for by stricter depreciation allowances. Investment dynamics appear to be …

Using a firm-level panel data set I assess whether dynamic models of investment provide an empirically fruitful …) complementing the usual estimation of a distributed lag model. A correction term accounts for non-random sample attrition, which has … not been considered in previous studies on investment even though most (if not all) panel data sets on firms are …