Capital income tax policy affects investment by the parent and affiliates of multinational corporations (MNCs). In a … model in which technical advances are embodied in new capital, investment will translate directly into productivity gains … 1992, due to productivity growth in MNCs with Canadian affiliates; (3) the investment elasticity of productivity growth is …

the firm's investment decision to identify the embodied and disembodied components of productivity growth. With a Cobb …

. Our main insight is that investment expenditures are informative about a producer's capital stock, and we propose a hybrid … IV-Control function approach that instruments capital with (lagged) investment, while relying on standard intermediate …

Capital income tax policy affects investment by the parent and affiliates of multinational corporations (MNCs). In a … model in which technical advances are embodied in new capital, investment will translate directly into productivity gains … 1992, due to productivity growth in MNCs with Canadian affiliates; (3) the investment elasticity of productivity growth is …

given time-lag between investment and the accumulation of the capital stock, to analyze the qualitative and quantitative … influence of time-lags on the system dynamics. As known from the time-to-build literature, optimal investment paths for positive … that the greater is the time-lag between investment and capital accumulation, the more likely and more pronounced becomes …

, but relate such changes to agents' rational investment decisions. -- political economy ; inequality ; redistribution of …