This paper analyse the determinants of investment in Brazil in an environment of globalisation. To achieve a proper … volatility is one of the main results of the globalisation, we deal with some theories of investment under uncertainty. The GARCH … as the main determinant of investment – Verdoorn Law mechanism – followed by exchange rate levels, while volatility has a …

From neoclassical theory output, capital stock and the user cost are cointegrated; capital and investment also (multi …)cointegrate through the capital accumulation identity. An investment equation is estimated on UK data using a new capital stock series and … specifications, but single-equation investment relationships may obscure the dynamics. The Johansen method is over-sized, but …

effect and the investment effect in aggregate time series for Germany after the Reunification in 1990. Moreover, we discuss …

Is real investment fully determined by fundamentals or is it sometimes affected by stock market misvaluation? We … introduce three new tests that: measure the reaction of investment to sales shocks for firms that may be overvalued; use Fama … misvaluation into standard investment equations to estimate the quantitative effect of misvaluation on investment. Overall, the …

Investment fell sharply in the euro area after the financial crisis and has not yet returned to pre-crisis levels in … investment dynamics. By doing so, we compare five prominent uncertainty proxies put forward in the recent literature: the … type of uncertainty proxy, we document pronounced negative investment responses to uncertainty shocks. We further show that …

We analyze the effects of intangible investment on international output synchronization. Using a dynamic stochastic …

persistent decline in investment. Moreover, the territorial dispute has led to persistent pessimism in these firms' expectations … about future sales, which can explain 60% of the overall decline in investment. …

When investment is irreversible, theory suggests that firms will be "reluctant to invest." This reluctance creates a … wedge between the discount rate guiding investment decisions and the standard Jorgensonian user cost (adjusted for risk). We …

firms in making their investment decisions. We use a revealed preference approach that relies on the pattern of investment … spending - combined with investment theory - to estimate the discount rates used by managers. The standard story predicts that … firms with high stock prices and good investment opportunities should have discount rates that do not differ systematically …