therefore influence firm economic productivity. In this study, we develop a framework and test the relationship between economic … productivity and organizational slack through an examination of 9 years financial data of 106 U.S. listed companies. Each variable … IT investments which later are consumed and converted into economic productivity. Full paper available at https …

-goods producers drops during recessions. We then develop a model of lumpy investment with heterogeneous firms and endogenous … equilibrium feedback accounts for the observed comovement between investment and innovation, provides a powerful propagation … mechanism for macroeconomic shocks, and generates endogenous aggregate-productivity dynamics. Policies that stimulate capital …

This paper studies the effects of investment tax credits on firms’ input choices by exploitinga sudden shift in the tax … significant increase in both investment and employment, with implied elasticities with respect to capital costs of 2.8 and 1 … evidence that the average firm adjusts its skill mix or occupational structure, firms in industries with higher investment …

planner, on the aggregate investment in the new technology. The optimal policy has a Pigou's flavor but accounts for the non …