discontinuous growth can be based on a couple of assumptions: (a) in the short run, the firm’s equipment and organization provide … different locally optimal size. Secondly, when demand is growing, investment are expected to increase just when profits falls … between investment and profitability, controlling for the size of firms. …

Firm’s size tipically changes through discrete leaps over time.The model of firm’s growth discussed here entails some …, investment increases in those firms where profit falls shorter some given threshold. The main predictions of the model are …

discontinuously even if those inertial factors were removed. For instance, a very essential model of discontinuous growth can be based … framework. First of all, an upper bound constraints both investment and disinvestment. Secondly, the profitability is not a …. Therefore, firm’s level data would prove only weak statistical relationships among profitability, output and investment. Finally …

financial constraints is fundamental to the analysis of monetary transmission, of financial stability and of growth and …

financial constraints is fundamental to the analysis of monetary transmission, of financial stability and of economic growth and … method of checking the informational content of the data is developed. The relationship between investment activity and … constraints do indeed play a part in the investment process. Second, small firms close their capacity gaps faster than large firms …

We survey recent microeconometric research on investment and employment that has used panel data on individual firms or … theory of the demand for capital and labour, on which most of the econometric models of investment and employment that we … of adjustment, which have played a prominent role especially in the microeconometric literature on investment. With …