investment demand and the production of capital goods. There are three major findings: first, capital suppliers¡¯ inventory … behavior makes investment demand more volatile in equilibrium; second, equilibrium price of capital is characterized by …

, when in fact the Japanese economy was depressed. This study applies the new theory with intangible investment and non … theory are much closer to the actual data. The improvement of this extension remains robust when tangible investment …

uncertainty significantly reduces managers' expected investment, employment and production in the short and mid run. We collect …

In this paper, we embed the microeconomic decisions associated with investment under uncertainty, capacity utilization … typically reduces investment at the micro level but increases aggregate investment. Finally, we study the relationship between …

profitability to investment and job creation in four country cases. New capital investment is found to be significant for …

Critical review of investment-economic performance literatures in economics and strategic management indicates that … more capital investment does not seem to contribute to higher national economic growth or to higher corporate profitability …

In this paper, we embed the microeconomic decisions associated with investment under uncertainty, capacity utilization … about the productivity of an investment project typically reduces investment at the micro level, but it raises aggregate … investment. Increases in uncertainty also have important dynamic implications, causing sustained increases in investment and …

Recent literature has shown that corporate indebtedness affects firm-level investment behavior but not necessarily … substitute depressed investment by their financially constrained competitors. The increase in investment, primarily driven by … equilibrium effects are unambiguously countercyclical because the increase in investment by unconstrained firms does not crowd out …