Since the mid 1990s labor productivity growth in Sweden has been high compared to Japan, the US and the western EU … investment was 25 percent of value added in manufacturing, while the corresponding figure for the service sector was 11 percent … investment accounted for almost 30 percent of labor productivity growth in manufacturing. Thus, investments in intangibles that …

, Norway, and Sweden over the years 1965-1990.Particular attention is given to the effect of taxes on this process … framework of the neo-classical model.The error-correction estimations indicate that investment is relatively sensitive to … economic shocks.Taxes seem not to have had significant effects on long-run capital levels nor on the timing of investment …