equipment-goods sectors are cointegrated if and only if the aggregate neutral productivity and the investment … common stochastic trend of sectoral productivities in explaining the movements of investment-specific technology as well as … those of interesting macroeconomic aggregates such as output, consumption, investment and hours worked. For this end, I …

. We use the theory to compare current accounting measures for labor productivity and investment with the corresponding … understate the boom in productivity and investment … 1990s, provided that variations in population growth, depreciation rates, total factor productivity, and taxes are …

between leverage and changes in investment and production when firms face a sudden change in their investment opportunity sets … leveraged oil producers reduce investment and increase production to generate cash flow to make their debt payments after the …