utility function whose arguments are consumption and investment. They desire to accumulate wealth for its own sake - this is …

utility function whose arguments are consumption and investment. They desire to accumulate wealth for its own sake — this is …

power has become a policy priority. To fill this knowledge gap, this paper introduces a simple simulation method, the …

power has become a policy priority. To fill this knowledge gap, this paper introduces a simple simulation method, the …

more favourable loan package; that it is associated with over-investment even when investment does not create collateral …

This Working Paper assesses the impact on investment of a reduction in corporate taxes and the impact on employment … (1967), we estimate an investment function, which depends on the user cost of capital, one of whose determinants is the … short and long-term effects on investment in machinery and equipment. While the user cost of capital declines 0.9 percent …

general equilibrium models, with respect to the specification of capital and investment aggregation. They demonstrate that … (small) differences in the specification of capital and investment aggregation may yield large differences in the policy …

by modifying the investment modelling within the dynamic CGE setting. The standard formulation of installation costs for … capital is extended through the inclusion of adjustment costs that depend on the change of the investment level. Such … formulation of the adjustment costs within the dynamic CGE model leads to an investment behaviour that mirrors the empirical data …

This paper suggests a method of approximating the development of investment in transition economies through an … amendment of the standard adjustment cost formulation for investment within dynamic Computable General Equilibrium (CGE) models …. Letting adjustment cost depend on the difference between the investment levels of two periods (rather than only on the gross …