(i) separating investment and financing decisions, (ii) considering explicitly risk and temporal flexibility, and (iii … stepwise develops a model extending a simple net present value calculation to a farm-scale simulation model based on … regions. The variants suggest quite different optimal results with respect to scale and timing of the investment, its …

This paper studies the investment creation and diversion effects of the EU's Single Market programme (EU92). We first … present empirical evidence which suggests that EU92 caused investment diversion in the European Free Trade Association (EFTA …) nations and investment creation in the EU. The economic logic behind this is simple. Discriminatory liberalization shifts …

private investment. All the analyzed variables' signs are consistent with the theory, with the exception of the real interest …Empirical studies regarding the determinants of private investment in developing countries, including Brazil, have … demonstrated the high inflation's rates negative impact on investment. However, the recent Brazilian's experience clearly shows …

This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A …

simulation exercises carried out are reported to show that for very wide range of parameter values, such cyclical growth paths …

Productivity -- II.3 Simulation Procedures -- II.4 Whither Simulations? -- References -- Author Index. … Theory (Vienna, May 16-18, 1984), and in the sixth annual Conference of the Society for Economic Dynamics and Control (Nice …

This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A …