In this paper the standard Euler equation investment model with imperfectly competitive product markets is extended for … imperfectly competitive structures on the factor markets: labour markets and markets for investment goods. This extension leads to …

Recent theoretical developments relating to investment under uncertainty have highlighted the importance of … irreversibility for the timing of investment expenditures and their expected returns. This has subsequently stimulated a growing … empirical literature which examines uncertainty and threshold effects of investment behaviour. This paper presents a review of …

explaining the consumption path after a Marginal Efficiency of Investment shock. We use an otherwise standard medium-scale New …

rate of investment. This is proven for both the standard investment model with Cobb-Douglas production and Brownian motion … options and irreversibility, however, are shown to play an important role in the short run dynamics of investment and labor … demand. Specifically, they reduce the short run response of investment and hiring to current demand shocks, and lead to a …

This paper critiques Rothbard's ([1962] 2004) concept of gross investment. Rothbard introduced the concept in order to … investment as he defines it does not contain significant information concerning the question as to whether the capital structure …

the use of neoclassical theory as the underpinning for the empirical implementations. It is often assumed that factor … theory. In this paper, we (1) review two examples of estimation of the rate of technical progress, and (2) discuss one … attempt at modeling investment. We identify their shortcomings and the problems with the alleged policy implications derived …

This paper proposes a theory for the evolution of knowledge diffusion and growth over the very long run. A feedback … mechanism between capital accumulation and knowledge spillovers creates a unified growth theory that explains a long epoch of … produced by market R&D activities. -- Endogenous growth ; knowledge spillovers ; R&D ; globalization ; unified growth theory …

-based investment incentives on capital spending and real activity. In particular, we investigate the effects of a temporary expensing … allowance on investment in partial and general equilibrium and challenge the conventional view, advanced by Auerbach and Summers …) that such incentives can be destabilizing. Second, we consider the relative impact of two types of tax-based investment …

This paper is intended to study the following questions: What are the important determinants of investment? How would … these determinants affect investment? What are the policy implications for government to have impact on investment? What are … the major different issues on investment between developed economies and developing economies? What are the gaps between …

The relationship between inventory investment and the real interest rate has been difficult to assess empirically … real interest rate on inventory investment. The authors show that this framework does not separately identify the effects … of real interest rate on inventory investment from variables that determine the expected marginal cost of production. In …