Investing today for the world of tomorrow studies on the investment process in Europe ; with 55 tables

Investment is crucial to the development of a nation`s economy and welfare. In contrast to the situation in the United States, investment activity in Europe has been quite modest over the past few years. This volume gathers together a number of papers by prominent researchers in the field of investment. It provides an overview of recent developments in this area and presents new empirical findings on the determinants and implications of the investment process in European countries. Among the topics examined are the role played by taxation, uncertainty and the financial systems, as well as the relevance of corporate governance to the investment process. Two chapters are dedicated to infrastructure investment and foreign direct investment. Front Matter....Pages I-VI Investing Today for the World of Tomorrow — a Summary....Pages 1-8 Tax Policy and Capital Formation under the EMU: Perspectives on German Economic Policy....Pages 9-37 Discussion....Pages 38-42 Discussion....Pages 43-46 Investment and Taxation in Germany — Evidence from Firm Level Panel Data....Pages 47-73 Discussion....Pages 74-78 Discussion....Pages 79-83 Infrastructure Investment and Economic Activity: Theoretical Issues and International Evidence....Pages 85-124 Discussion....Pages 125-130 Uncertainty and Firm Level Investment in West Germany....Pages 131-151 Discussion....Pages 152-161 Discussion....Pages 162-164 Capital-Market Imperfections, Investment, and the Monetary Transmission Mechanism....Pages 165-194 Discussion....Pages 195-196 Discussion....Pages 197-200 Corporate Governance and the Financing of Investment for Structural Change....Pages 201-220 Discussion....Pages 221-224 Discussion....Pages 225-228 Firm Level Investment and R&D in France and the United States: A Comparison....Pages 229-273 Discussion....Pages 274-278 Discussion....Pages 279-284 Interpreting Developed Countries’ Foreign Direct Investment....Pages 285-325 Discussion....Pages 326-330 Discussion....Pages 331-335 Back Matter....Pages 337-338 Investment is crucial to the development of a nation'ss economy and welfare. In contrast to the situation in the United States, investment activity in Europe has been quite modest over the past few years. This volume gathers together a number of papers by prominent researchers in the field of investment. It provides an overview of recent developments in this area and presents new empirical findings on the determinants and implications of the investment process in European countries. Among the topics examined are the role played by taxation, uncertainty and the financial systems, as well as the relevance of corporate governance to the investment process. Two chapters are dedicated to infrastructure investment and foreign direct investment Investment is crucial to the development of a nation's economy and welfare. In contrast to the United States, investment in Europe has been quite modest over the past few years. This volume gathers together a number of papers by prominent researchers in the field of investment. It provides an overview of recent developments in this area and presents new empirical findings on the determinants and implications of the investment process in European countries. Topics include: role of taxation, uncertainty and the financial systems, as well as the relevance of corporate governance to the investment process. Two chapters are dedicated to infrastructure investment and foreign direct investment.