| 1. |
- Melén, Carl Gustav
(författare)
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A note on factor prices and technical progress
- 2011
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Ingår i: Technology and Investment. - Irvine, USA : Scientific Research Publishing. - 2150-4059 .- 2150-4067. ; 2:3, s. 202-210
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Tidskriftsartikel (refereegranskat)abstract
- Changes in the factor prices have important impacts on characteristics of investments, such as the expected lifetime, the factor intensity and the factor productivity of new capital goods. Considering both changes in factor prices as well as technical progress, different effects arise at either high substitutability or low substitutability in production. It can be shown that for a production function close to the Cobb-Douglas case, higher interest rates and technical progress will decrease the expected lifetime, the capital intensity and productivity, while the reversed outcome occurs at lower substitutability between factor inputs.
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| 2. |
- Ankarhem, Mattias, et al.
(författare)
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Do Regional Investment Grants Improve Firm Performance? : Evidence from Sweden
- 2010
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Ingår i: Technology and Investment. - Irvine, USA : Scientific Research Publishing. - 2150-4059. ; 1:3, s. 221-227
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Tidskriftsartikel (refereegranskat)abstract
- The effect of Swedish regional investment grants during 1990-1999 on firm performance, in terms of returns on equity and number of employees, were studied using a propensity-score matching-method to control for sample selection. Firms that received grants did not perform better in terms of returns on equity when compared to matched firms in the control group. In most years, recipient firms also did not hire more employees. The results thus cast doubt on the use of regional investment grants as a general policy instrument to improve firm performance.
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