This paper develops a unified framework to analyze the dynamics of firm investment in countries with poor legal enforcement. The firm’s technology edge over the government generates endogenous property rights. Industry variation in the technology gap predicts a sectoral pecking-order of expropriations. Long-run investment distortions may be Pareto superior relative to persistent investment at t...

We have conducted a dynamic stochastic investment analysis of carbon capture, transport and storage (CCTS) retrofitting in an environment of CO2 price and technology uncertainty. It includes the option to invest in, and to use or shut down, the CCTS unit. While modeling certificate price uncertainties is standard, stochastic processes including diminishing increments are implemented for thermal...

This paper proposes a method for examining the causal relationship among investment in information technology (IT) and the organization's productivity. In this method, first a strong relationship among (1) investment in IT, (2) use of IT and (3) organization's productivity is verified using correlations. Second, the assumption that IT investment preceded improved productivity is tested using pa...

introduction: the growth of agricultural production and natural resources are from primary objectives of any political system, because this section has a vital role in providing food security. according to the production theories, production growth will come from two sources; more use of production factors within the framework of existing technologies and second, with using more advanced and mo...

a r t i c l e i n f o Tacit knowledge affects the trade-off between entrepreneurship and technology transfer. I present a formal model in which an inventor and the existing firm engage in a strategic innovation game by choosing whether to compete or to cooperate through technology transfer. The model highlights how the problem of tacit knowledge affects the inventor's R&D investment and the exi...

merging technologies, which have significantly improved animal performance and product quality, are the primary drivers of our rapidly evolving swine industry. However, it can be difficult for producers to determine whether it would be beneficial to make the investment necessary to adopt new technology. Several measures can be used to evaluate an investment in a new technology, but investments ...

A basic neoclassical model of production is often used to assess the contribution of investment to output growth. In the model, investment raises the capital stock and output growth increases in proportion to the growth in capital. It has been argued, however, that computers, as a “general purpose technology,” lead to process innovations and facilitate organizational coinvestments. Since there ...

We analyze an economy where firms undertake both innovation and adoption of technologies from the world technology frontier. The selection of high-skill managers and firms is more important for innovation than for adoption. As the economy approaches the frontier, selection becomes more important. Countries at early stages of development pursue an investment-based strategy, which relies on exist...

Using contingency theory, we argue that there is not a uniform approach for companies to govern information technology (IT) investments. Rather, the level of governance over IT investments contingent upon organization’s goals its We find Australian organizations with both operation- and market-focused investment (i.e. dual-focused goals) demonstrate higher (ITIG) levels than those less focused ...