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Abstract—The article considers methodological and informational problems related to calculating the dynamics of fixed assets (fixed capital) in the Russian economy over 1990–2000. Special aspects of measuring the fixed assets performance using various statistical classifiers, the effect produced by the base of comparable prices on assessing the performance and reproduction characteristics of fixed capital are analyzed. Calculated estimates of its rate of change in the context of certain types of economic activity for 2005–2019 are given; and a possible direction for their refinement is also proposed.

The article examines in detail the main areas and methodological features of a comprehensive analysis of movement and use of fixed capital of machine building enterprises. The fixed capital of enterprises is particularly important in the process of economic activity and it requires considerable investment for development and improvement. The purpose of this study is to develop a comprehensive approach to the quantitative assessment of change in the fixed assets of enterprises, their structure, and efficiency of use.

This scientific article is concentrated on the issues of evaluation of effectiveness of state regulation of the fixed capital reproduction in Ukraine using the methodology of taxonomic analysis. The study of modern economic literature has shown that scientists-economists have studied and explained numerous indices that allow evaluate the present day state of reproduction of the fixed capital. The authors propose their own approach to evaluation of effectiveness of state regulation of the fixed capital reproduction through the prism of the fixed capital reproduction process. That is, the authors made a detailed description of specific indices of effectiveness at certain stages of the process of reproduction of the fixed capital, which is presented in the summary table. Comprehensive effectiveness of state regulation of the fixed capital reproduction is determined using an integrated index that characterizes effectiveness of state regulation of the fixed capital reproduction using the method of taxonomic analysis applied for multidimensional economic concepts that are described by a considerable number of indices. Calculations proved instability of the taxonomic indices during the study period which, according to the authors, indicates a decline in the efficiency of reproduction processes connected with reproduction of the fixed capital in Ukraine.

This paper investigates the causal relationship between firms’ R&D expenditures and their investments in fixed capital. It argues that a firm’s R&D expenditures lead to inventions that in turn trigger investments in fixed capital, as the manufacturing of newly invented goods or services requires the creation of additional production capacities. Using firm-level panel data ranging from 1990 to 2014, the paper applies a 2SLS approach to uncover the direction of causality between R&D expenditures and fixed capital investment. To obtain exogenous instruments, the paper exploits shocks to i) technological opportunities and ii) innovative sales of capital goods industries. The results reveal that firms’ R&D expenditures cause subsequent investments in fixed capital, while there is no evidence of the reverse effect. An increase in R&D expenditures of 1% leads to an increase in fixed capital investments between 0.4% and 0.6%. Therefore, increasing R&D expenditures may not only be valuable for long-term economic growth but also, via fixed capital investment, provide the economy with positive stimuli in times of prolonged stagnation.

This article, the second of two, argues that conceptualizing the socioecological fix involves understanding how fixed capital, as a produced production force, can transform the socioecological conditions and forces of production while also securing the hegemony of particular social hierarchies, power relations, and institutions. We stress that fixed capital is inherently political-ecological in its constitution and how it shapes socioecological processes of landscape transformation. Fixed capital necessarily congeals socioecological materials and processes and can be understood as a produced form of nature tied to the circulation of value and the deployment of social labor. Fixed capital is therefore inherently metabolic and internalizes and transforms socioecologies. We also discuss the fixing of capital within socioecological landscapes as processes involving both the formal and real subsumption of nature. We emphasize the dual role of fixed capital formation in shaping the socioecological conditions and forces of production and, more broadly, of everyday life. Thus, we argue, fixed capital formation as a metabolic process cannot be fully conceptualized in narrowly economic terms. We turn to Gramsci and some recent work in political ecology to argue that socioecological fixes need to be understood in ideological terms and specifically in the establishment and contestation of hegemony.

MENA is one of the richest regions in the world in terms of natural resources: it holds more than 60 percent of the world’s proven oil reserves, mostly located in the Gulf region, and nearly half of gas reserves. Oil represents 80-85 percent of merchandise exports in the region, making it highly depending on fluctuations in international prices. A long strand of economic literature has suggested that such dependence may hurt a country’s growth prospects and the scope for job creation by reducing economic diversification. This volume investigates the effect of natural resources and the role of policies on achieving higher and sustained growth through diversification away from oil. It explores analytical questions which include: (i) the impact of the real exchange rate on manufacturing and tradable services competitiveness in MENA; (ii) the role of fiscal policy in supporting diversification; (iii) how “weak links” (input sectors with low productivity) play a critical role in explaining the concentration of economic activities, in addition to the classical Dutch Disease effect and (iv) the impact of macroeconomic factors on the drive for regional integration Several policy recommendations emerge from this analysis: (i) policymakers should strive to avoid real exchange rate overvaluation through consistent fiscal policies, flexible exchange rates and adequate product and factor market regulations; (ii) reforms to improve the competition and efficiency of upstream input activities are crucial for improving the performance of downstream activities and diversification in MENA (iii) a consistent and transparent fiscal policy is essential to reduce instability, build the fiscal space needed to invest in core infrastructure and human capital and create a favorable environment for diversification; (iv) while regional trade integration is desirable for political, social, cultural and economic reasons, in terms of trade liberalization, this is not the best option for resource-rich countries of the region. Policymakers should take this into account in discussing regional integration options. It is hoped that the findings of this work will be of interest to policymakers, the civil society, donors and practitioners in MENA countries and stimulate the debate of such an important topic.

We develop and test a model of the simultaneous determination of global gross fixed capital investments by multinational firms. We integrate a model of multi-product firms choosing optimal manufacturing locations with a model of dynamic investment optimization. Firms adjust capital stocks in each location in accordance with the expected marginal profitability of capital. Analysis of 1504 fixed capital investment decisions by Japanese multinational firms confirms the prediction that investment is determined not only by total factor productivity, effective demand, and wage levels in the host country, but also by wage levels in other countries in which the firm operates.

There has been a proliferation of studies seeking to understand the relationship between remittances and economic growth albeit with contradicting outcomes. The study evaluated the impact of remittance inflows on economic growth in Zimbabwe. The Autoregressive Distributed lag model with time series data from 1980 to 2020 was utilised. Apart from remittance inflows the model also included other variables that impact economic growth. Variables such as fixed capital formation, private consumption, foreign direct investment, and private consumption were included as explanatory variables. The results indicated that remittance inflows positively impact economic growth in the short and long run. Fixed capital formation hurts economic growth in the short run, while private consumption was found to have a negative impact on economic growth both in the long run and short run. As the results indicated that remittance inflows spur economic growth, policy concern should focus on increasing remittance inflows in Zimbabwe to promote economic growth.

The main aim of the paper is to assess the impact of fix capital, energy use and domestic material consumption in changing the inland Romanian economic paradigm, from an economic perspective, using the intensive form of the Cobb-Douglas function. In order to identify various connections of economic growth, sustainable development, energy usage has determined the application of the vector error correction (VEC) model and the implied error correction term (ECT). This method was chosen based on the premise that it has a high degree of applicability and it can be used in order to revile significant aspects terms of indicator significance and displays. The results obtained during the research confirm that both in Romania and at EU-28 level there are determinant and significant elements shaping a proactive economic policy.

This study considers the Tobin's q of a 'multi-product' firm with fixed capital goods. This modified version of Tobin's q includes a share of the fixed capital goods in a firm's investment. A firm in a developing economy, such as a South Korean chaebol, catches up the world frontier technology with its diverse products. The fixed capital investments of chaebols are conducive in pursuing diversifications, thereby exhibiting high Tobin's q. Moreover, achieving an Ak technology enables chaebols to reap their growth on the endogenous path. We observe a high disparity between the 'chaebol-incumbent' and 'non-incumbent' firms in their growth performances in the previous half-century experience of the South Korean economy. We attribute this disparity to the endogenous growth of chaebols.