Hek, P.A. de

growth growth rate effect equation capital uncertainty value income host-country fi rm journal investment research shareholding equilibrium condition economic function labor share share adjustment increase shock model taxation host-country jv instability result demand analysis intertemporal substitution adjustment proposition change paper economy market utility leisure level venture consumption return technology output tax rate sector volatility appendix expectation editorial board substitution knowledge creation growth path income taxation instability growth paths knowledge parameter future taylor series expansion demand uncertainty productivity future share adjustment capital income taxation profit intertemporal leisure activities education sector t +1 h utility function labor income proof partner relationship elasticity review figure research level equilibrium period jv formation