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Jason G. Cummins, Kevin A. Hassett, R. Glenn Hubbard, Robert E. Hall, Ricardo J. Caballero, A Reconsideration of Investment Behavior Using Tax Reforms as Natural Experiments, Brookings Papers on Economic Activity, Vol. 1994, No. 2 (1994), pp. 1-74
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Cummins et al. (1994) studied this question.
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