directly or indirectly through investment. In contrast to earlier studies, we conclude that there is some evidence of positive …-eligible countries to reach higher growth, but it remains unclear whether this is through higher investment or another channel. Also, the …

around 3¼ percent, but growth could reach 4-5 percent with strong pro-active policies including (i) improving investment and … savings rates; (ii) improving the efficiency of social spending and public enterprise reforms; (iii) investment in education …

buffers. They also expanded abroad while the pace of corporate investment moderated. Regarding the latter, model estimates on … aggregate corporate investment over the post bubble period show that expectation about future profitability, in particular …