This book presents an up-to-date overview of the theory as well as the empirics of the relationship between investment … investment theory, professionals in the financial sector and students of macroeconomics and finance. Investment, Capital Market …, the authors discuss both traditional investment models with uncertainty and the more modern option based models. They …

responsible for only a small fraction of national investment and is reasonably effective (as in the United States). But when … government is a major investor and is ineffective, the gap between capital and cumulative, depreciated investment effort (CUDIE …) may be enormous. A public sector steel mill may absorb billions as an investment, but if it cannot produce steel it has …