This paper extends the model of Fielding (1999), which is designed to explain changes in investment in South Africa … the political factors, but these factors do explain some of the variation in investment over time. …

We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker … coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on …

linkages between investment in fixed and working capital and financing constraints.  We find that those firms characterized by … high working capital display high sensitivities of investment in working capital to cash flow (WKS) and low sensitivities … of investment in fixed capital to cash flow (FKS).  We then construct and analyze firm-level FKS and WKS measures and …

private investment as a share of GDP in a sample of 72 developing countries.  Our empirical results suggest important … differences between oil and non-oil resources.  While revenue from oil exports tends to increase private (and public) investment … investment determinants, such as measures of the quality of institutions, political instability or macroeconomic volatility. …

liquidity fund for the precautionary buffers to deal with commodity price volatility, and an investment fund to park part of the … windfall until the country is ready to absorb extra spending on domestic investment. Capital scarcity implies that a positive … part of the windfall should be spent on domestic investment. The conclusions highlight the political economy problems that …

growth was high investment, and that this high investment was made possible by certain institutions that were particularly … well suited to reconstruction and growth. On the domestic side, these institutions led to high investment rates and …