In the literature investigating the impact of uncertainty on short-run and long-run investment, most authors have used … general ones and has the advantage of providing closed form solutions for both short-run investment rule and long-run rate of …

, three, and five-year investment horizons. …

We study the negative correlation between natural resource-abundance and long-term income focusing on the savings-investment … the issue. In this model, savings adjust downwards to income from natural resources, and investment in capital contributes … income through savings and investment. Natural resources have two counteracting effects on income. In the short term …

This paper investigates theoretically and empirically the endogenous investment decision of firms conditioning on … switchers), initial productivity and investment are strategic complements, inducing intra-industrial divergence. On the contrary …, when preferences are quadratic, initial productivity and investment are strategic substitutes: less productive firms invest …

irreversibility of investment. As will be shown, the provision of public goods changes over time and also depends on the business …

expenditure impacts negatively the level of public investment. As employment in the public sector increases significantly, public …