frictions using a canonical investment model. We consider two channels by which frictions affect investment: (i) through … frictions, institutions affect investment. We find that improved corporate governance (e.g., less severe informational problems …) and enhanced contractual enforcement reduce financial frictions affecting investment, while stronger creditor rights (e …

Consumption and Investment are significantly and negatively affected by all terror indicators, and the largest impact is …

model. We find that i) government spending increases output and induces a simultaneous decline of investment and the current … account, but does not affect consumption; ii) the responses of output and investment are smaller in more open economies, while … simultaneous decline in investment and the current account. …

favorable loan package; that it is associated with over-investment even when investment does not create collateral; and that low …

there is a relation in terms of both industry growth rates and shares of output devoted to R&D. Investment in R&D rather …

macroeconomic contraction and slow down investment and the speed of transition. Such shocks tend to accelerate transition if they …

Understanding the impact of legal protection on investment is of major importance. This paper provides a framework for … addressing this issue, and shows that investment may actually be higher in the absence of legal protection. Focusing on the … show that investment can take place even without patent protection, as parasites limit their imitation to preserve the …