relative to the present is reduced. Hence, due to a rise in terror activity, investment goes down, and in the long run income … and consumption go down as well. Governments can offset terror by putting tax revenues into the production of security …, at the level of the death toll by about the same size as due to car accidents, is expected to decrease annual consumption …

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

fixed investment that became excessive and proved to be unsustainable, while the productivity acceleration helps to account …-01 collapse of investment and the stock market proves that good public policy matters, going beyond the narrowly defined …

This paper uses household surveys from 13 developing countries to describe consumption choices, health and education … daily consumption per capita is between $2 and $4 or between $6 and $10. The data shed lights on differences and … have fewer, healthier, and better educated children. While there are clear differences in consumption patterns between the …

We develop a model that examines the capital structure and investment decisions of regulated firms in a setting that …

Credit constraints are more frequent among growth companies with large investment opportunities. For the same reason … investment opportunities to a larger extent. (ii) Taxes which are neutral in a neoclassical world, still restrict expansion … investment of constrained firms by reducing free cash-flow and thereby discourage innovation. (iii) A revenue neutral increase in …

. While the program did not increase the income or consumption of poorer households, it did increase the income and … consumption of richer households by 6.1 to 9.2 percent. We also find suggestive evidence that governance matters in the …