; 5) within country correlation of savings and investment and 6) cross-country equality of real rates of interest. We …

investment flows. We do not make any empirical attempt to establish the existence or gauge the importance of the adverse effects … of volatile investment flows nor do we make any implicit claims regarding the role of such flows in recent exchange rate … investment funds traces out a mean-variance tradeoff for the growth rate of the economy. In particular, the volatility of these …

us to reject this view. In fact, a net capital inflow made possible to meet the demand for investment boosting economic …

: (i) investment falls precipitously as it should when it becomes optimal to default; (ii) economic policy deteriorates … interest rates. We find a systematic response of investment, particularly when property rights are weakly enforced, some … rates. Thus, while debt relief is likely to improve economic policy (and especially investment) in overhang countries, it is …

in investment. This paper offers an argument and a formal model to suggest that exports in East Asia may have been driven … by an increase in the profitability of investment, with outward orientation a consequence of the investment boom rather … than its instigator. In economies like South Korea and Taiwan, an increase in investment required an increase in imports of …

experiences across countries. Conditioning on physical capital investment, secondary school enrolment, and a dummy for the African …