model includes an aggregate production function that explains the distribution of income, while a savings function in which … savings depended on property income governs accumulation. Simulations with the model show that technical progress was the …

production function explains the distribution of income (as in Cambridge, MA), while a savings function in which savings depended …

whether payments are only made at the time of death or savings are accumulated by the group based on premiums paid ex … show numerically that a contract with savings makes higher demands on enforceability, leading to less cohesive groups … finding it in their interest to choose the contract without savings and that coalition-proofness is a necessary condition for …

savings within the household.  We also show that the negative impact of saving within-the-household on investment is more …

, investment rates are low.  I investigate three sources: detailed World Bank surveys of 6,500 manufacturing firms, a new panel … returns to be high throughout.  Micro-evidence and sectoral FDI data confirm that investment remains low outside the mining … industry and that the link between past profitability and current investment is weak in Africa.  Low investment despite high …

that, in case of multiple equilibria, consumers use the investment in quality as a coordination device.  We find that, in … equilibrium, platforms randomize over two disconnected intervals of investment levels, corresponding to competing for either the …

This paper examines how foreign ownership affects the investment decisions of subsidiary firms using a new dataset of … listed-parent - listed-subsidiary pairs.  We find that improvements in the investment opportunities of parent firms have a … negative effect on the investment of their subsidiaries, after controlling for the investment opportunities of the subsidiary …

conditional correlation between trade openness and GDP per head growth - though openness has a positive link via investment. The …

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 …