Monetary models of the business cycle often neglect the importance of investment and the capital stock in the monetary … transmission mechanism. Most of the recent literature assumes either investment adjustment costs or ignores capital altogether … firms face a planning period before undertaking investment expenditures. The resulting model is able to replicate some of …

Genuine saving is an established indicator of weak sustainable development that measures the net level of investment a … country makes in produced, natural and human capital less depreciation. Maintaining this net level of investment above zero is … systematically failing to make this investment. Alongside the familiar resource curse on economic growth, resource abundance has a …

Genuine saving measures net investment in produced, natural and human capital. It is a necessary condition for weak …

This paper makes three contributions: First, I construct annual time series of gross domestic investment and national …-run bivariate relationship between the time series of investment and saving. Third, I also examine the short-run as well as the … cyclical relationships between the time series of investment and saving. The results reported in this paper indicate that there …

consumption and investment expenditures, as well as their broadly defined components, are examined. We also test for effects of …

This paper addresses the question if there are differences between time patterns in the volatility of investment across … different industrial sectors. A competitive partial-equilibrium model with quadratic adjustment costs in investment and a GARCH … demand shock is developed to predict aggregate investment in a sector. It is shown that under the assumptions made in the …

costs firms infrequently carry out discrete investment projects. Therefore, financial variables may influence investment in … two ways. Theoretically, they can alter the frequency at which investment projects are undertaken, or they can influence … finance on investment decisions is substantial. Consequently, finance primarily affects investment frequencies and accordingly …

investment problems have been formulated. …