This paper studies the Gold Standard in Portugal. It was the first country in Europe to join Great Britain in 1854. The … principle of free gold convertibility was abandoned in 1891. For the purposes of a macroeconomic study, we also extended the … are appropriate for the Gold Standard in Portugal. …

we review the hypothesis that adherence to the gold standard facilitated the access of peripheral countries to European … capital markets in the first era of financial globalization. To test whether the gold standard worked as a credible commitment … foreign borrowing in the London market. Our results suggest that the gold effect identified in previous studies was a …

(i) gross fixed capital formation does not equal investment, (ii) investment does not equal the value of fixed assets … newly created through investment, (iii) depreciation is an accounting measure that has no impact on changes in the …

This paper shows the impact that investment in infrastructure may have on the efficiency of agricultural products …

The role that Bernanke’s Bad News Principle plays in the modern theory of investment under uncertainty is analyzed. The … analysis shows that the actual investment dilemma is that by delaying investment firms trade off a higher present value of … earnings for a lower present value of the investment cost, in contrast to previous interpretations of this dilemma. The …

In this paper we empirically analyse the linkages among growth, investment and reforms in the South East Asian …