stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …

continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …China has achieved impressive growth over the last three decades. However, there has been debate over the sources of … role of rising rates of investment. Because labor reallocation across sectors, TFP growth at the sector level and …

We study household decision making in a high-stakes experiment with a random sample of households in rural China …. Spouses have to choose between risky lotteries, first separately and then jointly. We find that spouses' individual risk …

as an instrument for investment in cattle. We find average returns in the order of -2% at the mean, but they vary across …

positive program treatment effect on employment, investment and net entry but not on TFP. OLS underestimates program effects …,300 suggesting that in some respects investment subsidies can be cost effective. …

Since the 1980s, China’s government has eased restrictions on internal migration. This easing, along with rapid growth … China, especially during the 1990s. However, other important economic and socio-political determinants of interprovincial … gravity model of interprovincial migration in China that includes as explanatory variables: migrant networks in the …

dynamics as investment conditions are similar. Our results are consistent with this hypothesis. Furthermore, there is no …

in the U.S. private sector affect economic performance - productivity, profitability, investment, and growth. Freeman and … investment and, subsequently, lower employment and productivity growth. There is little evidence that unionization leads to …

banking development reduces the cash flow sensitivity of fixed investment spending, particularly for small firms, and that it …

(favorable) impact on investment. …