This paper analyzes the strategic role of investment from a debtor country’s perspective. The framework is one in which … this framework, the paper shows that productive investment may increase or decrease the bargaining power of the debtor …

as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital …

investment critically depends on its efficiency. Comparing the value of public capital (input) and measures of infrastructure …Public investment supports the delivery of key public services, connects citizens and firms to economic opportunities …, and can serve as an important catalyst for economic growth. After three decades of decline, public investment has begun to …

private sector output Y. The government is fully informed about worker productivity. By examining the welfare properties of … or may not improve economic efficiency …

This paper analyzes reasons for the high post-war correlations of saving and investment, both across countries and over …

with an access to the world capital market. The paper examines the efficiency of quantity restrictions on capital exports …

results from the requirement that non-traded inputs are used in the investment process. In the short-run, though, the effects …

that these appreciations reflect underlying productivity gains in the tradable sector. Using panel data over the period … 1993-98, the results show clear evidence of productivity-driven exchange rate movements in the central and eastern European … expect to experience further productivity-driven real exchange rate appreciations. Evidence from a large cross-section of non …

of international tax harmonization. The analytical framework adopts the saving-investment balance approach to the … differences in saving and investment propensities …