This paper develops a model that highlights the importance of clusters for attracting foreign direct investment. It … clusters can make investment so profitable that investors can even afford to tolerate more policyinduced distortions than …

The strategy adopted by Benin to strengthen its macroeconomic stability and promote private-investment-led growth has …

This Selected Issues paper on Bulgaria investigates possible driving forces behind the investment boom based on cross …-country evidence. The diagnosis of the drivers behind the investment boom is important as it is key to assessing Bulgaria’s economic … investment boom reflects to a large extent a one-off reassessment of Bulgaria’s riskiness as an investment location. The paper …

to remain in large surplus, albeit at declining levels owing to the high import intensity of the planned investment …

East African Community (EAC) countries decide to pursue a coordinated approach to investment incentives, one possible … solution would be to agree on a Code of Conduct for Investment Incentives and Company Income Taxation. A transparent tax system …

This paper quantifies the effect of public investment on growth in the ECCU. The results, emerging from panel vector … autoregressions, indicate that the return on public investment, as defined by Perreira (2000), is very likely negative. This means … that the total change in real output induced by one EC dollar of public investment, due to its short-run impact on demand …