reallocated from the private to the public sectors, reducing investment and deepening the recessions even further. To account for …. This implies that domestic debt purchases displace productive investment. The model shows that these purchases reduce …

directly or indirectly through investment. In contrast to earlier studies, we conclude that there is some evidence of positive …-eligible countries to reach higher growth, but it remains unclear whether this is through higher investment or another channel. Also, the …

lower investment and exports compared with other small island states, but greater political stability, catch-up effects from …

, with attendant risks of financial instability and asset bubbles. Thus, investment should not be indiscriminately directed …This paper proposes a possible framework for identifying excessive investment. Based on this method, it finds evidence … that some types of investment are becoming excessive in China, particularly in inland provinces. In these regions, private …

implementation of the infrastructure investment program, higher domestic saving, and structural reforms. …