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Strategic investment, industry concentration and the cross section of returns

Bustamante, Maria Cecilia - London School of Economics (LSE) - 2011

competition a¤ects the industrial dynamics of investment, concentration, and expected returns. When firms have similar production …

Persistent link: https://www.econbiz.de/10011071300

Fluctuations in uncertainty

Bloom, Nicholas - London School of Economics (LSE) - 2013

question, the evidence suggests uncertainty is damaging for short-run investment and hiring, but there is some evidence it may …

Persistent link: https://www.econbiz.de/10011126328

Aid as a catalyst for pioneer investment

Collier, Paul - World Institute for Development Economic Research … - 2013

I discuss how aid can support growth in small, isolated economies. Small markets frustrate scale economies and competition. Combined with high transport costs, essential inputs become prohibitively expensive. Breaking the coordination problem requires pio

Persistent link: https://www.econbiz.de/10010854445

Mozambique.s industrialization

Cruz, Antonio Sousa; Guambe, Dina; Marrengula, … - World Institute for Development Economic Research … - 2014

After the Second World War, Mozambique went through a series of transformations, from an incipient industrializing colonial society to an independent country with a central planned economy, plus a regional and internal war, and finally from 1994 onwards,

Persistent link: https://www.econbiz.de/10010854546

Investment choice and inflation uncertainty

Fischer, Gregory - London School of Economics (LSE) - 2013

This paper investigates the relationship between infation uncertainty and investment using a panel of loan-level data … investment. Moreover, there is a shift in the composition of investment away from fixed assets and towards working capital - the … more flexible factor of production - and fixed asset investment exhibits periods of inaction consistent with real option …

Persistent link: https://www.econbiz.de/10010884740

The marginal product of capital

Caselli, Francesco; Feyrer, James - London School of Economics (LSE) - 2006

Whether or not the marginal product of capital (MPK) differs across countries is a question that keeps coming up in discussions of comparative economic development and patterns of capital flows. We use easily accessible macroeconomic data to shed light on this issue, and find that MPKs are...

Persistent link: https://www.econbiz.de/10010928591

A Phoenix in Flames? Portfolio Choice and Violence in Civil War in Rural Burundi

Nillesen, Eleonora; Verwim, Philip - World Institute for Development Economic Research … - 2010

This paper challenges the idea that farmers revert to subsistence farming when confronted with violence from civil war. Macro-economic evidence on economic legacies of civil war suggests that civil wars, while obviously disastrous in the short run, do not

Persistent link: https://www.econbiz.de/10008493682

Does Financial Liberalization Influence Saving, Investment and Economic Growth? Evidence from 25 Emerging Market Economies, 1973-96

Hermes, Niels; Lensink, Robert - World Institute for Development Economic Research … - 2005

Persistent link: https://www.econbiz.de/10005001232

Globalization and the Human Development Trap

Mayer-Foulkes, David - World Institute for Development Economic Research … - 2007

development, it is not sufficient. Both trade and foreign direct investment create innovation assymetries hindering lagging … conflict of interest between supporting human capital investment and innovation. If only innovation is supported, the human … capital trap will persist. If mainly human capital investment is pursued, technology levels will fall behind; switching to …

Persistent link: https://www.econbiz.de/10005001378

It Works; It Doesn't; It Can, But That Depends?: 50 Years of Controversy over the Macroeconomic Impact of Development Aid

McGillivray, Mark; Feeny, Simon; Hermes, Niels; … - World Institute for Development Economic Research … - 2005

Persistent link: https://www.econbiz.de/10005059863