. This paper examines the cases of Bolivia and Colombia to explore decentralisation’s effects on government responsiveness … and poverty-orientation. I first summarize economic data on the effects of decentralisation in each. In Bolivia …, decentralisation made government more responsive by re-directing public investment to areas of greatest need. In Colombia …

the remarkable case of Bolivia with the more complex case of Colombia to explore decentralization’s effects on public … education outcomes. In Colombia, decentralization of education finance improved enrollment rates in public schools. In Bolivia …, decentralization made government more responsive by re-directing public investment to areas of greatest need. In both countries …

comparative analysis to test the theory's predictions with qualitative and quantitative evidence from Bolivia. The combined …

did this. In Bolivia, decentralization made government more responsive by re-directing public investment to areas of …. This paper examines the remarkable case of Bolivia to explore decentralization's effects on government responsiveness and … greatest need. Investment shifted from economic production and infrastructure to social services and human capital formation …

This paper tests for the importance of cash flow on investment in fixed capital and R&D using firm-level panel data in … investment or R&D. In identical specifications for British firms, cash flow is informative about investment, although not about … the level of R&D spending conditional on the R&D participation decision. In the UK, we also find that investment is less …

This paper uses a new data-set to examine how internal capital markets and foreign ownership affect investment. Our … data allow us to compare investment behaviour of listed subsidiaries with stand-alone firms while controlling for … investment opportunities of parent and subsidiary firms. We evaluate how the size of ownership and the geographical proximity of …

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 …

investment. Uncertainty increases real option values making firms more cautious when investing or disinvesting. This is confirmed … both numerically for a model with a rich mix of adjustment costs, time-varying uncertainty, and aggregation over investment … investment response to demand shocks. This implies the responsiveness of firms to any given policy stimulus may be much lower in …

This article estimates the effect of visa restrictions on bilateral trade flows and foreign direct investment (FDI …