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since the 1950s. Growth accelerations tend to be correlated with increases in investment and trade, and with real exchange …
Persistent link: https://www.econbiz.de/10012468127
. Third, and most importantly, we present new evidence on the time paths of economic growth, physical capital investment and … liberalization has, on average, robust positive effects on growth, openness and investment rates within countries. We illustrate …
Persistent link: https://www.econbiz.de/10012468542
rates Africa would have enjoyed if these key determinants had taken OECD rather than African values. Expensive investment …
Persistent link: https://www.econbiz.de/10012468832
United States, I find no econometric evidence that computer investment is positively linked to TFP growth (over and above its …
Persistent link: https://www.econbiz.de/10012469972
Persistent link: https://www.econbiz.de/10011810374
This paper looks at the patterns of causation between income, export, import, and investment growth for 25 developing …
Persistent link: https://www.econbiz.de/10012471951
when institutional quality is instrumented. Finally, the experience of Hong Kong, which has had a flat investment ratio … since the 1960s, is consistent with the idea that making the transition from a low-investment economy to a high-investment …
Persistent link: https://www.econbiz.de/10012472910
We document regularities in the distribution of relative incomes and patterns of investment in countries and over time …. We develop a quantitative version of the neoclassical growth model with a broad measure of capital in which investment … slowest growing countries in the model have growth rates and investment-output ratios similar to those in the data. In both …
Persistent link: https://www.econbiz.de/10012473450
major intermediate input into expanding plant capacity, investment goods, is coutercyclical. The ratio of these prices is … expanding plant capacity by installing investment goods (`adjustment costs'). Also, its numerator and denominator have such … technology for producing investment goods. The adjustment costs cause the two prices to respond differently to these two shocks …
Persistent link: https://www.econbiz.de/10012473578
politico-economic environment, reduces investment. As a consequence, income inequality and investment are inversely related …. Since investment is a primary engine of growth, this paper identifies a channel for an inverse relationship between income … are investment and an index of socio-political instability. Our results are robust to sensitivity analysis on the …
Persistent link: https://www.econbiz.de/10012474459