This paper presents five theoretical openness-and-growth links that can account for trade-induced investment-led growth …, cross-country data suggests that openness influences growth only via its effect on investment, and suggests that openness … promotes investment in all countries whatever the capital-intensive of their exports (contrary to predictions of the old …

novel theoretical model that establishes a link between trade liberalization and investment-led growth. Estimating equations … domestic protection depresses investment and thereby slows growth. Foreign trade barriers also lower domestic investment, but … the anti-investment effect is weaker and is less robust to sample and specification changes …

stagnation of investment, especially private fixed investment, was the primary culprit. I then investigate the causes of the …

, investment, average productivity and output up. This evidence contrasts sharply with the results reported in a large and growing …

worked as well as declines in real wages. The shocks are also associated with short lived rises in aggregate investment and … the qualitative effects of a fiscal shock. Once we allow for habit formation and investment adjustment costs, the model …