costs are used as an exogenous measure of import competition. The authors find a positive and robust effect of import … that increased import competition from less advanced economies is the major cause for the positive impact on quality …

"The current account can be understood as the outcome of investment decisions made by domestic and foreign investors … is driven by changes in investment opportunities. Using data for the United States and Japan, the authors find evidence … supporting innovations in investment opportunities as an important mechanism to explain international capital flows. "--World …

growth both directly by expanding export earnings and indirectly by stimulating investment in the construction and transport … series data. Four sets of key questions are addressed in this study: (i) what are the features of the power export boom in …

currently. The authors also derive a more general rule for sustainability--maintain positive constant genuine investment …