. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …

answers and can be used to estimate market power and pass through rates. I show that even a naive one-sided model that ignores …

more favourable loan package; that it is associated with over-investment even when investment does not create collateral …

The paper analyses adverse investment, growth and distributional effects of ultra-loose monetary policies based on the … substitute real investment by financial investment. When interest rates are expected to fall in the long term, the marginal and …

This paper develops a model in which the interaction of entrepreneurial investments and power of the owners of land or … resources promotes structural change and growth through two channels: First, by weakening oligopsony power of owners and thereby … easing entrepreneurial investments for credit-constrained individuals whose investment possibilities depend on their income …

demonstrates the neutrality properties of the reform with respect to investment, firm financial decisions and organizational choice …. Tax rates are chosen to prevent income shifting from labor to capital income. The reform decisively strengthens investment …

impact on a government's decisions on how to allocate government expenditure between public consumption and investment. Using …