volatility generates investment and growth opportunities in poor countries. But high uncertainty and low overprecision slow …

it driven by investment and capital accumulation. By 2014, gross capital formation had reached 46 percent of aggregate … expenditures. This paper documents the role of investment in driving economic growth in China, questions how much longer China can … sustain a relatively high investment rate, and examines the arguments that have been offered for an impending drastic …

The investment-intensive growth model of the People's Republic of China (PRC) is often viewed as state-driven and … ultimately unsustainable. But largely unnoticed, a shift has taken place. This paper examines the changes in investment patterns … economy-wide data with various breakdown. Significant shifts in investment patterns across sectors and ownership forms have …

accelerations in investment that ensures that the identified episodes are characterized by sustained increases in per capita … investment growth to a relatively high rate. We identify 192 investment accelerations in 93 economies (34 advanced economies and …

economy that lacks access to cheaper capital goods. In the long run, the investment rate in the open economy is twice as high …