A recently much debated issue is why observed investment and growth rates inpoor countries are lower than traditional … investment rates is notmonotonic but follows a hump-shaped pattern. The empirical evidence shows thatalthough very poor economies … have very low investment rates there are'intermediately' developed economies that exhibit extremely high investmentrates …

endogenous domestic and foreign investment. It is found that horizontal multinational activity always leads to a complementary … relationship between domestic and foreign investment. Vertical multinational activity, in contrast, leads to either a … substitutional or complementary relationship between domestic and foreign investment, depending on the firms' technologies. We test …

This paper analyses the effect of uncertainty on investment spending. We analyse twotypes of investment, i.e. aggregate … investment and investment in energy saving technologies,using subjective evaluations of expectations and uncertainty of Dutch … general investment spending. Furthermore, expectationsand uncertainty have important although different effects on investment …