competitors. Because workers participate in the returns on investment while only firms bear the costs, investment is inefficiently … low. A binding minimum wage can achieve the first--best level of investment, both in the short run for a given number of … firms and in the long run when the number of firms is endogenous. -- holdup ; investment ; minimum wage …

well. By implication, policies that stimulate investment and R&D and policies that affect the size of the labor force may …

region. In terms of sheer magnitudes, China's national savings and current account surpluses dominate the region's saving-investment …. -- Growth contributions ; national savings and investment ; current account balance ; welfare consequences of growth … growth. Investment growth has dominated GDP growth in China during this decade but is also important in the cases of India …

human and nonhuman capital investment ; power law of learning …

Investment in improved agricultural inputs is infrequent for smallholder farmers in Africa. One barrier may be limited … access to formal savings. This is the first study to use a randomized controlled trial to evaluate the impact of using mobile … money as a tool to promote agricultural investment. For this purpose, we designed and conducted a field experiment with a …

households and lower investment by firms, and hence leads to lower aggregate investment and growth. This paper argues that …