also developed a summary index of the efficiency of investment allocation that measures whether, and to what extent …, investment funds are going to firms with a higher marginal return to capital. Then it was examined the relationship between this … has led to an increase in the efficiency with which investment funds are allocated. …

This paper estimates the impact of relative price volatility on sector-level investment allocation using a panel of 65 … efficient investment allocation in that investment is not necessarily devoted to relatively more productive sectors, especially …

This paper uses a yearly dataset of plant-level investment in Colombian firms during the period 1997 to 2007 to assess … significant correlation is found between the boom observed in investment and the adoption of the tax policy. However, the … tests. Overall, it is concluded that the tax stimulus analyzed was ineffective in promoting investment in Colombia. …

assess the severity of financing constraints, by focusing on firms investment choices. All the papers (but one) were part of … country risk. Moreover, firms that have foreign participation appear to be less financially constrained in their investment …