The paper analyzes Jamaica's experience of low growth despite consistently high investment. Cross-country analysis … excessively on a few maturing sectors with limited scope for productivity growth. Furthermore, public investment has been crowded …

We study the effects of permanent and temporary income shocks on precautionary saving and investment in a "store … investment, or a "volatility trap." Namely, big savers invest relatively little. In contrast, low volatility of permanent shocks … leads to low precautionary saving and high or low investment, depending on the volatility of temporary shocks. Empirical …

reallocated from the private to the public sectors, reducing investment and deepening the recessions even further. To account for …. This implies that domestic debt purchases displace productive investment. The model shows that these purchases reduce …

This paper argues that structural weaknesses may make private investment particularly sensitive to business confidence … relative to other traditional investment drivers and global shocks. It gauges the importance of confidence over recent years in …, including a set of investment drivers (interest rates, unit labor costs, and confidence) is analyzed. The findings suggest that …

We examine the role of global and domestic shocks in driving macroeconomic fluctuations for Ghana. We are able to study …. We find that global shocks play a more dominant role in South Africa than in Ghana. These shocks operate through three …