Private investment is the principal transmission channel through which fiscal policy affects growth in high … productivity. Empirical results reported in this paper confirm this expectation: in low-income countries, factor productivity is … some four times more effective than investment as a channel for increasing growth through fiscal policy. Although the …

We examine determinants of, and interactions between, capital inflows, financial development, and domestic investment … macroeconomic policy. Both private capital inflows and domestic credit exert a positive effect on investment; they also mediate most … of the investment impact of the global price of risk and domestic borrowing costs. Surprisingly, neither greater domestic …

Despite the growing support for market-oriented strategies, and for a greater role of private investment, empirical … growth models for developing countries typically make no distinction between the private and public components of investment … public sector and private sector investment. This model is estimated for a cross - section sample of 24 developing countries …

result of low investment. Latin America is poorer because of lower human capital levels and lower TFP-not because of a lower … business climate indicators converge rapidly. Poor countries without those attributes do not. We show that low investment is …

the impact of state-owned enterprises (SOEs) on private firm investment in Ukraine-a large transition economy. Controlling …

excessively on a few maturing sectors with limited scope for productivity growth. Furthermore, public investment has been crowded …The paper analyzes Jamaica''s experience of low growth despite consistently high investment. Cross-country analysis … provides evidence of a significant and negative relationship between total public debt and productivity growth. Looking at the …

endogenous growth-type model. The impact of private investment—and thus private capital accumulation—on output is large and … significant. Furthermore, increases in public investment boost output substantially. Finally, the effects associated with human … productivity growth that indicates that The Gambia was able to use its resources more efficiently …

productivity and that they impact the degree of R&D spillovers …