examines the implications of treating intangible spending as an acquisition of final (investment) goods on GDP growth for … Canada. It finds that investment in intangible capital by 2002 is almost as large as the investment in physical capital. This …

increasing returns to scale; (2) the impact of increases in private investment on growth is large, significant, and robust; (3 …) increases in government investment have a positive impact on growth; (4) human capital development plays an important role in …

reducing the financing available for domestic investment. Panel data regressions suggest a positive, short-term relationship … between net capital inflows and investment during the period before 1997 in five Asian countries once real net capital flows … are netted out from real flows of private bank credit. In addition, net real private inflows and real private investment …

of investment, civil conflict, economic inefficiencies, state intervention in the economy, and regulatory restrictions …

public sector investment in determining both the extent and the speed of convergence. The paper also considers the importance … of the stock of human capital, trade orientation, and foreign direct investment in the long-run growth process. Empirical … the notion of differential effects of public and private investment on long-term growth, as well as for the convergence …