result of low investment. Latin America is poorer because of lower human capital levels and lower TFP-not because of a lower … capital-output ratio. Cross-country differences of TFP in turn are associated with differences in human capital, governance … business climate indicators converge rapidly. Poor countries without those attributes do not. We show that low investment is …

In the last few decades, real GDP growth and investment in advanced countries have declined in tandem. This slowdown … issue. We show that aggressive central bank action may revive gross investment, but it will not revive net investment or …

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 …

as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital …

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 …

increase in productivity that accounts for the unprecedented economic growth observed during the reform period. The … productivity gains largely reflect market-oriented reforms, especially the expansion of the nonstate sector, as well as China …’s “open door” policy that brought about a dramatic expansion in foreign trade and foreign direct investment …

This paper estimates agricultural total factor productivity (TFP) in 162 countries between 1991 and 2015 and aims to … understand sources of cross-country variations in agricultural TFP levels and its growth rates. Two factors affecting … agricultural TFP are analyzed in detail - imported intermediate inputs and climate. We first show that these two factors are …