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 …

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 …

China is to rebalance growth towards relying more on consumption and less on exports and investment, banking sector reforms …This paper uses the standard one-sector neoclassical growth model to investigate why China''s consumption has been low … and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts …

consumption has on average become more dependent on investment (rather than vice versa) and the impact is relatively short …-lived, necessitating ever higher levels of investment to maintain economic activity. By contrast, private consumption has become more self … spillovers to household income and consumption. In this context, investment in agriculture and services is found to be superior …

, and total net worth) on consumption. The study uses longitudinal household-level data?from the Panel Study of Income …

as a mechanism for smoothing household consumption following negative aggregate shocks. Our results suggest that mortgage …-constrained households to maintain higher annual consumption growth compared to those non-eligible for the policy. Finally, we find that …

Using 2011-12 consumption micro-data, we find that nearly one-third of the variation in living standards in India can … be explained by location alone. Consumption levels and locational inequality are positively related. In effect, from an … these findings is the large difference in average consumption levels between rural and urban India and continued divergence …

the responsiveness of household consumption to monetary policy shocks in the pre- and post-crisis periods, relating … of household consumption has diminished since the crisis. However, household balance sheets are not the culprit …