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 …

intertemporal trade-off. Because investment in education affects labor productivity with a long lag, it takes 15+ years before net …We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG …'s properties by analyzing the growth, debt, and distributional consequences of big-push public investment programs with different …

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 …

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 …

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 …

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 …

Domestic savings and investment are positively correlated across countries and through time, as Feldstein-Horioka (FH … relationship is causal: an exogenous rise in savings increases investment. This result holds in the full sample of countries and … not total investment directly. Specifically, we use the share of adults in the [35-49] years of age bracket as an …