firm's investment is comparatively more sensitive to cash flow, but this sensitivity is negatively and significantly … related with corporate efficiency. These results point to the fact that high investment sensitivity to cash flow may not be … solely driven by measurement error in investment opportunity, but may still be interpreted as a consequence of imperfect …

distortions. I document major trends in aggregate savings, investment, trade, and net foreign asset positions in China, and …. In 2008, China's national savings rate soared to over 53 percent of its GDP, whereas its current account surplus exceeded …

region. In terms of sheer magnitudes, China's national savings and current account surpluses dominate the region's saving-investment … growth. Investment growth has dominated GDP growth in China during this decade but is also important in the cases of India … and Vietnam. To examine the global implications of domestic growth patterns in Asia, I analyze saving-investment balances …

– in Bangladesh where school grants and education allowances are offered to attract hard-to-reach children to schools …

characterized by market differences in earnings between the North and the South. Based on a panel cointegration approach we exploit …

this paper, we adopt a global cointegration approach recently proposed by Bienstock and Felsenstein (2010) to account for …