when institutional quality is instrumented. Finally, the experience of Hong Kong, which has had a flat investment ratio … since the 1960s, is consistent with the idea that making the transition from a low-investment economy to a high-investment …

A resurgence in private investment is a necessary ingredient of a sustainable recovery in heavily-indebted developing … investment until much of the residual uncertainty regarding the eventual success of the reform is eliminated. This paper shows … that even moderate amounts of policy uncertainty can act as a hefty tax on investment, and that otherwise sensible reforms …

since the 1950s. Growth accelerations tend to be correlated with increases in investment and trade, and with real exchange …

determinant of the private investment response. We look at a simple model of political-economic equilibrium to make this intuition … work. we find that a high level of urbanization magnifies the investment reduction in response to an external shock. This … pernicious economic effects. We also find that the provision of political rights is conducive to superior private investment …