rise to a "multiplier." Since such "multipliers" are ignored by firms making investment decisions, privately optimal … investment choices under uncertainty will not in general be socially optimal. Under reasonable conditions, private investment is …

This paper examines whether agricultural insurance can boost investment by small scale farmers in West Africa. We … impact of insurance on cotton, but, consistent with microeconomic theory, we find significant spillover impacts on investment … that limited its impacts. Overall, this study suggests a promising role of index insurance for stimulating investment, but …

establish a causal relationship between competition and investment. Within manufacturing, we show that industry leaders invest … in the late 1990's, which is orthogonal to demand shocks in the 2000's, predicts higher industry investment given Q …

We analyze private fixed investment in the U.S. over the past 30 years. We show that investment is weak relative to … two broad categories of explanations: theories that predict low investment because of low Q, and theories that predict low … investment despite high Q. We argue that the data does not support the first category, and we focus on the second one. We use …

This paper studies the linkage between exchange rates and investment. emphasizing the role of producer exposure through … appreciations reduced investment in durable goods sectors in the 1970s and stimulated investment after 1983. By contrast nondurables … sectors tended to absorb exchange rate changes in price over cost markups. Exchange rate volatility depressed investment but …