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 …

This paper examines the importance of financial constraints for firm investment expenditures by looking at the … relationship between investment expenditures and proceeds from voluntary asset sales in financially healthy US manufacturing … companies. Specifically, we examine whether asset sales have a greater influence on investment expenditures for firms that are …

In this paper we derive a model of aggregate investment that builds from the lumpy microeconomic behavior of firms … aggregate investment obtained from adding up the actions of firms subject to aggregate and idiosyncratic shocks, is highly non … postwar sectoral U.S. manufacturing equipment and structures investment. For a given sequence of aggregate shocks, the …

strong agglomeration economies in Japanese investment. Two policy variables are consistently shown to influence the location … of investment - foreign trade zones and labor subsidies. We use simulations to explore the impact these policies had on … the geographic distribution of Japanese investment. The simulations reveal that in aggregate promotion programs largely …