vocational training or a productive investment grant. The authors identify the relative impact of each complementary package …. Households that received the productive investment grant also had higher average consumption levels. The complementary …

-fertilization of experiences. Total factor productivity comparisons suggest that capital accumulation in China coupled with more …

level adoption of information and communications technology leads to increases in firm productivity and wages, and that the … effects are heterogeneous across firms, being larger for initially high-productivity and high-skill firms. The increase in … wages occurs even after controlling for skill composition, implying that there are productivity and rent-sharing mechanisms …

There is a common perception that low productivity or low growth is due to what can be called an quot …;innovation shortfallquot;, usually identified as a low rate of investment in research and development (Ramp;D) when compared with some high … innovation countries. The usual reaction to this perceived problem is to call for increases in Ramp;D investment rates, usually …

for greater capital accumulation, without being fully reflected in a higher rate of total factor productivity (TFP) growth …

Few economic ideas are as intuitive as the notion that increasing investment is the best way to raise future output … patterns of investment and capital formation were not the main factors that led nations to be rich or poor, fast-growing or … national investment rates can produce major increases in rates of economic growth. The authors find that although the capital …

Investment growth in emerging market and developing economies has slowed sharply since 2010. This paper presents a … comprehensive analysis of the causes and implications of this slowdown and presents a menu of policy responses to improve investment …, declining foreign direct investment inflows, elevated private debt burdens, heightened political risk, and adverse spillovers …

In countries with limited access to finance, firms accumulate retained earnings to finance indivisible investment … projects. McKinnon (1973) illustrates that when cash is used as a primary store of value, inflation may discourage investment … and provides a simple calibration of the model that suggests sizable effects of inflation on investment. The mechanism is …

structural route of the past, through manufacturing, to higher income, but with appropriate investments, they can develop high-productivity …

-distributed firm productivity and fixed costs of exporting, predicts that, conditional on the fixed costs of exporting, all variation … lognormal distribution of firm productivity allows the Melitz model to successfully match the role of the intensive margin … methods and the EDD, a generalized Melitz model with a joint lognormal distribution for firm productivity, fixed costs and …