investment. In "new" growth theory regressions, which include the investment ratio, all other included variables pick up why the … productivity of investment differs between countries. This paper converts a "new" growth theory regression equation into … neoclassical growth theory, and to identify the major determinants of differences in the productivity of investment using the …

The theory of financial liberalisation argues that rising real interest rates induces more saving, investment and … growth must come through raising the productivity of investment. (DSE/DÜI) …