We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker … coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on …

Has financial liberalization improved the efficiency with which investment funds are allocated to competing uses? In … investigate whether financial liberalization has increased the share of investment going to firms with a higher marginal return to … capital. To this end we develop a summary index of the efficiency of allocation of investment. We then examine the …

efficiency with which investment funds are allocated. A summary index of the efficiency of investment allocation that measures … whether investment funds are going to firms with a higher marginal return to capital is developed. We examine the relationship … investment funds are allocated. This holds after various robustness checks and is consistent with firm level evidence that a …

We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker … coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on …

product market, concerning in particular entry barriers, are negatively related to investment. The implications of our … analysis are clear: regulatory reforms, especially those that liberalise entry, are very likely to spur investment …