Has financial liberalization improved the efficiency with which investment funds are allocated to competing uses? In … index of the efficiency of investment allocation that measures whether, and to which extent, investment funds are going to … investment funds are allocated. This conclusion holds after a series of robustness checks and is consistent with firm level …

Has financial liberalization improved the efficiency with which investment funds are allocated to competing uses? In … of the efficiency of investment allocation that measures whether, and to what extent, investment funds are going to firms … efficiency with which investment funds are allocated …

countries. Will these developments improve economic performance in terms of creating jobs, fostering investment, and encouraging …

also developed a summary index of the efficiency of investment allocation that measures whether, and to what extent …, investment funds are going to firms with a higher marginal return to capital. Then it was examined the relationship between this … has led to an increase in the efficiency with which investment funds are allocated. …

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 …

banking development reduces the cash flow sensitivity of fixed investment spending, particularly for small firms, and that it …