ofliquidity shocks and credit constraints, investment by entrepreneurs with long-termprojects is depressed. The behavior of these … entrepreneurs has two other importantfeatures: (i) their demand for bonds is "excessive"; (ii) bonds and long-term invest-ment are … investment in long-term projects,while it has a negative effect on investment in short-term projects which are not sub-mitted to …

overhang level of debt is reached: (i) investment falls precipitously as it should when it becomes optimal to default, (ii …-empt default and exact punitive interest rates. We find a systematic response of investment, particularly when property rights are … with concessional rates. Thus, while debt relief is likely to improve economic policy (and especially investment) in …

This paper constructs a two-country stochastic growth model in which neutraland investment-specic technology shocks are … estimated with these data, revealsthat the EA missed out on the rapid investment-specic technological change enjoyedin the US …

This paper examines the interactions between Foreign Direct Investment (FDI), inequality, and growth, both from a …

, in a manner that depends crucially on the variance-covariance properties of investment returns, rather than on their …