output, saving and investment for the period of our study, 1960 to 2003. The analysis uses Lee and Strazicich (2004 … around 0.35. The role of investment was found to be imprecise in the long run. The short run estimates show that saving has a … saving have only transitory effects on the growth in output. The other important result found that investment dynamically …

) values, and against a backdrop of very low interest rates, sustained household expenditure. The saving rate rose slightly in …

and Facts The basic model: the consumption/saving choice Allowing for a labor/leisure choice (the RBC model) Allowing for … non trivial investment decisions Allowing for two goods Introducing money Introducing price setting Introducing staggering …

the determinants of telecommunications investments and presents two possible solutions to the investment problem. The …

productivity after 1600 exceeded subsistence to achieve rural commercialization. Infrastructure investment from the late … seventeenth century promoted development and prosperity, but declining investment, dysfunctional institutions, bad weather, and a …

are: What does the saving-investment (SI) relation really measure and how should the SI relation be measured? The first … imbalances as saving minus investment, the third contribution of the thesis is to test the stationarity of the current account …