. The use of capital became more efficient. During the global financial and economic crisis in 2008-10 the investment rate …

with insecure property rights, we analyze how resources are transformed into productive capital to sustain consumption. We … allow property rights to improve as the country transforms natural resources into capital. The ensuing power struggle about … result, the country substitutes away from resources to capital too rapidly and invests more than predicted by the Hartwick …

This study focuses on the non-financial value-added Venture Capital (VC) investors bring to their portfolio companies …