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China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10010231008
, when in fact the Japanese economy was depressed. This study applies the new theory with intangible investment and non … theory are much closer to the actual data. The improvement of this extension remains robust when tangible investment …
Persistent link: https://www.econbiz.de/10012961605
, when in fact the Japanese economy was depressed. This study applies the new theory with intangible investment and non … theory are much closer to the actual data. The improvement of this extension remains robust when tangible investment …
Persistent link: https://www.econbiz.de/10012950924
Critical review of investment-economic performance literatures in economics and strategic management indicates that … more capital investment does not seem to contribute to higher national economic growth or to higher corporate profitability …
Persistent link: https://www.econbiz.de/10014217622
We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational …-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour …" conditions, no information is acquired and no investment made. In "sweet" conditions, investment is made "blindly", i.e. without …
Persistent link: https://www.econbiz.de/10011667675
Key economic concepts of saving and investment are defined and discussed in this paper. It is shown that the equation … “saving=investment” is a fundamental fallacy of macroeconomics due to a confusion between real and financial variables, and … also between stock and flow variables. Economic growth is shown to be driven by investment, not by consumption as Keynes …
Persistent link: https://www.econbiz.de/10013043655
and significant. The study also found out that FDI (foreign direct investment), exports, inflation rate, and interest rate …
Persistent link: https://www.econbiz.de/10012952818
Rodrik (2016) pointed out that late industrializing countries are experiencing a lower peak at lower income levels in the manufacturing employment share hump-shaped path. The present study develops a theoretical model to analyze the dynamics of industrialization and deindustrialization in...
Persistent link: https://www.econbiz.de/10014333588
There has been a growing concern of developing industrial clusters in developed nations and emerging economies in the past two decades to strengthen economic growth and development. The concept of properly organised industrial clusters has not yet been heavily implemented in developing nations,...
Persistent link: https://www.econbiz.de/10012979647
This paper assesses the implications of the use of oil revenue for public investment on growth and fiscal … sustainability in Cameroon. We develop a dynamic stochastic general equilibrium model to analyze the effects of such investment on … that a relatively high degree of efficiency of public investment is needed for scaled-up public investment to make a …
Persistent link: https://www.econbiz.de/10013063606