A large body of evidence suggests that poor countries tend to invest less (have lower PPP - adjusted investment rates …) and to face higher relative prices of investment goods. It has been suggested that this happens either because these … countries have lower TFP in the investment - good producing sectors, or because they are subject to greater investment …

There is ample evidence from economic growth literature that investment accelerates economic growth and development of … focused more on encouraging private sector investment through the development of the financial sector. This paper investigates … the short- and long-run impact of financial development on private investment in Ghana for the years 1970 …

investment second. Once the Balance of Payments Constrained Growth model has been estimated, the significant effect of the …

misrepresentation of the role of banks and liquidity creation and the role of household saving. After a critical discussion of the … credit growth supports GDP growth while saving is irrelevant for credit growth and GDP growth. In sum, a correct …