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 …

spending shocks, preference shocks) on aggregate output and investment, and why this volatility-reducing effect diminishes with …

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 in Mauritius for the period from 1976 to 2014. The study assumes that investment and financial development have an … market-based financial development Granger-cause investment, both in the short run and in the long run. The study, therefore … development in order to spur investment. …

productivity growth. On average, no productivity improvements in labour have been recorded since independence. With an investment … to GDP ratio of only 13 per cent during the past decade, significantly higher productivity growth and investment will be …

Despite the recent increase in foreign direct investment (FDI) to African countries, these resources have not had a … meaningful impact on economic development because of limited effects on domestic factor markets, especially domestic investment … and employment. In this context, this study analyses the two-way linkages between FDI and domestic investment in Sub …