volatility generates investment and growth opportunities in poor countries. But high uncertainty and low overprecision slow …

The first part of the discussion paper documents trends in private and public fixed investment. On average for the 47 … countries covered (including, for the first time in this series, China), 1997 was a record year for private investment, which … investment declined to 7.2 percent of GDP, its lowest level since 1975. The largest 1997 increases in private investment were in …

production, cross-country differences in investment rate and price of final goods, and cross-country equalization of price of …

Contrary to mainstream consensus on the dominance of English common law countries in investment prospects, this paper … in private investment. The assessment is based on 38 African countries for the period 1996-2007. The law mechanisms of … North African) have influenced a plethora of investment dynamics (domestic, foreign, private and public). The dominance of …

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 …