There is long tradition in the economic literature that recognizes learning and the diffusion of new ideas and technologies as one of major drivers for growth, especially in developing countries. However, while adopting a new technology mainly involves cost, some technologies may also be human...

This paper presents a non-technical overview of the recent investment literature with a special emphasis on the connection between technological progress and the investment decision. First of all, we acknowledge that some dramatic advances have been made in the 1990s in understanding and...

In this paper, we extend the usual models of irreversible investment under uncertainty by introducing the stock of public capital as an input for the private sector. Public investment takes place in a stochastic environment. Public capital then increases the productivity of private capital which...

Este articulo analiza los principales factores determinantes de la inversion privada en Brasil durante el periodo 1956-1996, a traves de un modelo empirico utilizado en los estudios mas recientes sobre paises en desarrollo. Los resultados muestran, tanto en las ecuaciones de largo plazo como en...