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Capital markets facilitate capital growth by mobilizing savings and converting them into investments, and they are therefore a stimulant of economic growth. There is evidence that countries with high savings rates tend to grow faster. Although most sub-Saharan Africa countries recognize the...
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sector due to the large volume of investment required and the operational and technical complexities. Public policy in … the private sector due to its various advantages and quick return of investment. It may play an effective role in …
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This study tests for financial constraints on Ramp;D investment and how they differ from capital investment. To … constraints, measured by mark-ups, are more decisive for Ramp;D than for capital investment. For external constraints, we find a … monotonic relationship between the level of constriction and firm size for both types of investment. Thus, external constraints …
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