investment has a strong association with growth: over l9&)?l95 each percent of GDP invested in equipment is associated with an … any of the other components of investment. A variety of considerations suggest that this association is causal, that … higher equipment investment drives faster growth, and that the social return to equipment investment in well functioning …

investment has a strong association with growth: over l9&)?l95 each percent of GDP invested in equipment is associated with an … any of the other components of investment. A variety of considerations suggest that this association is causal, that … higher equipment investment drives faster growth, and that the social return to equipment investment in well functioning …

Existing empirical studies have focused on determinants of investment. We focus instead on episodes of accelerated … analysis to explore their characteristics. Turning points in investment tend to be preceded by undervalued real exchange rates … capital index. Investment surges appear to be associated with accelerated structural change in the economy. …

A recent literature suggests that because investment expenditures are irreversible and can be delayed, they may be … aggregate investment. We find that the volatility of the marginal profitability of capital - a summary measure of uncertainty … - affects investment as the theory suggests, but the size of the effect is moderate, and is greatest for developing countries …