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economy and b) what is the impact of such constraints on the macro-economy, in particular on employment and investment. We … employment, while no effect is evident on firm investment. …
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the aggregate shocks and the interaction between these shocks and the casual effects. We show that returns to investment …
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We examine empirically the generalizability of internally valid micro estimates of causal effects in a fixed population over time when that population is subject to aggregate shocks. Using panel data we show that the returns to investments in agriculture in India and Ghana, small and medium...
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In this paper, we use a novel survey module to consider investment in health-related expenditures by SMEs following the … that 86 per cent of SMEs invested in health measures with a mean investment of =C15,500 and a median of =C3,500. Nearly all … investment was financed by internal funds. Health investments are uncorrelated with economic performance and financial factors …
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