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also key for Russia’s strategy to modernize and diversify its economy away from oil, gas and minerals extraction. However …This paper looks at economic growth and its fundamental determinants in Russia over the last decades. It starts by … Putin. Furthermore, regular models of growth are relevant to Russia and other transition countries over the last two decades …
Persistent link: https://www.econbiz.de/10012132420
economy-wide data with various breakdown. Significant shifts in investment patterns across sectors and ownership forms have …The investment-intensive growth model of the People's Republic of China (PRC) is often viewed as state-driven and … ultimately unsustainable. But largely unnoticed, a shift has taken place. This paper examines the changes in investment patterns …
Persistent link: https://www.econbiz.de/10011657882
it driven by investment and capital accumulation. By 2014, gross capital formation had reached 46 percent of aggregate … expenditures. This paper documents the role of investment in driving economic growth in China, questions how much longer China can … sustain a relatively high investment rate, and examines the arguments that have been offered for an impending drastic …
Persistent link: https://www.econbiz.de/10011659322
saving. The central objective of this paper is to investigate the extent to which the saving and investment rate of Asian … countries can be explained by the underlying fundamental determinants of saving and investment such as gross domestic product … promoting consumption rather than investment. …
Persistent link: https://www.econbiz.de/10003832264
the United States called Opportunity Zones (OZs). The goal of this provision was to spur private investment in OZs in … the impact of OZs on commercial investment and economic activity. Using data on the universe of all significant commercial … investments in the United States, we find that OZ selection led to practically no increase in investment in OZs. These findings …
Persistent link: https://www.econbiz.de/10013187185
-being of residents. A provision of the Tax Cuts and Jobs Act aimed to spur private investment in low-income areas called … Opportunity Zones (OZs). We evaluate the impact of OZs on investment using data on the near-universe of commercial retail, office … estimates of the effect of OZ eligibility on census tract-level investment. Additional data from MasterCard show no robust …
Persistent link: https://www.econbiz.de/10014451260
We quantify the impact of barriers to international investment, using a novel multi-country dynamic general equilibrium … asset positions. We estimate this gravity equation using recently developed foreign investment data that have been restated … to account for offshore investment and financing vehicles. We show that a parsimonious implementation of the model with …
Persistent link: https://www.econbiz.de/10012514947
This paper investigates the causal relationship between corruption and fixed capital investment in Russian regions. The … journalists' rights. Our main result is the strong negative effect of corruption on aggregate investment in fixed capital …. Disaggregating investment by ownership, we find that corruption decreases private investment, but not investment made by state …
Persistent link: https://www.econbiz.de/10011603919
While the recent increase in foreign direct investment (FDI) to African countries is a welcome development, the … the impact of FDI on development is through its effects on domestic factor markets, especially domestic investment and … employment. In this context, this study analyses the two-way linkages between FDI and domestic investment in Sub-Saharan Africa …
Persistent link: https://www.econbiz.de/10003652696
investigate the effect of FDI on private investment. It also explores if the relationship between FDI and private investment is … investment is more important than FDI in terms of the contribution to total investment, and that FDI inflows and private … investment are higher in countries with good governance. Interestingly, the findings demonstrate that FDI tends to displace …
Persistent link: https://www.econbiz.de/10003793482