by modifying the investment modelling within the dynamic CGE setting. The standard formulation of installation costs for … capital is extended through the inclusion of adjustment costs that depend on the change of the investment level. Such … formulation of the adjustment costs within the dynamic CGE model leads to an investment behaviour that mirrors the empirical data …

result of low investment. Latin America is poorer because of lower human capital levels and lower TFP-not because of a lower … business climate indicators converge rapidly. Poor countries without those attributes do not. We show that low investment is …

The paper develops a unified general equilibrium model including savings with overlapping generations, investment and …

We present new investment data and revised growth accounts for three socialist economies between 1950 and 1989 … input, or estimated capital stock from official investment data. Investment levels and rates of capital accumulations were …, declining equipment investment and labor input, contributed much more to the socialist growth failure of the 1980s than …