for poor African nations, we trace the generation, transfer, and use of an agricultural surplus created by a productivity …

largely reflect differences in countries' total factor productivity. We argue that this view has powerful implications for … patterns of capital flows: everything else equal, countries with faster productivity growth should invest more, and attract …

largely reflect differences in countries' total factor productivity. We argue that this view has powerful implications for … patterns of capital flows: everything else equal, countries with faster productivity growth should invest more, and attract …

that is correlated with firm size/productivity and one that is essentially permanent to the firm. The paper reports a broad … set of moments describing firm-level investment dynamics and detailed parameter estimates on a country-by-country basis …

Private investment is the principal transmission channel through which fiscal policy affects growth in high … productivity. Empirical results reported in this paper confirm this expectation: in low-income countries, factor productivity is … some four times more effective than investment as a channel for increasing growth through fiscal policy. Although the …