This paper analyzes the growth impact of public and private investment shocks based on a large sample of emerging and developing countries over the period 1980-2021 with a particular focus on the Asian region. We develop new measures of investment shocks based on cyclically adjusted investment...

Amid a shifting global energy landscape driven by concerns about climate change and fossil fuel depletion, there is a heightened need to move toward sustainable energy sources. Although there has been a significant increase in investments in renewable energy (RE) globally, there is still a...

We develop a credit-risk model to study the informational role of investment in an economy susceptible to large liquidity shocks. Firms' investment decisions carry information about their asset quality, thereby mitigating informational frictions when firms enter bankruptcy. An increase in...