of unemployment, investment, and wages. Finally, he looks at the endogenous response of political institutions and …The core mechanism that drives economic growth in modern market economies is massive microeconomic restructuring and … level, restructuring is characterized by countless decisions to create and destroy production arrangements. The efficiency …

and creating job opportunities and achieving economic development. Subsequently, the importance of the investment comes … savings that are result from the lack of sophisticated savings channels. Hence, the investment depends on the individual …'s abilities on self savings, where the investment is considered as major motivating vehicle for economic activity due to its …

We analyse investment behaviour of the population of medium and large industrial firms located in the Czech Republic in … 1992–5. We examine the relevance of alternative models of investment and test if investment behaviour varies across … control for the significant seasonal variation in investment. The data indicate that foreign-owned companies invest the most …

This paper discusses development policy objectives, noting how these have changed over the years, with a more explicit … difficulties that arise. It concludes that getting development policy right has the potential to lift millions out of poverty. …

The agricultural transition, the demographic transition and the democratic transition explain the development paths of … approaches for identifying causality in development. …

expropriation is the more severe impediment to economic development, ours indicate that both expropriation risk and contract … of private ownership is associated with greater reinvestment. At China's current stage of development, it appears that …

enduring decline over time in Official Development Assistance (ODA) as a share of Gross Domestic Product (GDP). The relevant … maintaining moderate inflation, the rate of investment; aggressive effort at domestic resource mobilisation; and structural change … coordinate their aid efforts to support the above-mentioned policy objectives, aid could still be a development tool with …

An important strand of research in macro-finance investigates which factors impede enterprise investment, and what is … dynamic general equilibrium model with heterogeneous firms whose capital investment decisions are distorted by red tape. We …