banks and industrial enterprises potentially leads to increased productivity and increased capital accumulation, raising …

.S. economy. The potential returns to the U.S. from raising its investment rate in terms of both the level and growth rate of … the predictions of the neoclassical growth model. Endogenous growth models, which suggest a larger contribution of capital … to growth and long-run effects of investment on the growth rate, do not seem to be supported by the data. …

, a substantial growth payoff from public investment. Disaggregating public capital shows that investment related to …The paper investigates the growth effects of public capital in Portugal using annual data for the period 1965-95. Both … a production function and a vector autoregressive model are estimated. Public capital is shown to be a significant long …

affects human capital, and infrastructure expenditures that affect productivity. The paper finds that social expenditures lead … financed by consumption taxes; agents do not substitute between human and physical capital as a result of changes in …

and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts … that the price of capital may have been significantly distorted in the 1990s and 2000s. The distortion could have been … China is to rebalance growth towards relying more on consumption and less on exports and investment, banking sector reforms …

in Chile, by decomposing productivity into investment-specific technological change (associated with improvements in the … quality of capital) and neutral technological change (related to the organization of productive activities). It concludes that … investment-specific technological improvements have contributed significantly to long-term growth in Chile, in line with trends …

benefit from capital deepening arising from falling prices of ICT equipment. Adapting established growth accounting approaches … that ICT-related capital deepening contributed 0.2 percentage points to growth in low-income countries, and 0.3 percentage …