is sometimes desirable for price informativeness and investment efficiency, but speculators’ incentives push in the … provide for new investment. This feedback effect from the financial market to the investment decision gives rise to trading …

institutions in an alarming rate. This includes sprang up of Micro finance, Micro credit and tailor made investment companies …The financial service sector in Ghana is growing rapidly, there has been influx of quasi Banking and Investment …, whose Return on Investment is quite high compared to industry benchmark.This article is to draw the attention of market …

by real investment. My main results are on welfare implications of bubbles. During the periods of major technological … innovations, which involve a lot of uncertainty about productivity of the new technology, it is socially optimal to have a bubble …I study heterogeneous beliefs speculative bubbles in a setup in which information flow is endogenous and is determined …

, that the bubbleless economy is dynamically efficient, the existence of a stationary bubble raises productive investment and … investment decisions. When young, they can invest in productive capital that provides a return during the following two periods …. When young or in the middle age, they can also invest in a bubble. Assuming, in accordance with the empirical evidence …