savings, investment, and labour supply in neoclassical models, and to the rate of unemployment in job search models. These …

and investment. When the share of output that accrues to the owners of natural resources rises, the demand for capital … allocation of capital may, however, enhance the quantity as well as the quality of new investment and sustain growth. Empirical … thereby inhibiting economic growth. The results also suggest that abundant natural resources may hurt saving and investment …

-ante returns on investment. …

financed out of internal savings. If these savings are sufficiently large, the high-productivity sector outgrows the low …. The downsizing of the financially integrated sector forces a growing share of domestic savings to be invested in foreign …

find no evidence that fixed investment is the only or main source of ignition for economic growth. …

to exist. It also predicts where formal insurance is likely to flourish: insurance groups that hold savings become more … Ethiopian funeral insurance groups and their members to motivate and test our model. Those which hold savings and collect …