result of low investment. Latin America is poorer because of lower human capital levels and lower TFP-not because of a lower … business climate indicators converge rapidly. Poor countries without those attributes do not. We show that low investment is …

This paper examines the impact of financial liberalization on fixed investment in Mexico, using establishment …

This paper examines dynamic patterns of investment in Cameroon, Ghana, Kenya, Zambia and Zimbabwe, assessing the … importance of zero investment episodes and lumpy investment. The proportion of firms experiencing large investment spikes is … significant in explaining aggregate manufacturing investment. Taken together, evidence from descriptive statistics, average …

Panel data on Ghanaian manufacturing firms are used to test predictions from models of irreversible investment under …, higher uncertainty raises the hurdle level that triggers investment, and uncertainty has a negative effect on investment … levels that is greater for firms with more irreversible investment …

Based on an analysis of high-frequency panel data for U.S. firms, this paper finds that inventory investment has been …, contrary to the finding of Kashyap, Lamont, and Stein (1994) that inventory investment is liquidity-constrained during …