Existing empirical studies have focused on determinants of investment. We focus instead on episodes of accelerated … analysis to explore their characteristics. Turning points in investment tend to be preceded by undervalued real exchange rates … capital index. Investment surges appear to be associated with accelerated structural change in the economy. …

and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts … rebalance growth towards relying more on consumption and less on exports and investment, banking sector reforms and financial …

that need attention: (i) investment functions (where popular specifications lack behavioral and empirical support), (ii …

guarantee existence. When investment adjustment costs are introduced, the monetary and fiscal policy dichotomy is in principle …

emerging markets. The paper measures the risk of short-term exposure by estimating, at the firm level, the effect on investment … not find that this reduction in net worth translates into a drop in investment. …

appears unaffected: investment rates are flat, and productivity has slowed down. We investigate whether measurement issues … as intermediate consumption. Thus they do not count as either GDP or investment. We ask how treating such spending as … investment affects some key macro variables, namely, market sector gross value added (MGVA), business investment, capital and …

adjustment function implies that aggregate investment is relatively unresponsive to aggregate shocks in deep recessions as …