In post-crisis Korea, facility (equipment) investment shows the worrisome trends of a slowdown in investment growth and a decline in investment propensity. We marshal micro and macro data to examine four major explanations for these important developments. Our analysis: (a) finds that cyclical...

This paper aims to operationalise the G20 commitment to ensure that the benefits of global growth are shared with Low Income Countries. Growth is central to poverty reduction and the achievement of MDGs, and in developing countries it is episodic and volatile. However, while the current LICs...