of overlapping generations, in the context of a class of endogenous growth theories with investment adjustment costs. In … the model used in this paper, savings and investment are co-determined through adjustments in the real interest rate, and … the equilibrium investment rate determines the long-run growth rate. The two classes of models have similar predictions …

regimes depending on the values of the parameters in the investment, saving and distribution function. Estimating these core …

resource curse does not hold in a world with capital as production factor. Low interest rates now trigger an investment boom …