This paper analyses the impact of fiscal policy on private investment for a sample of thirty-three LDCs. The paper makes a number of important contributions to the existing empirical literature. Its main contribution is that it is the first attempt to analyse the existence of a non-linear...

This paper aims to investigate the relationship between financial liberalization on the one hand and saving, investment and economic growth on the other hand, using a new dataset for measuring financial liberalization for a sample of 25 developing economies over the period 1973-96. We find no...

The article investigates whether the Chilean banking reforms of the 80s have contributed to reducing market imperfections in the financial markets in the late 80s and 90s. Patterns of the investment and its finance for different types of firms are studied. The conclusion is that those specific...