for four African countries - the Cameroon, Ghana, Kenya and Zimbabwe - shows that in the early 1990s investment in … ask how skills have impacted on manufacturing investment and exports in the 1990s. Two dimensions of skills are defined … efficiency with which the firm operates. The latter is shown to be a significant determinant of both investment and exports …

linkages between investment in fixed and working capital and financing constraints.  We find that those firms characterized by … high working capital display high sensitivities of investment in working capital to cash flow (WKS) and low sensitivities … of investment in fixed capital to cash flow (FKS).  We then construct and analyze firm-level FKS and WKS measures and …

, investment rates are low.  I investigate three sources: detailed World Bank surveys of 6,500 manufacturing firms, a new panel … returns to be high throughout.  Micro-evidence and sectoral FDI data confirm that investment remains low outside the mining … industry and that the link between past profitability and current investment is weak in Africa.  Low investment despite high …

that, in case of multiple equilibria, consumers use the investment in quality as a coordination device.  We find that, in … equilibrium, platforms randomize over two disconnected intervals of investment levels, corresponding to competing for either the …

This paper examines how foreign ownership affects the investment decisions of subsidiary firms using a new dataset of … listed-parent - listed-subsidiary pairs.  We find that improvements in the investment opportunities of parent firms have a … negative effect on the investment of their subsidiaries, after controlling for the investment opportunities of the subsidiary …

productive, or near equally productive employees without relational contracts.  Investment in specific training relaxes the … incentive constraints on relational contracts, so the optimal level of investment can be higher for those with a relational … additional cost of optimal investment precisely offsets the post-investment surplus for marginal employees in relational …

.  Investment rises robustly soon after the news arrives, while GDP does not increase until after 5 years.  Employment rates fall …

there is a relation in terms of both industry growth rates and shares of output devoted to R&D. Investment in R&D rather …