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APUSpecial Lecture on Development Strategy by Motoo Kusakabe

Lesson Five:
5. Is Investment Key to Growth? (Lecture)
What do we learn? Reading Suggestions
Are savings and investment major determinants of growth?

 

 

 

 

 

Is Savings and Investment the engine of growth?
Meier, Gerald M. and James E. Raich. "leading Issues in Economic Devlopment" seventh edition, Overview: Savings- The Engine fo Growth?

What are the roles of Investment and Saving in economic growth?
Hayami, Yujiro. Development Economics, From the Poverty to the Wealth of Nations, Second Edition, Oxford University Press

- What is the empirical evidence?
- Does Investment expand the growth?

 

 

What are the empirical evidence of the impact of Investment on growth?
Blomstrom, Magnus, Robert E. Lipsey, and Mario Zejan. Is Fixed Investment the Key to Economic Growth? Quarterly Journal of Economics 111 (February 1996): 269-273.
(Reprinted in Leading Issues in Economic Development. by Gerald Meier and James Rauch. Granger Simms Test)

Forward and Reverse Causalities between Various Growth Factors and GDP per capita growth

What is the recent trend of correlation between savings and growth? (Kusakabe, 2005)

Does Investment produce higher Growth?
Easterley, William. 2001. The Elusive Quest for Growth, Economists Adventures and Misadventures in the Tropics. The MIT Press. p39

What is "Financial Gap" approach in development aid?

Does aid expand the Investment?

 

 

 

What was the effectiveness of the Financial Gap approach?
Easterley, William. 2001. The Elusive Quest for Growth, Economists Adventures and Misadventures in the Tropics. The MIT Press. p37-38