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APUSpecial Lecture on Development Strategy by Motoo Kusakabe
|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?
|- 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)
Does Investment produce higher Growth?
|What is "Financial Gap" approach in
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