Investment, Growth and Employment Perspectives for Policy

Investment - in both facilities and know-how - is essential for growth. Economists try to understand the forces that determine investment, but its behaviour is unruly; often the term animal spirits is used to explain the resulting volatility. This volume presents a new set of studies to explain international investment behaviour and assess its impact on growth and jobs. The authors also examine policy measures aimed at reversing the climate of low investment that has characterised recent decades. The contributors examine how well standard models of investment work, the role of finance constraints, the effect of risk and uncertainty, the impact of alternative forms of corporate governance, the forces shaping the adoption of new technology, the impact of foreign direct investment, the effect of investment on the NAIRU and the causal structure of investment and growth. Editors introductions to the different sections of the book provide comprehensive overviews of the main theories of investment, the iDriver, Ciaran is the author of 'Investment, Growth and Employment Perspectives for Policy' with ISBN 9780415197793 and ISBN 0415197791.