The production of offspring typically requires investment of resources derived from both the environment and maternal somatic reserves. As such, the availability of either of these types of resources has the potential to limit the degree to which resources are allocated to reproduction. Theory and empirical studies have argued that mothers modify reproductive performance relative to exogenous r...

In this article, I try to find out what are the effects of financial variablessuch as ratio of private sector deposits to GDP and ratio of bank credit toprivate sector to GDP and value of stocks trade in Tehran stockexchange to total current value of stocks and private sector liquidity toGDP on total investment.We use two models to test our hypothesis the first is a model for Iranand the second...

There is no doubt that the challenge of boosting savings is of great importance if Egypt was to sustain the achieved growth rate and increase its investment rate. This paper studies the role of financial liberalization in stimulating savings, investment and growth, with reference to the Egypt. The growth of output of any economy depends on capital accumulation, which in turn requires investment...

We develop a general-equilibrium model of inventories with explicit micro-foundations by embedding the production-cost-smoothing motive (e.g., Eichenbaum, AER 1989) into an otherwise standard DSGE model. We show that …rms facing idiosyncratic cost shocks have incentives to bunch production and smooth sales by carrying inventories. The optimal inventory target of a …rm is derived explicitly. The...

This paper reassesses the burden of the current U.S. international tax regime and reconsiders well-known welfare benchmarks used to guide international tax reform. Reinventing corporate tax policy requires that international considerations be placed front and center in the debate on how to tax corporate income. A simple framework for assessing current rules suggests a U.S. tax burden on foreign...