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...

the theoretical base of this paper is the economic growth model that completed with capital stocks (private and public) and human capital. at the first, hypothesis test about constant returns to scale is studied, and then the related variables with macroeconomic policies are added to the model. the results show that 1) the aggregate production function exhibits increasing returns to scale, 2) p...

The paper examines the effects on growth of both private and public investment in health, schooling and culture: in short, education. These expenditures exert two effects on the growth rate: (i)they increase labour and capital stock productivity through a positive externality, and (ii) they modify saving and investment decisions through the substitutability between education and private consump...

The Value of Private Information We study the consumption-investment problem of a CRRA agent who possesses private information about the future prospects of a stock. We compute the value of the information to the agent by comparing the utility equivalent with and without the information of the agent. The value of private of information to the agent depends linearly on the wealth of agents and d...

This series is published by ODI, an independent non-profit policy research institute, with financial support from the Department for International Development (formerly the Overseas Development Administration). Opinions expressed do not necessarily reflect the views of either ODI or DFID. Privatisation is an increasingly prominent feature of the policy advice directed at agricultural research i...