Investment is crucial to the development of a nations economy and
welfare. In contrast to the situation in the United States,
investment activity in Europe has been quite modest over the past
few years. This volume gathers together a number of papers by
prominent researchers in the field of investment. It provides an
overview of recent developments in this area and presents new
empirical findings on the determinants and implications of the
investment process in European countries. Among the topics examined
are the role played by taxation, uncertainty and the financial
systems, as well as the relevance of corporate governance to the
investment process. Two chapters are dedicated to infrastructure
investment and foreign direct investment.
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