Quarterly Journal of Economics, November, 113(4): 1245-1279. Bertarnd, Marianne, Antoinette Schoar, and David Thesmar. 2007. "Banking Deregulation and Industry Structure: Evidence from the French Banking Reforms of 1985." Forthcoming, Journal of Finance. Calvert, Laurent, John Campbell and Paolo Sodini. 2006. "Down or Out: Assessing the Welfare Costs of Household Investment Mistakes." Mimeo, Harvard University. Caselli, Francesco. 2005. "Accounting for Cross-Country Income Differences."
For some time we have been waiting for a lift in non-mining business investment. It has been a long time coming. Encouragingly, in New South Wales and Victoria we have now seen a reasonable pick-up in investment. However, we are yet to see this in most other states, where the unwinding of the mining investment boom continues to affect the overall business climate.