In the last three years TISS support has created 349 jobs in North Wales, safeguarded a further 54, and has induced investment
in the region's tourism sector of PS10.4m.
However, for growth to be sustained in the long term, Japan needs to regain its competitiveness, which requires structural transformation, because a weaker yen and/or government induced investment
and job creation can only provide a temporary solution for Japan's economic problems.
They maintain a virtuous cycle induced by investment where consumption increase induced investment
, which stimulates further growth of GDP and consumption.
In Part V, I follow a debate whether induced investment
in machines could promote economic growth in the United States.
The induced investment
argument assumes that potential migrants (or their parents) believe that good preparation at home will increase their chances of reaping the economic bonanza associated with going abroad.
The thesis explores the relationship between induced investment
, the constraints of financing investment, market structure, and the determinants of aggregate demand and business cycle performance.
However, he made it quite clear that this only related to induced investment
. In the letter to me his reaction to my suggestion that entrepreneurs might take a longer view is to say that, if this occurs, the effect is to shift some investment from the induced to the autonomous category.
(a) For y > 0, the manager's induced investment
choice increases with the signal-contingent expected productivity of capital, and decreases with the incentive rate, the manager's risk aversion, his post-decision risk, and the capital charge, i.e., [dq.sup.[dagger]]/dy > 0, [dq.sup.[dagger]]/d[nu] < 0, [dq.sup.[dagger]]/[db.sub.a] < 0, [dq.sup.[dagger]]/d[[tau].sub.p.sup.2] < 0, and [dq.sup.[dagger]]/d[GAMMA] < 0.
When we talk of fixed excess capacity, induced investment
becomes relevant as investment is induced by past changes in the level of output.
If [mu] > 0, then induced investment
also plays a role.
There is an additional contribution to dynamic gains from induced investment
in response to cheaper imported capital equipment (once home protection is removed) and as new export opportunities arise.
The SEC's complaint further alleges that Meadlin and Hyaline fraudulently induced investments
from at least two clients using the false performance and AUM data.