摘要：AbstractThe current global crisis that originated in the USA in the middle of 2008 financial market was spread very quickly across the globe in almost all sectors, which caused most countries’ economy to shrink. The crisis raised the uncertainty in world economy and caused unsteadiness firstly at financial markets and later at real markets. The recession that started firstly in developed countries has affected the developing countries in critical levels as well. While the global developments were regressing, the countries were in consensus to take precautions in order to struggle with the crisis in the world economy. The financial and economic crises have induced negative implications on investment channel, since investors cut down on their investments in developing countries hence triggering job losses.In this study, we investigate the relationship between investment rates and real per capita GDP using two-way panel estimation technique as this has significant implications for development policy. Our sample covers 35 upper-middle income economies classified by the World Bank and the period analyzed extends from 1970 to 2007.
关键词：The Global Economic Crisis;Investment;Economic Growth;Panel Data Analysis
