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Author: J. Kim
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Charlotta Groth
Publisher:
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Category :
Languages : en
Pages :
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Author: Harumi Ito
Publisher:
ISBN:
Category :
Languages : en
Pages : 212
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Author: J. Kim
Publisher:
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Category :
Languages : en
Pages :
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Author: Jinill Kim
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 48
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Author: Mr.Arne Bigsten
Publisher: International Monetary Fund
ISBN: 1451852258
Category : Business & Economics
Languages : en
Pages : 54
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This paper examines dynamic patterns of investment in Cameroon, Ghana, Kenya, Zambia and Zimbabwe, assessing the consistency of those patterns with different adjustment cost structures. Using survey data on manufactured firms, we document the importance of zero investment episodes and lumpy investment. The proportion of firms experiencing large investment spikes is significant in explaining aggregate manufacturing investment. Taken together, evidence from descriptive statistics, average investment regressions modeling the response to capital imbalance, and transition data analysis indicate that irreversibility is an important factor considered by firms when making investment plans. The picture is not unanimous however, and some explanations for the mixed results are proposed.
Author: Mr.Omotunde E. G. Johnson
Publisher: International Monetary Fund
ISBN: 1451856784
Category : Business & Economics
Languages : en
Pages : 22
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Adjustment assistance is provided to local investors responding to policy reform and facing adjustment costs, to facilitate their activity–a signal to foreign investors about the profitability of investing in the local economy. The government, in providing assistance, maximizes its utility subject to its budgetary constraint, taking into account the utility forgone in alternative uses of budgetary funds. Foreign investors use the signal to update beliefs about investors in the local economy and compute the expected return from investing in the country. The investment response of foreign investors depends on the expected return so computed relative to the expected returns in their alternative investments worldwide.
Author: Jinill Kim
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 26
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Author: Hashmat Khan
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 31
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Author: Michael J. Swann
Publisher:
ISBN:
Category : Investments
Languages : en
Pages : 166
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Author: Luis Alvarez
Publisher:
ISBN:
Category : Capital
Languages : en
Pages : 112
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