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Author: Robert S. Pindyck
Publisher:
ISBN:
Category : Developing countries
Languages : en
Pages : 36
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Book Description
Using the irreversibility approach to investment, a robust, negative relationship between inflation and capital formation is found for high- inflation countries in Latin America and for low- inflation economies in the OECD.
Author: Robert S. Pindyck
Publisher:
ISBN:
Category : Developing countries
Languages : en
Pages : 36
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Book Description
Using the irreversibility approach to investment, a robust, negative relationship between inflation and capital formation is found for high- inflation countries in Latin America and for low- inflation economies in the OECD.
Author: Ciaran Driver
Publisher: Routledge
ISBN: 113464180X
Category : Business & Economics
Languages : en
Pages : 230
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Book Description
This volume presents studies to explain international investment behaviour and assess its impact on growth and jobs. The authors also examine policy measures to reverse the climate of low investment that has characterised recent years
Author: Javier Mario Ekboir
Publisher:
ISBN:
Category :
Languages : en
Pages : 424
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Book Description
Author: Ms.Catherine A. Pattillo
Publisher: International Monetary Fund
ISBN: 1451858302
Category : Business & Economics
Languages : en
Pages : 37
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Book Description
Panel data on Ghanaian manufacturing firms are used to test predictions from models of irreversible investment under uncertainty. Information on the entrepreneur’s subjective probability distribution over future demand for the firm’s products is used to construct the expected variance of demand, which is used as a measure of uncertainty. Empirical results support the prediction that firms wait to invest until the marginal revenue product of capital reaches a firm-specific hurdle level. Moreover, higher uncertainty raises the hurdle level that triggers investment, and uncertainty has a negative effect on investment levels that is greater for firms with more irreversible investment.
Author: Mark Jan-Jochem Koetse
Publisher: Rozenberg Publishers
ISBN: 9051707290
Category :
Languages : en
Pages : 217
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Book Description
Author: Robert S. Pindyck
Publisher: World Bank Publications
ISBN:
Category : Capital investments
Languages : en
Pages : 58
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Book Description
Irreversible investment is especially sensitive to such risk factors as volatile exchange rates and uncertainty about tariff structures and future cash flows. If the goal of macroeconomic policy is to stimulate investment, stability and credibility may be more important than tax incentives or interest rates.
Author: Paul Butzen
Publisher: Edward Elgar Publishing
ISBN: 9781781956335
Category : Business & Economics
Languages : en
Pages : 354
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Book Description
This book provides coherent theoretical and empirical analysis of firms’ investment and financing decisions. It assesses the role of uncertainty, financial imperfections, corporate governance and taxation. Evidence is obtained using several unique and high quality microeconomic data-sets, which explore features seldom addressed.
Author: Eduardo S. Schwartz
Publisher: MIT Press
ISBN: 9780262693189
Category : Business & Economics
Languages : en
Pages : 890
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Book Description
The study of investment under uncertainty was stagnant for several decades until developments in real options revitalized the field. The topics covered in this book include the reasons behind the under-investment programme.
Author: Olivier Blanchard
Publisher: MIT Press
ISBN: 9780262521840
Category : Business & Economics
Languages : en
Pages : 388
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Book Description
This annual is designed to stimulate research on problems in applied economics, to bring frontier theoretical developments to a wider audience, and to accelerate the interaction between analytical and empirical research in macroeconomics
Author: Paul Collier
Publisher: Springer
ISBN: 1349150681
Category : Business & Economics
Languages : en
Pages : 391
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Book Description
This book brings together academics in the fields of economics, political science, and law, with business practitioners in the fields of risk assessment and portfolio management. Their contributions are sequenced to tell a story. Africa is perceived as being a highly risky continent. As a result, investment is discouraged. These risks are partly exaggerated. However, to the extent that they reflect genuine problems, they are capable of being mitigated by insurance and reduced by political restraints such as central banks, investment charters, and international agreements.
