Modelling Investment Behavior in Developing Countries PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Modelling Investment Behavior in Developing Countries PDF full book. Access full book title Modelling Investment Behavior in Developing Countries by Nemat Shafik. Download full books in PDF and EPUB format.
Author: Nemat Shafik
Publisher:
ISBN:
Category :
Languages : en
Pages : 66
Get Book Here
Book Description
Author: Nemat Shafik
Publisher:
ISBN:
Category :
Languages : en
Pages : 66
Get Book Here
Book Description
Author: Nemat Shafik
Publisher:
ISBN:
Category : Capital investments
Languages : en
Pages : 72
Get Book Here
Book Description
This model of investment behavior takes into account certain characteristics common to developing countries, such as the oligopolistic structure of markets, putty- clay technology, the inelastic supply of nontraded capital goods, and financial repression.
Author: Cherian Samuel
Publisher: World Bank Publications
ISBN:
Category : Business enterprises
Languages : en
Pages : 60
Get Book Here
Book Description
Author: Inessa Love
Publisher: World Bank Publications
ISBN:
Category : Business enterprises
Languages : en
Pages : 40
Get Book Here
Book Description
The authors apply vector autoregression to firm-level panel data from 36 countries to study the dynamic relationship between firms' financial conditions and investment. They argue that by using orthogonalized impulse-response functions they are able to separate the "fundamental factors" (such as marginal profitability of investment) from the "financial factors" (such as availability of internal finance) that influence the level of investment. The authors find that the impact of the financial factors on investment, which they interpret as evidence of financing constraints, is significantly larger in countries with less developed financial systems. The finding emphasizes the role of financial development in improving capital allocation and growth.
Author: Daniel Piazolo
Publisher:
ISBN:
Category : Saving and investment
Languages : en
Pages : 50
Get Book Here
Book Description
Author: A. Chhibber
Publisher: Elsevier
ISBN: 1483291340
Category : Business & Economics
Languages : en
Pages : 256
Get Book Here
Book Description
The aim of the research described in this volume is to examine the behavior of private domestic investment in a sample of seven developing economies: Chile, Colombia, Egypt, Indonesia, Morocco, Turkey, and Zimbabwe. The studies represent a first step toward understanding the investment process in developing countries and the scope for government policy to affect private capital formation. Such issues will become increasingly important in the future as more developing countries try to encourage private investment. Four key issues emerge in the analysis of the determinants of private investment and its role in adjustment programs in developing countries. The first is the impact of changes in the exchange rate; the second major concern is the existence of crowding out of private activity as a result of government borrowing in domestic financial markets through interest rates or quantity rationing. A third and related issue is whether government spending, particularly that on investment, "crowds in" or "crowds out" private capital formation. Fourth, the effects of uncertainty are important in determining the response of private agents to changes in the incentive structure.
Author: Luis Serven
Publisher: World Bank Publications
ISBN:
Category : Investments
Languages : en
Pages : 47
Get Book Here
Book Description
Author: Lant Pritchett
Publisher: World Bank Publications
ISBN: 6010532299
Category : Capital
Languages : en
Pages : 46
Get Book Here
Book Description
May 2000 - Using the word capital to represent two different concepts is not such a problem when government is responsible for only a small fraction of national investment and is reasonably effective (as in the United States). But when government is a major investor and is ineffective, the gap between capital and cumulative, depreciated investment effort (CUDIE) may be enormous. A public sector steel mill may absorb billions as an investment, but if it cannot produce steel it has zero value as capital. The cost of public investment is not the value of public capital. Unlike for private investors, there is no remotely plausible behavioral model of the government as investor that suggests that every dollar the public sector spends as investment creates capital in an economic sense. This seemingly obvious point has so far been uniformly ignored in the voluminous empirical literature on economic growth, which uses, at best, cumulated, depreciated investment effort (CUDIE) to estimate capital stocks. But in developing countries especially, the difference between investment cumulated at cost and capital value is of primary empirical importance: government investment is half or more of total investment. And perhaps as much as half or more of government investment spending has not created equivalent capital. This suggests that nearly everything empirical written in three broad areas is misguided. First, none of the estimates of the impact of public spending identify the productivity of public capital. Even where public capital could be very productive, regressions and evaluations may suggest that public investment spending has little impact. Second, everything currently said about total factor productivity in developing countries is deeply suspect, as there is no way empirically to distinguish between low output (or growth) attributable to investments that created no factors and low output (or growth) attributable to low (or slow growth in) productivity in using accumulated factors. Third, multivariate growth regressions to date have not, in fact, controlled for the growth of capital stock, so spurious interpretations have emerged. This paper - a product of Poverty and Human Resources, Development Research Group - is part of a larger effort in the group to understand the importance of public sector actions for economic growth.
Author: Masao Ogaki
Publisher:
ISBN:
Category :
Languages : en
Pages : 38
Get Book Here
Book Description
The impact of changes in real interest rates on saving and growth is a central issue in development economics. According to one familiar view, a financial liberalization program which increases real interest rates should encourage saving, thereby boosting investment and growth. While such liberalizations have indeed typically succeeded in raising real interest rates, their impact on private saving has been mixed. This paper uses macroeconomic data for a sample of countries with diverse income levels to estimate a model in which the intertemporal elasticity of substitution varies with the level of wealth. The estimated parameters are then used to calculate, in the context of a simple endogenous growth model, the responsiveness of saving to real interest rate changes for countries at differing stages of development.
Author: Tripti Tripathi
Publisher: Business Science Reference
ISBN: 9781522574019
Category : Business & Economics
Languages : en
Pages : 0
Get Book Here
Book Description
Behavioral finance challenges the traditional assumption that individuals are rational by focusing on the cognitive and emotional aspects of finance, which draws on psychology, sociology, and biology to investigate true financial behavior. The financial sector requires sound understanding of market dynamics and strategic issues to meet future challenges in the field. Behavioral Finance and Decision-Making Models seeks to examine behavioral biases and their impact on investment decisions in order to develop better future plans and strategies in the financial sector. While highlighting topics including behavioral approach, financial regulation, and globalized sector, this book is intended for policymakers, technology developers, managers, government officials, academicians, researchers, and advanced-level students.
