UID:
almafu_9958131815502883
Format:
1 online resource (256 pages)
ISBN:
1-4832-9134-0
Series Statement:
Contributions to Economic Analysis ; 208
Content:
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
Note:
Front Cover; Reviving Private Investment in Developing Countries; Copyright Page; INTRODUCTION TO THE SERIES; PREFACE; Table of Contents; LIST OF CONTRIBUTORS; CHAPTER 1. REVIVING PRIVATE INVESTMENT IN DEVELOPING COUNTRIES: MAJOR THEMES; Introduction; Stabilization, Adjustment, and Private Investment; Exchange Rate Policy and Private Investment; Financial Crowding-Out, Tax Policy, and the Cost of Capital; Uncertainty and Credibility; The Composition of Government Expenditure and Private Investment; Concluding Remarks
,
CHAPTER 2. HOW PRIVATE INVESTMENT REACTS TO CHANGING MACROECONOMIC CONDITIONS: THE CASE OF CHILE IN THE 1980s; Private Investment and Macroeconomic Developments in Chile; A Model of Private Investment; Empirical Analysis; A Kaiman Filter Test: Identifying Structural Shifts in Investment; Policy Simulations; Conclusion; Acknowledgment; Appendix: Definitions and Measurement; References; CHAPTER 3. GOVERNMENT POLICY AND PRIVATE INVESTMENT RECOVERY IN COLOMBIA; Introduction; Aggregate Demand and Investment; Financial Policy and Business Investment; Structure of Corporate Finance
,
Directed Credit and Business Investment; Tax Policy and the Corporate Cost of Capital; Conclusion and Policy Suggestions; Acknowledgment; Appendix: Derivation of the Cost of Capital and Determination of the Corporate Leverage Ratio; References; CHAPTER 4. PRIVATE INVESTMENT AND PUBLIC POLICY: THE EGYPTIAN CASE; Introduction; Microeconomic Foundations for a Developing Economy: A Brief Summary of Survey Results; The Firm's Optimization Problem; Investment Dynamics: An Error Correction Approach; Empirical Evidence; Methodology; Engle and Granger Two-Step Estimator; Unrestricted Dynamic Estimation
,
An Evaluation of the Results; Conclusions; Acknowledgment; References; CHAPTER 5. DOES DEVALUATION HURT PRIVATE INVESTMENT? THE INDONESIAN CASE; Introduction; Trends in Investment and Related Macroeconomic Variables; Devaluation and Investment: The Model; Empirical Estimation for Indonesia; The Macroeconomic Model; Model Simulation of the Effect on Private Investment of Slower Devaluation; Conclusion; Acknowledgment; References; CHAPTER 6. PRIVATE INVESTMENT UNDER MACROECONOMIC ADJUSTMENT IN MOROCCO; Introduction
,
Private and Public Investment in Morocco: Measurement Problems and Behavioral Pattern; The Behavior of Private Investment, 1970-1988; Conclusions and Policy Implications; Appendix A: A Methodological Note on the Private Investment Series; Appendix B: The Real User Cost of Capital; Appendix C: Morocco Data Series (1970-1988); References; CHAPTER 7. PUBLIC POLICY AND PRIVATE INVESTMENT IN TURKEY; Introduction; Investment Trends; Determinants of Private Fixed Investment: Model Specification; Estimation Results for the Investment Model; An Empirical Analysis of Private Investment in Turkey 1980-86; Conclusions
,
English
Additional Edition:
ISBN 1-322-26967-X
Additional Edition:
ISBN 0-444-89395-4
Language:
English
Bookmarklink
