Showing 1 - 10 of 113
In the 1980s, U.S. real investment in high technology equipment has grown rapidly while other components of business … fixed investment have been weak. The surge in real high technology investment has been accompanied by a very sharp decline … investment was extended to cover the period through 1988, the equation for nonresidential structures performed much as before …
Persistent link: https://www.econbiz.de/10014396096
This paper examines the behavior of business fixed investment in the United States in the 1980s. A background … discussion of the long-term behavior of the components of business fixed investment is provided, setting the context for the … empirical analysis. A standard neoclassical model of business fixed investment is specified and estimated, with output and the …
Persistent link: https://www.econbiz.de/10014396320
Persistent link: https://www.econbiz.de/10000671075
Cambodia became dollarized suddenly in the early 1990s, as a result of massive dollar inflows stemming from a postconflict situation. Considering that the amount of dollars in circulation is unusually high, we attempt to estimate the true degree of dollarization empirically. Our results show...
Persistent link: https://www.econbiz.de/10014399652
This study examines the challenges and issues facing policymakers in highly dollarized economies. Focusing on Cambodia, which achieved almost complete dollarization during 1991-95, the authors review recent developments in the literature on dollarization and examine the costs and benefits of...
Persistent link: https://www.econbiz.de/10014411073
We study the composition of central bank holdings of foreign reserves when the level of currency riskiness is endogenously determined by economic structure and policymaker preferences in reserve issuing countries. Examination of the behavior of official foreign reserves of the industrial and...
Persistent link: https://www.econbiz.de/10014396457
This paper examines some factors that may have accounted for the investment and growth performance of Ghana during the …
Persistent link: https://www.econbiz.de/10014397501
The spectacular growth of many economies in East Asia over the past 30years has impressed the economics profession, which often refers to thesuccess of the so-called Four Tigers of the region (Hong Kong, Korea, Singapore, and Taiwan Province of China) as ""miraculous."" This papercritically...
Persistent link: https://www.econbiz.de/10014402766
Enhancing public and private investment, but also ensuring that this translates into higher growth and employment, have … long been key policy challenges in Arab countries. Reflecting an improvement in policies and global conditions, investment … differences across the region-investment has on average been somewhat weaker than in peer countries and less effective at …
Persistent link: https://www.econbiz.de/10014408616
This paper analyzes the effects of several policy and other macro-economic variables on the ratio of private investment … econometric evidence indicates that the rate of private investment is positively related to the real growth rate of GDP, public … sector investment, and to a lesser extent the level of per capita GDP, while it is negatively related to domestic inflation …
Persistent link: https://www.econbiz.de/10014395767