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The finding of Feldstein and Horioka (1980) that countriesf investment rates are highly correlated with their national … and investment in a sample that includes not only 14 industrialized countries, but also 50 developing countries. The paper … developing countries, and higher after 1973 than before. Our interpretation of the saving-investment evidence is that the …
Persistent link: https://www.econbiz.de/10012477026
environmental returns. Examination of every equity investment made by the International Finance Corporation, one of the largest and … markets, and a core thesis of impact investing that some eligible markets do not receive sufficient investment capital …
Persistent link: https://www.econbiz.de/10012481174
According to the consensus view in growth and development economics, cross country differences in per-capita income largely reflect differences in countries' total factor productivity. We argue that this view has powerful implications for patterns of capital flows: everything else equal,...
Persistent link: https://www.econbiz.de/10012465044
has significant effects on the cost of capital, investment, and economic growth …
Persistent link: https://www.econbiz.de/10012465962
This paper proposes a new method for measuring the degree to which the domestic capital stock is self-financed. The main idea is to use the national accounts to construct a self-financing ratio, indicating what would have been the autarky stock of tangible capital supported by actual past...
Persistent link: https://www.econbiz.de/10012468068
investment opportunities drive the cross-sectional variation in the post-liberalization investment increases …
Persistent link: https://www.econbiz.de/10012469806
This paper looks at the patterns of causation between income, export, import, and investment growth for 25 developing …
Persistent link: https://www.econbiz.de/10012471951
We use the World Bank decomposition of aggregate investment shares into their private and public components to test for … the correlation between volatility and investment in a set of developing countries. We uncover a statistically significant … negative correlation between various volatility measures and private investment, even when adding the standard control …
Persistent link: https://www.econbiz.de/10012472987
This study uncovers a statistically significant negative correlation between volatility and private investment over the … number of different measures, volatility reduces private investment in developing countries. We then show that the …
Persistent link: https://www.econbiz.de/10012473481
A resurgence in private investment is a necessary ingredient of a sustainable recovery in heavily-indebted developing … investment until much of the residual uncertainty regarding the eventual success of the reform is eliminated. This paper shows … that even moderate amounts of policy uncertainty can act as a hefty tax on investment, and that otherwise sensible reforms …
Persistent link: https://www.econbiz.de/10012476049