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The current study investigates the impact of foreign direct investment on the growth of Namibia's economy from 1990 to …, and other macroeconomic variables such as domestic investment, government consumption expenditure, human capital, a proxy … for economic stability, and return on investment are responsible for Namibia's economic growth. The article confirms the …
Persistent link: https://www.econbiz.de/10014500822
depending on the comparison between the slopes of the IS and LM curves. The variables are foreign direct investment net flow …
Persistent link: https://www.econbiz.de/10013499178
past several decades. It suggests that the decline in interest rates is largely explicable from trends in saving, growth …
Persistent link: https://www.econbiz.de/10013210052
economists identify saving and the credit supply by interpreting the macroeconomic saving-investment identity as a budget … constraint. According to that interpretation, more saving through lower consumption (and government spending) leads to a higher … supply of credit and thus more funds to be invested by firms for investment. The paper shows that proponents of this theory …
Persistent link: https://www.econbiz.de/10010201646
argue that there is much confusion about key macroeconomic concepts like saving, investment and finance. This confusion is … best summarised in the statement "saving finances investment". After clearly defining the accounting relationships between … lending, financial saving and physical investment it will be shown that this is a nonsense statement. The theory behind it …
Persistent link: https://www.econbiz.de/10009672542
investment in irreversible goods. This paper characterizes this problem in general equilibrium with technology shocks, additive … output shocks and shocks to the marginal efficiency of investment. Uncertainty is associated with the variance of these … random variables, and irreversibility is introduced by a non-negativity constraint on investment. I find that irreversibility …
Persistent link: https://www.econbiz.de/10014221988
only in the case where there is no investment and the interest rate channel only originates in the savings decisions of … households. The paper derives the dynamic IS curve analytically in a model with investment, where the interest rate channel … originates both in the the savings decisions of households and the investment decisions of firms. This generalized dynamic IS …
Persistent link: https://www.econbiz.de/10014258132
Key economic concepts of saving and investment are defined and discussed in this paper. It is shown that the equation … “saving=investment” is a fundamental fallacy of macroeconomics due to a confusion between real and financial variables, and … would have it or by saving as Hayek would have it. The Keynesian fallacy of “saving=investment” in the national account has …
Persistent link: https://www.econbiz.de/10013043655
that foreign reserve accumulation is part and parcel of a growth strategy based on strong capital investment in a … occasionally credit-constrained and they do not have a direct access to international financial market, they need domestic saving …
Persistent link: https://www.econbiz.de/10013076609
underdevelopment of the domestic financial market. As domestic firms are credit-constrained, domestic saving instruments are necessary …
Persistent link: https://www.econbiz.de/10012954174