sudden stops on the macroeconomic indicators of economic growth and investment by employing the Generalized Method of Moments … variables. We find that sudden stops have lagging, negative, and robust effect on output and investment, while the effect on … investment is not always robusth …

as a function of investment. Compared with previous representations, the proposed approach is more consistent in its … incentive structure and investment characteristics at the sector level. An empirical application of the new methodology …

and its investment characteristics. In our empirical application we show that incentive compatibility implies that the …