Examining private investment heterogeneity : evidence from a dynamic panel

CiNii 所蔵館 1館

書誌事項

タイトル
"Examining private investment heterogeneity : evidence from a dynamic panel"
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Kul B. Luintel and George Mavrotas
出版者
  • United Nations University, World Institute for Development Economics Research
出版年月
  • 2005
書籍サイズ
30 cm

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注記

"December 2005."

Includes bibliographical references (p. 18-22)

Summary: "We investigate domestic private investment behaviour in a panel of 24 low-income and middle-income countries spanning a period of 1981-2000. The paper rigorously addresses (i) the cross-country heterogeneity in private investment behaviour, and (ii) endogeneity. Indicators of financial sector development and other standard macroeconomic determinants of private investment appear significant in explaining private investment behaviour in out sample; however, the estimated parameters and adjustment dynamics exhibit important cross-country differences. The empirical findings of the paper have important implications namely that first, cross-country heterogeneity needs to be addressed while modelling the private investment behaviour, and second, at the policy level, the country-specific approach appears potentially more effective than the one-size-fits-all approach for boosting private investment" -- Abstract

Also available from the Internet at www.wider.unu.edu

HTTP:URL=http://www.wider.unu.edu/publications/publications.htm

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