Similar Search Results

Investment, Uncertainty, and Irreversibility in Ghana

Pattillo, Catherine A. - 1997

Panel data on Ghanaian manufacturing firms are used to test predictions from models of irreversible investment under uncertainty. Information on the entrepreneur’s subjective probability distribution over future demand for the firm’s products is used to construct the expected variance of...

Persistent link: https://www.econbiz.de/10014403297

Adjustment Costs, Irreversibility, and Investment Patterns in African Manufacturing

Bigsten, Arne - 1999

This paper examines dynamic patterns of investment in Cameroon, Ghana, Kenya, Zambia and Zimbabwe, assessing the …

Persistent link: https://www.econbiz.de/10014400554

Dissecting Saving Dynamics : Measuring Wealth, Precautionary, and Credit Effects

Carroll, Chris - 2012

We argue that the U.S. personal saving rate’s long stability (from the 1960s through the early 1980s), subsequent steady decline (1980s - 2007), and recent substantial increase (2008 - 2011) can all be interpreted using a parsimonious ‘buffer stock’ model of optimal consumption in the...

Persistent link: https://www.econbiz.de/10014395705

Dissecting saving dynamics : measuring wealth, precautionary, and credit effects

Carroll, Chris; Slacalek, Jirka; Sommer, Martin - 2012

We argue that the U.S. personal saving rate's long stability (from the 1960s through the early 1980s), subsequent steady decline (1980s - 2007), and recent substantial increase (2008 - 2011) can all be interpreted using a parsimonious 'buffer stock' model of optimal consumption in the presence...

Persistent link: https://www.econbiz.de/10009622528

Assessing macro-financial risks of household debt in China

Han, Fei; Jurzyk, Emilia; Guo, Wei; He, Yun; Rendak, Nadia - 2019

strengthening of systemic risk assessment and macroprudential policies of the household sector. Other policies include improving the …

Persistent link: https://www.econbiz.de/10012154904

Financial Market Constraints and Private Investment in a Developing Country

Johnson, Omotunde E. G. - 1990

Firms in developing countries that seek outside financing for investment must often choose their debt-equity combinations in the face of financial market constraints on debt service, on outside equity financing, and on internal finance (endowments). Inefficiencies in the allocation of available...

Persistent link: https://www.econbiz.de/10014395863

Economic policy uncertainty in Turkey

Jirasavetakul, La-Bhus Fah; Spilimbergo, Antonio - 2018

Uncertainty over economic policy plays a key role in economic outcomes. But evidence and quantification for emerging markets are elusive because of measurement and reverse causality issues. In this paper, we construct a news-based economic policy uncertainty (EPU) index for Turkey and assess how...

Persistent link: https://www.econbiz.de/10011978593

Price and Volume Effects of a Devaluation in Developing Countries

Kouwenaar, Arend - 1991

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...

Persistent link: https://www.econbiz.de/10014395982

Ghana : Will it Be Gifted or Will it Be Cursed?

Aydin, Burcu - 2011

Will Ghana’s oil production from 2011 accelerate progress toward middle-income status, or will it retard gains in … techniques. Results confirm that resource rich countries in Ghana’s income range do experience slower growth than their more … diversified peers, an effect that appears to be related to weaker governance. Provided that Ghana can preserve and improve its …

Persistent link: https://www.econbiz.de/10014399413

Ghana : will it be gifted or will it be cursed?

Aydin, Burcu - 2011

Persistent link: https://www.econbiz.de/10009486324