Cardoso, Eliana A. - In: Brazilian journal of political economy 12 (1992) 4, pp. 73-88
The paper explores the determinants of investment in Latin America. The regressions use quadrennial panel data for the … period 1970-1985 in Argentina, Brazil, Chile, Colombia, Mexico and Venezuela. The decline in private investment shares seems … investment, increased macroeconomic instability, and from a large stock of foreign debt. The real exchange rate and the real rate …