Capital Absorptive Capacity in Developing Countries PDF Download
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Author: Willy J. Stevens Publisher: ISBN: Category : Absorptive capacity (Economics) Languages : en Pages : 240
Book Description
Analysis of economic theory of and factors determining the absorptive capacity of developing countries for investment capital and the relationship thereof to economic growth - examines the capacity constraints constituted by inadequate foreign and domestic demand, and the labour shortage of skilled workers and managers and covers measurement methodology and means of increasing absorptive capacity (incl. Foreign economic aid and technical cooperation) and regional planning to promote economic integration. Bibliography pp. 211 to 213, references and statistical tables.
Author: Willy J. Stevens Publisher: ISBN: Category : Absorptive capacity (Economics) Languages : en Pages : 240
Book Description
Analysis of economic theory of and factors determining the absorptive capacity of developing countries for investment capital and the relationship thereof to economic growth - examines the capacity constraints constituted by inadequate foreign and domestic demand, and the labour shortage of skilled workers and managers and covers measurement methodology and means of increasing absorptive capacity (incl. Foreign economic aid and technical cooperation) and regional planning to promote economic integration. Bibliography pp. 211 to 213, references and statistical tables.
Author: Mr.Andrew Berg Publisher: International Monetary Fund ISBN: 1475549822 Category : Business & Economics Languages : en Pages : 48
Book Description
Natural resource revenues provide a valuable source to finance public investment in developing countries, which frequently face borrowing constraints and tax revenue mobilization problems. This paper develops a dynamic stochastic small open economy model to analyze the macroeconomic effects of investing natural resource revenues, making explicit the role of pervasive features in these countries including public investment inefficiency, absorptive capacity constraints, Dutch disease, and financing needs to sustain capital. Revenue exhaustibility raises medium-term issues of how to sustain capital built during a windfall, while revenue volatility raises short-term concerns about macroeconomic instability. Using the model, country applications show how combining public investment with a resource fund---a sustainable investing approach---can help address the macroeconomic problems associated with both exhaustibility and volatility. The applications also demonstrate how the model can be used to determine the appropriate magnitude of the investment scaling-up (accounting for the financing needs to sustain capital) and the adequate size of a stabilization fund (buffer).
Author: Daniel Gurara Publisher: International Monetary Fund ISBN: 1513529986 Category : Business & Economics Languages : en Pages : 37
Book Description
While expanding public investment can help filling infrastructure bottlenecks, scaling up too much and too fast often leads to inefficient outcomes. This paper rationalizes this outcome looking at the association between cost inflation and public investment in a large sample of road construction projects in developing countries. Consistent with the presence of absorptive capacity constraints, our results show a non-linear U-shaped relationship between public investment and project costs. Unit costs increase once public investment is close to 10% of GDP. This threshold is lower (about 7% of GDP) in countries with low investment efficiency and, in general, the effect of investment scaling up on costs is especially strong during investment booms.
Author: Willy J. Stevens
Author: Willy J. Stevens
Author: 
Author: Rajneesh Narula
Author: Prabuddha Sanyal and Suresh Babu
Author: J. Adler
Author: Elliot Berg
Author: 
Author: John Hans Adler
Author: Mr.Andrew Berg
Author: Daniel Gurara