Determinants of Private Investment Behaviour PDF Download

Author: Yaw Owusu Asante
Publisher:
ISBN:
Category : Economic surveys
Languages : en
Pages : 64

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Author: Niringiye Aggrey
Publisher:
ISBN: 9789966023537
Category : Investments
Languages : en
Pages : 40

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Author: Iyewumi Adeyele
Publisher: LAP Lambert Academic Publishing
ISBN: 9783659213618
Category :
Languages : en
Pages : 116

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It is a widely held opinion that the attainment of a robust economic growth and development in Nigeria will require, among other things, an increase in investment which will have to come primarily from the private sector. Viewed against the background of growing evidence of a link between investment and economic growth, the question of what determines private investment behavior in Nigeria therefore becomes an important one. Several studies in developing countries emphasize the importance of macroeconomic policy in explaining variations in investment, and in particular, identify the macroeconomic determinants of private investment to include; interest rates, output growth, public investment, bank credit to the private sector, inflation, real exchange rate, and the level of trade. This study proceeds in the same vein and evaluates the macroeconomic determinants of private investment in Nigeria by means of an estimation technique based on the co-integration and Vector Error Correction Model (VECM).

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451977026
Category : Business & Economics
Languages : en
Pages : 30

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This paper analyzes the effects of several policy and other macro-economic variables on the ratio of private investment to GDP in developing countries. Using data for a sample of 23 developing countries over the period 1975-87, the econometric evidence indicates that the rate of private investment is positively related to the real growth rate of GDP, public sector investment, and to a lesser extent the level of per capita GDP, while it is negatively related to domestic inflation, the debt service ratio, the debt-to-GDP ratio, and high real interest rates. There is also some indication that all but the last of these variables had a greater impact before the onset of the debt crisis in 1982, while the debt-to-GDP ratio (a measure of a country’s debt overhang) has become more important since then.

Author: Kul B. Luintel
Publisher:
ISBN: 9789291907502
Category : Investment
Languages : en
Pages : 22

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"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.

Author: A. Chhibber
Publisher: Elsevier
ISBN: 1483291340
Category : Business & Economics
Languages : en
Pages : 256

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The aim of the research described in this volume is to examine the behavior of private domestic investment in a sample of seven developing economies: Chile, Colombia, Egypt, Indonesia, Morocco, Turkey, and Zimbabwe. The studies represent a first step toward understanding the investment process in developing countries and the scope for government policy to affect private capital formation. Such issues will become increasingly important in the future as more developing countries try to encourage private investment. Four key issues emerge in the analysis of the determinants of private investment and its role in adjustment programs in developing countries. The first is the impact of changes in the exchange rate; the second major concern is the existence of crowding out of private activity as a result of government borrowing in domestic financial markets through interest rates or quantity rationing. A third and related issue is whether government spending, particularly that on investment, "crowds in" or "crowds out" private capital formation. Fourth, the effects of uncertainty are important in determining the response of private agents to changes in the incentive structure.

Author: Luis Serven
Publisher: World Bank Publications
ISBN:
Category : Investments
Languages : en
Pages : 47

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Author: Shebeshi Ghebre
Publisher:
ISBN:
Category :
Languages : en
Pages : 23

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Author: Robert Ferber
Publisher:
ISBN:
Category : Investments
Languages : en
Pages : 611

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Author: Edmund Valpy Knox Fitzgerald
Publisher:
ISBN:
Category : Externalities (Economics)
Languages : en
Pages : 52

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