What Determines Private Investment?
Author: Sajawal Khan
Publisher:
Published: 2007
Total Pages: 32
ISBN-13:
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Author: Sajawal Khan
Publisher:
Published: 2007
Total Pages: 32
ISBN-13:
DOWNLOAD EBOOKAuthor: International Monetary Fund
Publisher: International Monetary Fund
Published: 1990-04-01
Total Pages: 30
ISBN-13: 1451977026
DOWNLOAD EBOOKThis 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: Simon Witney
Publisher: Cambridge University Press
Published: 2021-01-07
Total Pages: 241
ISBN-13: 1108627668
DOWNLOAD EBOOKPrivate equity-backed companies are ubiquitous and economically significant. Consequently, the corporate governance of these companies matters to all of us, and – not surprisingly – is coming under increasing scrutiny. Simon Witney, a practicing private equity lawyer, positions private equity portfolio companies within existing academic theory and examines the laws that apply to them in the UK. He analyses the actual governance frameworks that are put in place and identifies problems created by the legal rules – as well as the market's solutions to them. This book not only explains why these governance mechanisms are established, but also what they are expected to achieve. Witney suggests that private equity owners have both the incentives and the capability to focus on responsible investment practices. Good governance, he argues, is a critical success factor for the private equity industry.
Author: Hilary Devine
Publisher: International Monetary Fund
Published: 2021-05-14
Total Pages: 161
ISBN-13: 1513571567
DOWNLOAD EBOOKThe Covid-19 pandemic has aggravated the tension between large development needs in infrastructure and scarce public resources. To alleviate this tension and promote a strong and job-rich recovery from the crisis, Africa needs to mobilize more financing from and to the private sector.
Author: Mohsin S. Khan
Publisher: International Monetary Fund
Published: 1993-06
Total Pages: 42
ISBN-13:
DOWNLOAD EBOOKThis paper examines the extent to which there has been convergence in real per capita incomes across developing countries during the last two decades. In the analysis particular emphasis is placed on the separate roles played by private and public sector investment in determining both the extent and the speed of convergence. The paper also considers the importance of the stock of human capital, trade orientation, and foreign direct investment in the long-run growth process. Empirical tests are carried out for a large sample of 95 developing countries over the period 1970-90. The results provide support for the notion of differential effects of public and private investment on long-term growth, as well as for the convergence hypothesis.
Author: Mr.Abdul Abiad
Publisher: International Monetary Fund
Published: 2015-05-04
Total Pages: 26
ISBN-13: 1484361555
DOWNLOAD EBOOKThis paper provides new evidence of the macroeconomic effects of public investment in advanced economies. Using public investment forecast errors to identify the causal effect of government investment in a sample of 17 OECD economies since 1985 and model simulations, the paper finds that increased public investment raises output, both in the short term and in the long term, crowds in private investment, and reduces unemployment. Several factors shape the macroeconomic effects of public investment. When there is economic slack and monetary accommodation, demand effects are stronger, and the public-debt-to-GDP ratio may actually decline. Public investment is also more effective in boosting output in countries with higher public investment efficiency and when it is financed by issuing debt.
Author: Khwaja Sarmad
Publisher:
Published: 1990
Total Pages: 50
ISBN-13:
DOWNLOAD EBOOKAuthor: Shafik Hebous
Publisher: International Monetary Fund
Published: 2016-03-10
Total Pages: 33
ISBN-13: 1513578723
DOWNLOAD EBOOKWe study the effects of federal purchases on firms’ investment using a novel panel dataset that combines federal procurement contracts in the United States with key financial firm-level information. We find that 1 dollar of federal spending increases firms’ capital investment by 7 to 11 cents. The average effect masks heterogeneity: Effects are stronger for firms that face financing constraints and they are close to 0 for unconstrained firms. In line with the financial accelerator model, our findings indicate that the effect of government purchases works through easing firms’ access to external borrowing. Furthermore, industry-level analysis suggests that that the increase in investment at the firm level translates into an industry-wide effect without crowding-out capital investment of other firms in the same industry.
Author: Mohsin S. Khan
Publisher:
Published: 2006
Total Pages: 36
ISBN-13:
DOWNLOAD EBOOKThis paper examines the extent to which there has been convergence in real per capita incomes across developing countries during the last two decades. In the analysis particular emphasis is placed on the separate roles played by private and public sector investment in determining both the extent and the speed of convergence. The paper also considers the importance of the stock of human capital, trade orientation, and foreign direct investment in the long-run growth process. Empirical tests are carried out for a large sample of 95 developing countries over the period 1970-90. The results provide support for the notion of differential effects of public and private investment on long-term growth, as well as for the convergence hypothesis.
Author: Daniel Hobohm
Publisher: Springer Science & Business Media
Published: 2010-07-03
Total Pages: 211
ISBN-13: 3834987263
DOWNLOAD EBOOKDaniel Hobohm analyses investments by international investors in private equity and venture capital funds over the last two decades. He compares different investor types in their fund preferences, home bias and investor responses to market shocks.