Since 2014
Dynamics of Investment and Growth in Developing Countries during the 1980s
Economic Analysis Review
View Archive Info| Field | Value | |
| Title |
Dynamics of Investment and Growth in Developing Countries during the 1980s
Dynamics of Investment and Growth in Developing Countries during the 1980s |
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| Creator |
Soto, Raimundo
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| Subject |
—
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| Description |
Since the outbreak of the debt crisis in 1982 growth and investment in developing countries have been persistently low by historical standards. Most of the adjustment processes undertaken during the 1980s included strong devaluations and fiscal adjusrment relying heavily on lower public investment.The asessment of the consistency of these policies with expected increases in private investment and growth has been based up to now mainly on static crosscountry models that show contradictory results, specially with regard to the role of foreign debt, the real exchange rate, and public investment.This paper discuss why static approaches are inapproonate for an essentialy dynamic problem and proposes the estimation if a VAR-data model which may help clarify the relations between private investment and growth. The simulations of growth and investment responses to changes in the real exchange rate and the level of public investment show that dynamic responses through lagged effects differ substantially from what available static models suggest.
Dynamics of Investment and Growth in Developing Countries during the 1980s |
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| Publisher |
Universidad Alberto Hurtado - Facultad de Economía y Negocios
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| Contributor |
—
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| Date |
2010-03-11
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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| Format |
application/pdf
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| Identifier |
http://www.rae-ear.org/index.php/rae/article/view/246
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| Source |
Revista de Análisis Económico - Economic Analysis Review; Vol 6, No 2 (1991); 141-170
Revista de Análisis Económico – Economic Analysis Review; Vol 6, No 2 (1991); 141-170 0718-8870 0716-5927 |
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| Language |
eng
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| Relation |
http://www.rae-ear.org/index.php/rae/article/view/246/441
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