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| Registros recuperados: 10 | |
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| Vu Le, Quan; Rishi, Meenakshi. |
| Which types of governance indicators matter the most for private investment? This short paper answers the question by examining the impact of specific governance indicators on private investment in a cross-section of developing economies. Results indicate that an effective government that includes competent and independent civil service and credible governmental policies are positively associated with private investment. Fair and predictable rules of the game that determine the extent to which property rights are protected also facilitate greater private investment. Based on this the paper concludes that since some indicators of governance matter more than others, targeted institutional reform that focuses first on the significant dimensions may be key to... |
| Tipo: Journal Article |
Palavras-chave: Private investment; Governance; Developing economies.; International Development; Public Economics; E02; E22; O16. |
| Ano: 2010 |
URL: http://purl.umn.edu/95914 |
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| Kirchesch, Kai. |
| The link between investment and finance usually enters the empirical literature in the form of financial constraints which are defined as the wedge between the costs of internal and external finance or as the risk of being rationed on the credit market. In this context, the sensitivity of investment with respect to single internal or external finance indicators is assumed to be appropriate to proxy for these constraints. However, enterprises that rely on external funds do not only face this external finance premium and potential borrowing limits, but also the risk of not being able to meet their repayment obligations and thus the risk of bankruptcy. If the risk of bankruptcy enters the profit maximization of the firm, the resulting empirical investment... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Investment; Bankruptcy; Financial Constaints; GMM; Financial Economics; E22; D92; G33; C23. |
| Ano: 2004 |
URL: http://purl.umn.edu/26185 |
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| Romuald, Kinda Somlanare. |
| This paper aims at analysing the effect of democratic institutions on environmental quality (carbon dioxide per capita, sulfure dioxide per capita) and at identifying potential channel transmissions. We use panel data from 1960 to 2008 in 122 developing and developed countries and modern econometric methods. The results are as follows: Firstly, we show that democratic institutions have opposite effects on environment quality: a positive direct effect on environment quality and a negative indirect effect through investments and income inequality. Indeed, democratic institutions attract investments that hurt environment quality. Moreover, as democratic institutions reduce income inequality, they also damage environment. Secondly, we find that the direct... |
| Tipo: Presentation |
Palavras-chave: Democratic institutions; Air pollution; Panel data; Income inequality; Investments; Environmental Economics and Policy; O43; Q53; C23; D31; E22. |
| Ano: 2011 |
URL: http://purl.umn.edu/120396 |
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| Acosta, Pablo; Loza, Andres. |
| This study provides an empirical analysis of the macroeconomic factors that can potentially affect investment decisions in Argentina in a short, medium and long run perspective. Both the theory and the empirical literature are reviewed in order to identify a private investment function for the last three decades (1970-2000). The results suggest that investment decisions seem to be determined, in the short run, by shocks in returns (exchange rate, trade liberalization) and in aggregate demand. Besides, there is evidence of a “crowding-out” effect of public investment. In the long run, the capital accumulation path seems to be closely dependent on both well-developed financial and credit markets and on perspectives of fiscal sustainability. |
| Tipo: Journal Article |
Palavras-chave: Investment; Macroeconomic instability; Crowding-out; Argentina; E22; H54; O16; O23. |
| Ano: 2005 |
URL: http://purl.umn.edu/37161 |
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| Ronchi, Veronica. |
| During the '90s most Latin American countries were submitted to neoliberal structural reform policies. Neoliberal policies imposed market supremacy, reduced the State's role in the economy and deregulated the markets. This paper aims at describing how these policies affected the most important macroeconomic indexes, with special emphasis on Argentina and Mexico, the two countries that suffered most from the economic crises of the '80s and '90s, and where the neoliberal policies were applied with greater orthodoxy. In spite of a slight improvement in some macroeconomic indexes, in Latin America neoliberalism failed to reduce poverty and unemployment, and was unable to guarantee a fair distribution of the wealth and improve welfare. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Latin America; Mexico; Argentina; '90s; Neoliberalism; Political Economy; E21; E22; E24; E26; N16; N26; N36; O16. |
| Ano: 2007 |
URL: http://purl.umn.edu/9335 |
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| Registros recuperados: 10 | |
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