Investment Uncertainty And Irreversibility In Ghana

Author : Ms.Catherine A. Pattillo
Publisher : International Monetary Fund
Page : 37 pages
File Size : 44,7 Mb
Release : 1997-12-01
Category : Business & Economics
ISBN : 9781451858303

Get Book

Investment, Uncertainty, and Irreversibility in Ghana by Ms.Catherine A. Pattillo Pdf

Panel data on Ghanaian manufacturing firms are used to test predictions from models of irreversible investment under uncertainty. Information on the entrepreneur’s subjective probability distribution over future demand for the firm’s products is used to construct the expected variance of demand, which is used as a measure of uncertainty. Empirical results support the prediction that firms wait to invest until the marginal revenue product of capital reaches a firm-specific hurdle level. Moreover, higher uncertainty raises the hurdle level that triggers investment, and uncertainty has a negative effect on investment levels that is greater for firms with more irreversible investment.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 168 pages
File Size : 53,9 Mb
Release : 1998-01-01
Category : Business & Economics
ISBN : 9781451973600

Get Book

IMF Staff papers, Volume 45 No. 3 by International Monetary Fund. Research Dept. Pdf

This paper presents international evidence on the determinants of trade dynamics. It provides some new empirical perspectives on the relationship between international trade and macroeconomic fluctuations in industrial economies. A comprehensive set of stylized facts concerning fluctuations in trade variables and their determinants is presented. A measure of the quantitative importance of international trade for the propagation of domestic business cycles is then constructed, focusing on the role of external trade as a catalyst for cyclical recoveries.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 183 pages
File Size : 48,7 Mb
Release : 2006-12-15
Category : Business & Economics
ISBN : 9781589065819

Get Book

IMF Staff Papers, Volume 53, No. 3 by International Monetary Fund. Research Dept. Pdf

This is the final issue for 2006 (Volume 53), and contains another paper in the occasional Special Data Section that seeks to measure financial development in the Middle East and North Africa by utilizing a new database. The issue also contains a comment from Jacques J. Polak on parity reversion in real exchange rates.

Author : Mr.Ashoka Mody,Mr.Alessandro Rebucci
Publisher : International Monetary Fund
Page : 184 pages
File Size : 49,8 Mb
Release : 2006-04-03
Category : Business & Economics
ISBN : 1589063619

Get Book

IMF-Supported Programs by Mr.Ashoka Mody,Mr.Alessandro Rebucci Pdf

Research work by the IMF’s staff on the effectiveness of the country programs the organization supports, which has long been carried out, has intensified in recent years. IMF analysts have sought to “open up the black box” by more closely examining program design and implementation, as well as how these influence programs’ effectiveness. Their efforts have also focused on identifying the lending, signaling, and monitoring features of the IMF that may affect member countries’ economic performance. This book reports on a large portion of both the new and the continuing research. It concludes that IMF programs work best where domestic politics and institutions permit the timely implementation of the necessary measures and when a country is vulnerable to, but not yet in, a crisis. It points to the need for a wider recognition of the substantial diversity among IMF member countries and for programs to be tailored accordingly while broadly maintaining the IMF’s general principle of uniformity of treatment.

Author : Robert Lensink,Hong Bo,Elmer Sterken
Publisher : Edward Elgar Publishing
Page : 176 pages
File Size : 42,5 Mb
Release : 2001-01-01
Category : Business & Economics
ISBN : 1782541241

Get Book

Investment, Capital Market Imperfections, and Uncertainty by Robert Lensink,Hong Bo,Elmer Sterken Pdf

This book presents an up-to-date overview of the theory as well as the empirics of the relationship between investment, financial imperfections and uncertainty. After reviewing the capital market imperfections literature and the empirical results, the authors discuss both traditional investment models with uncertainty and the more modern option based models. They present an overview of empirical results of the modelling of investment under uncertainty. In these examples the effects of capital market imperfections on investment are carefully considered. The authors conclude that there is overwhelming empirical support for a negative uncertainty-investment relationship. This book should appeal to academics with an interest in investment theory, professionals in the financial sector and students of macroeconomics and finance. "Investment, Capital Market Imperfections, and Uncertainty" assumes only a basic knowledge of mathematics and is easily accessible.

Author : R. J. G. M. Florax,H. L. F. De Groot,Peter Mulder
Publisher : Edward Elgar Publishing
Page : 353 pages
File Size : 44,7 Mb
Release : 2011
Category : Technology & Engineering
ISBN : 9780857930606

Get Book

Improving Energy Efficiency Through Technology by R. J. G. M. Florax,H. L. F. De Groot,Peter Mulder Pdf

'Increasing energy-efficiency is important because it offers the prospect of partly solving our climate change and energy security problems without pain. This book sheds further light on the issue, focusing on energy-extensive economic activities which, by sheer volume, collectively use a substantial amount of energy. That simple fact alone makes this book worthwhile, but there are many other gems.' Richard Tol, the Economic and Social Research Institute (ESRI), Ireland This innovative book explores the adoption of energy-saving technologies and their impact on energy efficiency improvements. It contains a mix of theoretical and empirical contributions, and combines and compares economic and physical indicators to monitor and analyse trends in energy efficiency. The authors pay considerable attention to empirical research on the determinants of energy-saving investment including uncertainty, energy-price volatility and subsidies. They also discuss the role of energy modelling in policy design and the potential effect of energy policies on technology diffusion in energy-extensive sectors. Written from a multi-disciplinary perspective, this book will appeal to academics and graduates in the areas of energy-saving technologies, energy economics and natural resource economics, as well as policy-makers particularly those in energy policy.

Author : Paul Collier,Catherine Pattillo
Publisher : Springer
Page : 391 pages
File Size : 44,5 Mb
Release : 2016-07-27
Category : Business & Economics
ISBN : 9781349150687

Get Book

Investment and Risk in Africa by Paul Collier,Catherine Pattillo Pdf

This book brings together academics in the fields of economics, political science, and law, with business practitioners in the fields of risk assessment and portfolio management. Their contributions are sequenced to tell a story. Africa is perceived as being a highly risky continent. As a result, investment is discouraged. These risks are partly exaggerated. However, to the extent that they reflect genuine problems, they are capable of being mitigated by insurance and reduced by political restraints such as central banks, investment charters, and international agreements.

Author : Mark Jan-Jochem Koetse
Publisher : Rozenberg Publishers
Page : 217 pages
File Size : 44,6 Mb
Release : 2003
Category : Electronic
ISBN : 9789051707298

Get Book

Determinants of inverstment behaviour by Mark Jan-Jochem Koetse Pdf

Author : D. Opoku
Publisher : Springer
Page : 264 pages
File Size : 52,7 Mb
Release : 2010-09-27
Category : Social Science
ISBN : 9780230113107

Get Book

The Politics of Government-Business Relations in Ghana, 1982-2008 by D. Opoku Pdf

Since the early 1980s, the World Bank, backed by aid donor countries, has been involved in a determined effort to stimulate capitalist growth in Africa by prescribing a set of orthodox, neoliberal economic policies. Using Ghana as a case study, this book considers why this is the case.

Author : Compiled by the British Library of Political and Economic Science
Publisher : Psychology Press
Page : 644 pages
File Size : 41,5 Mb
Release : 1999-12-16
Category : Business & Economics
ISBN : 0415221056

Get Book

International Bibliography of Economics 1998 by Compiled by the British Library of Political and Economic Science Pdf

Renowned for its international coverage and rigorous selection procedures, this series provides the most comprehensive and scholarly bibliographic service available in the social sciences. Arranged by topic and indexed by author, subject and place-name, each bibliography lists and annotates the most important works published in its field during the year of 1997, including hard-to-locate journal articles. Each volume also includes a complete list of the periodicals consulted.

Author : Paul Butzen,Catherine Fuss
Publisher : Edward Elgar Publishing
Page : 354 pages
File Size : 42,6 Mb
Release : 2003-01-01
Category : Business & Economics
ISBN : 1781956332

Get Book

Firms' Investment and Finance Decisions by Paul Butzen,Catherine Fuss Pdf

This book provides coherent theoretical and empirical analysis of firms’ investment and financing decisions. It assesses the role of uncertainty, financial imperfections, corporate governance and taxation. Evidence is obtained using several unique and high quality microeconomic data-sets, which explore features seldom addressed.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 180 pages
File Size : 45,7 Mb
Release : 1998-01-01
Category : Business & Economics
ISBN : 9781451972771

Get Book

IMF Staff papers, Volume 45 No. 4 by International Monetary Fund. Research Dept. Pdf

This paper describes the issue of corruption around the world. The paper surveys and discusses issues related to the causes, consequences, and scope of corruption, and possible corrective actions. It emphasizes the costs of corruption in terms of economic growth. It also emphasizes that the fight against corruption may not be cheap and cannot be independent from the reform of the state. If certain reforms are not made, corruption is likely to continue to be a problem regardless of actions directly aimed at curtailing it.

Author : Ruth Vargas Hill
Publisher : Intl Food Policy Res Inst
Page : 40 pages
File Size : 53,8 Mb
Release : 2008
Category : Social Science
ISBN : 8210379456XXX

Get Book

Understanding the Investment and Abandonment Behavior of Poor Households: An Empirical Investigation by Ruth Vargas Hill Pdf

Author : Darko Opoku,Eve Sandberg
Publisher : Springer
Page : 214 pages
File Size : 41,7 Mb
Release : 2017-10-09
Category : Political Science
ISBN : 9783319610009

Get Book

Challenges to African Entrepreneurship in the 21st Century by Darko Opoku,Eve Sandberg Pdf

This volume offers an overview of the critical challenges faced by aspiring African entrepreneurs and their coping strategies to sustain and develop their businesses. Contributors to this volume detail the constraints placed on African entrepreneurs through rich case studies and challenge African leaders and international donors to review their own behaviors if they hope for African entrepreneurs to succeed.

Author : T. Moss
Publisher : Springer
Page : 202 pages
File Size : 40,8 Mb
Release : 2003-02-11
Category : Political Science
ISBN : 9780230554788

Get Book

Adventure Capitalism by T. Moss Pdf

Sub-Saharan Africa, the poorest and least integrated region of the world, now has fifteen stock markets. Adventure Capitalism examines the economic and political forces behind this trend and discusses the potential consequences of financial market integration for developing countries. Using a political economy approach, it finds that financial globalization presents a formidable challenge for African policymakers, but is also an opportunity with a range of benefits.