Private Investment And Economic Growth In Developing Countries

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 20 pages
File Size : 54,8 Mb
Release : 1989-07-26
Category : Business & Economics
ISBN : 9781451965247

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Private Investment and Economic Growth in Developing Countries by International Monetary Fund Pdf

Despite the growing support for market-oriented strategies, and for a greater role of private investment, empirical growth models for developing countries typically make no distinction between the private and public components of investment. This paper sheds some light on this important issue by formulating a simple growth model that separates the effects of public sector and private sector investment. This model is estimated for a cross - section sample of 24 developing countries, and the results support the notion that private investment has a larger direct effect on growth than does public investment.

Author : Ms.Helene Poirson Ward
Publisher : International Monetary Fund
Page : 32 pages
File Size : 42,6 Mb
Release : 1998-01-01
Category : Business & Economics
ISBN : 9781451842012

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Economic Security, Private Investment, and Growth in Developing Countries by Ms.Helene Poirson Ward Pdf

This paper provides empirical support for the view that enhanced economic security fosters private investment and growth in developing countries. An analysis for 53 developing countries suggests that most aspects of economic security have improved since the mid-1980s; that private investment is mostly influenced by the risk of expropriation, the degree of civil liberty, and the degree of independence of the bureaucracy; and that economic growth is affected by the risk of expropriation and political terrorism in the short run, and by corruption and contract repudiation in the long run.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 30 pages
File Size : 48,8 Mb
Release : 1990-04-01
Category : Business & Economics
ISBN : 9781451977028

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Private Investment in Developing Countries by International Monetary Fund Pdf

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 : Lawrence Bouton,Mariusz A. Sumlinski
Publisher : World Bank Publications
Page : 64 pages
File Size : 47,5 Mb
Release : 2000-01-01
Category : Business & Economics
ISBN : 0821347853

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Trends in Private Investment in Developing Countries by Lawrence Bouton,Mariusz A. Sumlinski Pdf

This discussion paper examines in its first part, the role of private investment in economic growth. While theoretical growth models developed in the economics literature, make no distinction between private, and public components of investment, there is an emerging appreciation that private investment is more efficient, and productive tan public investment. Results from the recent empirical literature, updated here with the recent data on private investment, suggest that private investment has a stronger association with long run economic growth than public investment. The second part shows trends in private, and public fixed investment in fifty developing countries. On average, the ratio of private investment to GDP continued its upward trend, reaching record levels in 1998, the most recent year for which comparable data exist. That year, average private investment reached 14.3 percent of GDP, but public investment, fell to only 7.0 percent of GDP, its lowest level since 1974.

Author : Mohsin S. Khan,Manmohan S. Kumar
Publisher : International Monetary Fund
Page : 42 pages
File Size : 52,6 Mb
Release : 1993-06
Category : Business & Economics
ISBN : UCSD:31822015235583

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Public and Private Investment and the Convergence of Per Capita Incomes in Developing Countries by Mohsin S. Khan,Manmohan S. Kumar Pdf

This 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 : Klaus Schmidt-Hebbel,Luis Serven,Andrés Solimano
Publisher : World Bank Publications
Page : 54 pages
File Size : 52,5 Mb
Release : 1994
Category : Ahorro
ISBN : 8210379456XXX

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Saving, Investment, and Growth in Developing Countries by Klaus Schmidt-Hebbel,Luis Serven,Andrés Solimano Pdf

Author : Hélène Poirson
Publisher : Unknown
Page : 31 pages
File Size : 49,6 Mb
Release : 2006
Category : Electronic
ISBN : OCLC:1291216057

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Economic Security, Private Investment, and Growth in Developing Countries by Hélène Poirson Pdf

This paper provides empirical support for the view that enhanced economic security fosters private investment and growth in developing countries. An analysis for 53 developing countries suggests that most aspects of economic security have improved since the mid-1980s; that private investment is mostly influenced by the risk of expropriation, the degree of civil liberty, and the degree of independence of the bureaucracy; and that economic growth is affected by the risk of expropriation and political terrorism in the short run, and by corruption and contract repudiation in the long run.

Author : Niels Hermes,Robert Lensink
Publisher : Unknown
Page : 40 pages
File Size : 48,9 Mb
Release : 2001
Category : Fiscal policy
ISBN : IND:30000129849794

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Fiscal Policy and Private Investment in Less Developed Countries by Niels Hermes,Robert Lensink Pdf

Author : Stephen S. Everhart,Mariusz A. Sumlinski
Publisher : World Bank Publications
Page : 76 pages
File Size : 53,6 Mb
Release : 2001-01-01
Category : Business & Economics
ISBN : 0821350102

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Trends in Private Investment in Developing Countries by Stephen S. Everhart,Mariusz A. Sumlinski Pdf

La edicion de 2001 se centra en la relacion entre inversion publica e inversion privada. El foco de este a?o esta en la calidad de la inversion publica, de su interaccion con la corrupcion, y del impacto que resulta en la inversion privada.

Author : Tibebu Aragie
Publisher : GRIN Verlag
Page : 38 pages
File Size : 55,5 Mb
Release : 2015-01-19
Category : Political Science
ISBN : 9783656879183

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Impact Foreign Direct Investment on Domestic Private Investment in Ethiopia by Tibebu Aragie Pdf

Master's Thesis from the year 2014 in the subject Business economics - Economic Policy, grade: very good, , course: Msc in Economic Policy Analysis, language: English, abstract: The study was conducted to know the interrelationship between foreign direct investment and domestic private investment. The researcher employs a vector auto-regressive model with appropriate investigation of impulse response and variance decomposition. In addition, the researcher computes descriptive analysis. The study used time series data ranging from, 1970-2012 for econometric analysis and 1992-2012 for descriptive analysis. The result shows that foreign direct investment crowds-out domestic private investment. In addition, foreign direct investment does not have significant effect on economic growth. Secondly, Domestic private investment complements growth trajectory. However, expansion of domestic private investment does not welcome foreign direct investment.

Author : Luis Servén
Publisher : World Bank Publications
Page : 24 pages
File Size : 55,5 Mb
Release : 2002
Category : Capital stock
ISBN : 8210379456XXX

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Real Exchange Rate Uncertainty and Private Investment in Developing Countries by Luis Servén Pdf

Serven examines empirically the link between real exchange rate uncertainty and private investment in developing countries using a large cross country-time series data set. He builds a GARCH-based measure of real exchange rate volatility and finds that it has a strong negative impact on investment, after controlling for other standard investment determinants and taking into account their potential endogeneity. The impact of uncertainty is not uniform, however. There is some evidence of threshold effects, so that uncertainty only matters when it exceeds some critical level. In addition, the negative impact of real exchange rate uncertainty on investment is significantly larger in economies that are highly open and in those with less developed financial systems.

Author : Bailliu, Jeannine N,Bank of Canada
Publisher : Unknown
Page : 22 pages
File Size : 41,9 Mb
Release : 2000
Category : Capital movements Developing countries 1971-
ISBN : OCLC:641542179

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Private Capital Flows, Financial Development, and Economic Growth in Developing Countries [electronic Resource] by Bailliu, Jeannine N,Bank of Canada Pdf

Author : Lawrence Bouton,Mariusz A. Sumlinski
Publisher : World Bank Publications
Page : 126 pages
File Size : 43,7 Mb
Release : 1996
Category : Business & Economics
ISBN : 0821338749

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Trends in Private Investment in Developing Countries by Lawrence Bouton,Mariusz A. Sumlinski Pdf

This short paper, in its eighth edition, provides private and public investment data through 1995. Although the growing empirical literature on privatization has almost invariably found that the transfer of assets from public to private hands yields both efficiency and welfare gains, there has been a surprising lack of research on the macroeconomic consequences of privatization. This report addresses that issue briefly, exploring the impact of privatization on private fixed investment. As a starting point, the dimensions of the privatization revolution are summarized with special emphasis on the contribution made by foreign investors. Data on investment commitments stemming from privatization are also presented. The final section offers some econometric insights into the importance of privatization as a determinant of private investment in developing countries. The report concludes that privatization of state-owned enterprises is likely to have a multiplier effect on private investment and is, therefore, an important ingredient of governments' efforts to improve the business climate and to step up the pace of economic development. Appendix 1 discusses the methods and sources used; Appendix 2 presents tables with investment figures in terms of five ratios; Appendix 3 graphs the data by region; and Appendix 4 discusses the econometric results.

Author : Stephen S. Everhart,Mariusz A. Sumlinski
Publisher : World Bank Publications
Page : 76 pages
File Size : 46,7 Mb
Release : 2001
Category : Business & Economics
ISBN : 0821350102

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Trends in Private Investment in Developing Countries by Stephen S. Everhart,Mariusz A. Sumlinski Pdf

Covers trends in 63 developing countries.

Author : Luis Serven,Andrés Solimano
Publisher : World Bank Publications
Page : 304 pages
File Size : 52,5 Mb
Release : 1993
Category : Business & Economics
ISBN : 0821324845

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Striving for Growth After Adjustment by Luis Serven,Andrés Solimano Pdf

This book presents the results of about three years of work finished in early 1992 in the area of private investment and macroeconomic adjustment. Its purpose is to explore the macroeconomic determinants of investment and the causes and cures for the gap between maroeconomic adjustment and stabilization and the resumption of economic growth in developing countries, a gap that even today - 10 years after the debt crisis and the subsequent adjustment of the eighties - remains wide. This volume highlights the central role of capital formation (public and private) in the restoration of sustainable growth.