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Policy Uncertainty and Private Investment in Developing Countries

1989 Developing countries
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Release : 1989
Genre : Developing countries
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Book Synopsis Policy Uncertainty and Private Investment in Developing Countries by : Dani Rodrik

Download or read book Policy Uncertainty and Private Investment in Developing Countries written by Dani Rodrik. This book was released on 1989. Available in PDF, EPUB and Kindle. Book excerpt: A resurgence in private investment is a necessary ingredient of a sustainable recovery in heavily-indebted developing countries. Policy reforms in these countries involve a serious dilemma, especially when they include structural and microeconomic features. On the one hand, entrepreneurs, workers, and farmers must respond to the signals generated by the reform for the new policies to be successful. On the other hand, rational behavior by the private sector calls for withholding investment until much of the residual uncertainty regarding the eventual success of the reform is eliminated. This paper shows that even moderate amounts of policy uncertainty can act as a hefty tax on investment, and that otherwise sensible reforms may prove damaging if they induce doubts as to their permanence. A simple model is developed to link policy uncertainty to the private investment response.

Real Exchange Rate Uncertainty and Private Investment in Developing Countries

2002 Capital stock
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Release : 2002
Genre : Capital stock
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Book Synopsis Real Exchange Rate Uncertainty and Private Investment in Developing Countries by : Luis Servén

Download or read book Real Exchange Rate Uncertainty and Private Investment in Developing Countries written by Luis Servén. This book was released on 2002. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Reviving Private Investment in Developing Countries

2013-10-22 Business & Economics
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Release : 2013-10-22
Genre : Business & Economics
Kind : eBook
Book Rating : 340/5 ( reviews)

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Book Synopsis Reviving Private Investment in Developing Countries by : A. Chhibber

Download or read book Reviving Private Investment in Developing Countries written by A. Chhibber. This book was released on 2013-10-22. Available in PDF, EPUB and Kindle. Book excerpt: The aim of the research described in this volume is to examine the behavior of private domestic investment in a sample of seven developing economies: Chile, Colombia, Egypt, Indonesia, Morocco, Turkey, and Zimbabwe. The studies represent a first step toward understanding the investment process in developing countries and the scope for government policy to affect private capital formation. Such issues will become increasingly important in the future as more developing countries try to encourage private investment. Four key issues emerge in the analysis of the determinants of private investment and its role in adjustment programs in developing countries. The first is the impact of changes in the exchange rate; the second major concern is the existence of crowding out of private activity as a result of government borrowing in domestic financial markets through interest rates or quantity rationing. A third and related issue is whether government spending, particularly that on investment, "crowds in" or "crowds out" private capital formation. Fourth, the effects of uncertainty are important in determining the response of private agents to changes in the incentive structure.

Economic Security, Private Investment, and Growth in Developing Countries

1998-01-01 Business & Economics
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Release : 1998-01-01
Genre : Business & Economics
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Book Rating : 015/5 ( reviews)

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

Download or read book Economic Security, Private Investment, and Growth in Developing Countries written by Ms.Helene Poirson Ward. This book was released on 1998-01-01. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Private Enterprise in Developing Countries

2013-10-22 Business & Economics
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Release : 2013-10-22
Genre : Business & Economics
Kind : eBook
Book Rating : 030/5 ( reviews)

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Book Synopsis Private Enterprise in Developing Countries by : W. M. Clarke

Download or read book Private Enterprise in Developing Countries written by W. M. Clarke. This book was released on 2013-10-22. Available in PDF, EPUB and Kindle. Book excerpt: Private Enterprise in Developing Countries is a five-chapter text that describes the contribution of private investment in the less-developed countries. The opening chapter tracks down the flow of help to less development countries and the struggles in encouraging private enterprise to invest in the poorer countries. The next chapter scrutinizes the significant changes in private investments in less-developed countries, followed by a discussion on the distinction between the prime purpose of private enterprise and the result of their activities, focusing on the concept of the so-called development “fall-out . These topics are followed by surveys of the basis of fear of private investors in investing business in underdeveloped countries through examining the experience of Malaysia and the sterling parts of Africa. The final chapter considers some business issues, including the development of a system to safeguard the handling of information for the study of overseas investment climate and the role being played by indigenous development corporations.

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