Description |
1 online resource (32 pages) : color illustrations |
Series |
IMF working paper, 2227-8885 ; WP/10/3 |
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IMF working paper ; WP/10/3.
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Contents |
I. Introduction and Overview of Investment Trends; A. Macroeconomic Developments and Aggregate Investment; B. Investment and the Real Exchange Rate; Tables; 1. Exposure to Relative Price Changes by Sector; C. Financial Conditions; II. Investment Behavior at the Firm Level; A. Estimating Investment Equations in the Presence of Financial Constraints; B. Data; C. Empirical strategy; D. Specification Problems and Endogeneity; E. Results; 2. Results from Analytical Equations; F. Dealing with Specification Problems; III. Conclusions; Figures; 1. Relative Prices Before and After the Crisis |
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2. Savings and Investment3. Aggregate Investment: Regional Comparison; 4. Aggregate Returns to Capital and Labor; 5. Investment of Large Firms; Annexes; 1. Data; Annex Table; 1. Descriptive Statistics for Firm-level sample; 2. GMM Estimations; 2. System GMM Estimations; References |
Summary |
Strong growth in investment made a key contribution to the economic recovery in Argentina earlier this decade. The paper uses firm-level data to assess changes in financing constraints and the linkages between real investment at the firm level and macroeconomic developments in the real exchange rate and real interest rates. It concludes that several factors explain the performance of investment, including the real exchange rate, the cost of borrowing as well as an easing of financing constraints |
Notes |
At head of title: WHD |
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"January 2010." |
Bibliography |
Includes bibliographical references (pages 30-32) |
Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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English |
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Print version record |
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digitized 2011 HathiTrust Digital Library committed to preserve pda MiAaHDL |
Subject |
Business enterprises -- Argentina -- Econometric models
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Investments, Argentine -- Econometric models
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Foreign exchange rates -- Argentina -- Econometric models
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Business enterprises -- Econometric models
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Foreign exchange rates -- Econometric models
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Argentina
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Form |
Electronic book
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Author |
International Monetary Fund. Western Hemisphere Department, issuing body.
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ISBN |
1283563045 |
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9781283563048 |
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9781451918526 |
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1451918526 |
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9781451961690 |
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1451961693 |
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1452763178 |
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9781452763170 |
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9786613875495 |
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661387549X |
ISSN |
2227-8885 |
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