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Book Cover
Author Nabar, Malhar, author

Title The great rebalancing act : can investment be a lever in Asia? / prepared by Malhar Nabar and Murtaza Syed
Published [Washington, D.C.] : International Monetary Fund, [2011]
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Description 1 online resource (29 pages) : color illustrations
Series IMF working paper ; WP/11/35
IMF working paper ; WP/11/35
Contents Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Investment Trends in Asia; A. Recent Developments; 1. Selected Asia: Gross Fixed Capital Formation (GFCF) and Gross Saving, 1993-2009; 2. Export-Oriented Asia: Contribution to Change in Average Share of GFCF in GDP; 3. Selected Asia: Change in Investment by Type; 4. Phone Connections, 1995, 2005, Latest; 5. Electricity Generation, 1995, 2005, Latest; B. Investment Levels and Composition in Asia; 6. Firm-Level Investment Rate, 2000-07; 1. Selected Financial Indicators for Firms, 1990-97 and 2000-07
5. Asia: Investment Equations12. NIEs, Japan: Relative Change in Fundamentals; 6. NIEs and Japan: Changes in Fundamentals, 1990-97 versus 2000-07 by Firm and Type; 7. International Comparators: Investment Equations.; IV. Policy Implications: How Can Asia Facilitate Rebalancing Through Investment?; A. Policies Suggested by Empirical Results; 8. How Would an Improvement in Fundamentals Affect Investment in Asia?; 13. Effective Corporate Tax Rates in OECD; 14. Size of the Corporate Bond Market, Selected Asian Economies, 2009.; 15. Venture Capital Investment: Selected Advanced Economies, 2006
7. Composition of Investment by Sector, 1990, 2000, and 20078. NIEs: Firm-Level Investment Rate, by Size and by Sector, 2000 and 2008; III. What Drives Investment in Asia?; A. Explaining the Fall in Aggregate Investment; 9. Export-Oriented Asia: GFCF -- Change in Share versus Change in Relative Price; 2. Determinants of Private Investment Spending; 3. Exchange Rate Effects; 4. Effect of Infrastructure on Private Investment Spending; B. Why Has the Composition of Investment Changed?; 10. Corporate Sector Leverage: 2000-08; 11. Uncertainty: Stock Price Deviation, 2000-08
B. Meeting Infrastructure NeedsV. Summary; References; Footnotes
Summary Ensuring stable growth in the postcrisis world economy will require a rebalancing of economic activity in several countries. In Asia's export-dependent economies, this entails relying more on private domestic demand as a driver of growth. While some countries need to raise consumption, several need to raise investment or reorient it from tradable to nontradable sectors. These changes in investment could be facilitated by financial reforms that enhance domestically oriented firms' access to credit, stronger incentives for corporate restructuring, policies to bolster the business climate and reduce uncertainty, and by improvements in infrastructure that raise the returns to private investment
Bibliography Includes bibliographical references
Subject Economic development -- Asia.
Investments -- Asia.
Form Electronic book
Author Syed, Murtaza, 1975- author
International Monetary Fund. Asia and Pacific Department, issuing body
ISBN 1283566885