| Description |
1 online resource (22 pages) : color charts |
| Series |
IMF working paper ; WP/12/70 |
|
IMF working paper ; WP/12/70.
|
| Contents |
Cover; Contents; I. Introduction; Figures; 1. Investment in India; II. Analysis of Macroeconomic Data; Tables; 1. Impact of Macroeconomic Variables on Corporate Investment; III. Analysis of Firm-Level Micro Panel Data; 2. Estimation of Investment Function; 3. Estimation of Investment Function Using Subsamples; 2. Determinants of Corporate Investment; 3. Business Environment Indices; 4. Variability of Business Environment within India; 4. Regression of Profitability; Box; 1. Studies Utilizing Variability within India; IV. Policy Issues and Conclusions |
|
5. Estimated Aggregate Impact of Reducing Costs of Doing BusinessReferences; Appendices; A. Regression Results Using Alternative Data Set; B. Description of Semi-aggregate Data |
| Summary |
Since the global financial crisis, corporate investment has been weak in India. Sluggish corporate investment would not only moderate growth from the demand side but also constrain growth from the supply side over time. Against this background, this paper analyzes the reasons for the slowdown and discusses how India can boost corporate investment, using both macro and firm-level micro data. Analysis of macro data indicates that macroeconomic factors can largely explain corporate investment but that they do not appear to account fully for recent weak performance, suggesting a key role of the business environment in reviving corporate investment. Analysis of micro panel data suggests that improving the business environment by reducing costs of doing business, improving financial access, and developing infrastructure, could stimulate corporate investment |
| Notes |
At head of title: Asia and Pacific Department |
|
Title from PDF title page (IMF Web site, viewed March 6, 2012) |
|
"March 2012." |
| Bibliography |
Includes bibliographical references (pages 17-18) |
| Subject |
Investments, Foreign -- India
|
|
International business enterprises -- India
|
|
Host countries (Business)
|
|
Economic history
|
|
Host countries (Business)
|
|
International business enterprises
|
|
Investments, Foreign
|
|
India -- Economic conditions.
|
|
India
|
| Form |
Electronic book
|
| Author |
International Monetary Fund. Asia and Pacific Department, issuing body.
|
| ISBN |
146393906X |
|
9781463939069 |
|
1463950268 |
|
9781463950262 |
|
