PRIVATE INVESTMENT IN DEVELOPING-COUNTRIES - AN EMPIRICAL-ANALYSIS

被引：0
|
作者：
GREENE, J [1 ]
VILLANUEVA, D [1 ]
机构：
[1] INT MONETARY FUND,RES DEPT,DIV DEVELOPING COUNTRY STUDIES,WASHINGTON,DC 20431
来源：
INTERNATIONAL MONETARY FUND STAFF PAPERS | 1991年 / 38卷 / 01期
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D O I：
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中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
The effects of several policy and other macroeconomic variables on the ratio of private investment to gross domestic product in developing countries during 1975-87 is analyzed. Econometric evidence indicates that the rate of private investment is positively related to real GDP growth, level of per capita GDP, and the rate of public sector investment, and negatively related to real interest rates, domestic inflation, the debt-service ratio, and the ratio of debt to GDP. The impact of most variables was greatest before the 1982 debt crisis, but the ratio of debt to GDP has since become more important.
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页码：33 / 58
页数：26
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