The Role of Capital and Investment

Robert Castley
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Robert Castley: University of Manchester

Chapter 3 in Korea’s Economic Miracle, 1997, pp 109-145 from Palgrave Macmillan

Abstract: Abstract At the centre of any analysis of an economy is the role of capital and its source. Expanding industries require both fixed capital (buildings and machinery) and variable capital (e.g. goods in the process of being manufactured and trade credit to customers). Such distinctions are important because investment in the former tends to be long-term whereas in the latter it is short-term. Long- and short-term perspectives are important influences on the decision to invest and the amount to be invested.

Keywords: Foreign Direct Investment; Joint Venturis; Foreign Firm; Trade Credit; Foreign Capital (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-25833-8_4

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DOI: 10.1007/978-1-349-25833-8_4

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