EconPapers    
Economics at your fingertips  
 

Short and Long Run Determinants of Private Investment in Argentina

Pablo Acosta () and Andres Loza

Journal of Applied Economics, 2005, vol. 08, issue 2, 18

Abstract: This study provides an empirical analysis of the macroeconomic factors that can potentially affect investment decisions in Argentina in a short, medium and long run perspective. Both the theory and the empirical literature are reviewed in order to identify a private investment function for the last three decades (1970-2000). The results suggest that investment decisions seem to be determined, in the short run, by shocks in returns (exchange rate, trade liberalization) and in aggregate demand. Besides, there is evidence of a “crowding-out” effect of public investment. In the long run, the capital accumulation path seems to be closely dependent on both well-developed financial and credit markets and on perspectives of fiscal sustainability.

Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9) Track citations by RSS feed

Downloads: (external link)
http://ageconsearch.umn.edu/record/37161/files/acosta.pdf (application/pdf)

Related works:
Journal Article: Short and long run determinants of private investment in Argentina (2005) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:jaecon:37161

DOI: 10.22004/ag.econ.37161

Access Statistics for this article

More articles in Journal of Applied Economics from Universidad del CEMA Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().

 
Page updated 2020-02-20
Handle: RePEc:ags:jaecon:37161