The Cost of Volatile Investment in an Emerging Economy

Reinout De Bock

Economics Bulletin, 2011, vol. 31, issue 2, 1696-1705

Abstract: I measure the welfare gains from eliminating fluctuations in investment in an emerging economy such as Argentina. The estimated welfare effects are an order of magnitude higher than those for the US and arise with moderate degrees of diminishing returns to investment.

Keywords: Investment; Welfare costs; Emerging Economy; Growth; Argentina (search for similar items in EconPapers)
JEL-codes: D6 F4 (search for similar items in EconPapers)
Date: 2011-06-11
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