Private investment and macroeconomic adjustment: an overview

Luis Servén and Andres Solimano

No 339, Policy Research Working Paper Series from The World Bank

Abstract: This paper reviews current investment theories, recent models linking macroeconomic policies and private investment, and the effect of uncertainty and credibility on irreversible investment decisions. Empirical studies on the subject are also reviewed, and the general implications of this literature for the design of growth-oriented adjustment programs are discussed.

Keywords: Economic Theory&Research; Environmental Economics&Policies; International Terrorism&Counterterrorism; Financial Intermediation; Banks&Banking Reform (search for similar items in EconPapers)
Date: 1989-12-31
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:339

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