Explaining ASEAN-3's investment puzzle a tale of two sectors /
The prolonged investment decline in post-Asian crisis emerging Asia, in contrast to the swift recovery of economic growth, has remained a puzzle. This paper shows that the post-crisis investment recession has been mainly concentrated in the nontradable sector, and hypothesizes that the slowdown is b...
| Основен автор: | Zhou, Yong Sarah. |
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| Автор-организации: | International Monetary Fund. Asia and Pacific Department. |
| Формат: | Електронен |
| Език: | English |
| Публикувано: |
[Washington, D.C.] :
International Monetary Fund,
℗♭2013.
|
| Серия: |
IMF working paper ;
WP/13/13. |
| Предмети: | |
| Онлайн достъп: |
http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=548024 |
| Резюме: |
The prolonged investment decline in post-Asian crisis emerging Asia, in contrast to the swift recovery of economic growth, has remained a puzzle. This paper shows that the post-crisis investment recession has been mainly concentrated in the nontradable sector, and hypothesizes that the slowdown is because firms operating in that sector are financially constrained. Empirical results based on macro and firm-level data from Indonesia, Malaysia, and Thailand (ASEAN-3) support this hypothesis. |
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| Описание на библ. документ: |
Title from PDF title page (IMF Web site, viewed Jan. 23, 2013). "Asia and Pacific Department." "January 2013." |
| Физически характеристики: |
1 online resource (25 pages). |
| Библиография: |
Includes bibliographical references. |
| ISBN: |
9781475534900 1475534906 |
| ISSN: |
2227-8885 ; |