Explaining ASEAN-3's investment puzzle: a tale of two sectors
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Bibliographische Detailangaben
1. Verfasser: Zhou, Yong Sarah (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: [Washington, D.C.] International Monetary Fund ©2013
Schriftenreihe:IMF working paper WP/13/13
Schlagworte:
Online-Zugang:Volltext
Beschreibung:Title from PDF title page (IMF Web site, viewed Jan. 23, 2013). - "Asia and Pacific Department.". - "January 2013."
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
Includes bibliographical references
Beschreibung:1 Online-Ressource (25 pages)
ISBN:9781475534900
1475534906
ISSN:2227-8885

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