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...

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Bibliographische Detailangaben
1. Verfasser: Zhou, Yong Sarah
Körperschaft: International Monetary Fund. Asia and Pacific Department
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: [Washington, D.C.] : International Monetary Fund, ©2013.
Schriftenreihe:IMF working paper ; WP/13/13.
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Online-Zugang:Volltext
Zusammenfassung: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.
Beschreibung:Title from PDF title page (IMF Web site, viewed Jan. 23, 2013).
"Asia and Pacific Department."
"January 2013."
Beschreibung:1 online resource (25 pages)
Bibliographie:Includes bibliographical references.
ISBN:9781475534900
1475534906
9781475533736
147553373X
9781475545562
1475545568
ISSN:2227-8885 ;

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