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Private investment and macroeconomic adjustment : an overview, Volume 1
Author:Serven, Luis; Solimano, Andres; Date Stored:1989/12/01
Document Date:1989/12/31Document Type:Policy Research Working Paper
SubTopics:Economic Theory & Research; International Terrorism & Counterterrorism; Financial Intermediation; Banks & Banking Reform; Environmental Economics & PoliciesLanguage:English
Major Sector:FinanceReport Number:WPS339
Sub Sectors:Financial Adjustment; Other FinanceCollection Title:Policy, Planning and Research Department working papers ; no. WPS 339
Volume No:1  

Summary: 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.

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