Explaining Recent Investment Weakness

• Tác giả: Ergys Islamaj
• Ngôn ngữ: eng
• Ký hiệu phân loại: 332.6 Investment
• Thông tin xuất bản: Taylor and Francis, 2019
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 308349
• Chủ đề: 1. DEVELOPING ECONOMIES; 2. EMERGING MARKET ECONOMIES; 3. INVESTMENT CLIMATE; 4. STRUCTURAL REFORM; 5. TERMS OF TRADE

Tóm tắt

This article investigates the drivers of investment growth in emerging market and developing economies with a focus on the most recent slowdown over the 2010-2015 period. Using panel regression techniques, we find that the recent investment slowdown in emerging market and developing economies is associated with a range of obstacles: weak economic activity, negative terms-of-trade shocks, declining foreign direct investment inflows, elevated private debt burdens, and heightened political risk. This stands in contrast with advanced economies, where weak economic activity is the most important factor. We briefly discuss policy implications of our findings.