Investment in Emerging Markets We Are Not in Kansas Anymore ... Or Are We? /

We document that (i) although private investment growth in emerging markets has decelerated in recent years, it came down from cyclical highs and remains close to pre-crisis trends; and (ii) investment-to-output ratios generally remain close to or above historical averages. We show that investment i...

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书目详细资料
主要作者: Magud, Nicolas
其他作者: Sosa, Sebastian
格式: 杂志
语言:English
出版: Washington, D.C. : International Monetary Fund, 2015.
丛编:IMF Working Papers; Working Paper ; No. 2015/077
在线阅读:Full text available on IMF
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100 1 |a Magud, Nicolas. 
245 1 0 |a Investment in Emerging Markets We Are Not in Kansas Anymore ... Or Are We? /  |c Nicolas Magud, Sebastian Sosa. 
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300 |a 1 online resource (31 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a We document that (i) although private investment growth in emerging markets has decelerated in recent years, it came down from cyclical highs and remains close to pre-crisis trends; and (ii) investment-to-output ratios generally remain close to or above historical averages. We show that investment is positively related to expect future profitability, cash flows and debt flows, and negatively associated with leverage. Critically, it is also positively related to (country-specific) commodity export prices and capital inflows. Lower commodity export prices and expected profitability, a moderation in capital inflows, and increased leverage account for the bulk of the recent investment deceleration. 
538 |a Mode of access: Internet 
700 1 |a Sosa, Sebastian. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2015/077 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2015/077/001.2015.issue-077-en.xml  |z IMF e-Library