01803cas a2200253 a 4500 AALejournalIMF015161 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475534221 1018-5941 BD-DhAAL BD-DhAAL Magud, Nicolas. Investment in Emerging Markets We Are Not in Kansas Anymore ... Or Are We? / Nicolas Magud, Sebastian Sosa. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (31 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Sosa, Sebastian. IMF Working Papers; Working Paper ; No. 2015/077 Full text available on IMF http://elibrary.imf.org/view/journals/001/2015/077/001.2015.issue-077-en.xml IMF e-Library