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Private investment and macroeconomic adjustment : an overview

Author

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  • Serven, Luis
  • Solimano, Andres

Abstract

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.

Suggested Citation

  • Serven, Luis & Solimano, Andres, 1989. "Private investment and macroeconomic adjustment : an overview," Policy Research Working Paper Series 339, The World Bank.
    • Handle: RePEc:wbk:wbrwps:339
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    References listed on IDEAS

    as
    1. Pindyck, Robert S, 1988. "Irreversible Investment, Capacity Choice, and the Value of the Firm," American Economic Review, American Economic Association, vol. 78(5), pages 969-985, December.
    2. van Wijnbergen, Sweder, 1983. "Credit policy, inflation and growth in a financially repressed economy," Journal of Development Economics, Elsevier, vol. 13(1-2), pages 45-65.
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    Cited by:

    1. Yelena, Kalyuzhnova, 2011. "The National Fund of the Republic of Kazakhstan (NFRK): From accumulation to stress-test to global future," Energy Policy, Elsevier, vol. 39(10), pages 6650-6657, October.
    2. Mr. Ghiath Shabsigh & Mr. Nadeem Ilahi, 2007. "Looking Beyond the Fiscal: Do Oil Funds Bring Macroeconomic Stability?," IMF Working Papers 2007/096, International Monetary Fund.
    3. repec:dau:papers:123456789/5148 is not listed on IDEAS
    4. Chhibber, Ajay & Shafik, Nemat, 1990. "Does devaluation hurt private investment? The Indonesian case," Policy Research Working Paper Series 418, The World Bank.
    5. Shafik, Nemat, 1990. "Modeling investment behavior in developing countries : an application to Egypt," Policy Research Working Paper Series 452, The World Bank.

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