Hidden Bibliographic Details
| Other authors / contributors: | Sosa, Sebastian, author.
International Monetary Fund. Western Hemisphere Department.
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| ISBN: | 9781475534245
1475534248
9781484320655
1484320654
1475534221
9781475534221
1484320549
9781484320549
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| Notes: | "April 2015."
"Western Hemisphere Department."
Includes bibliographical references (pages 29-31).
English.
Online resource; title from pdf title page (IMF.org Web site, viewed April 13, 2015).
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| Summary: | 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.
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| Other form: | Print version: Magud, Nicolas E. Investment in Emerging Markets We Are Not in Kansas Anymore ... Or Are We? Washington : International Monetary Fund, ©2015 9781475534221
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| Standard no.: | 10.5089/9781475534221.001
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