Explaining ASEAN-3's investment puzzle : a tale of two sectors /

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Bibliographic Details
Author / Creator:	Zhou, Yong Sarah.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2013.
Description:	1 online resource (25 pages)
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/13/13 IMF working paper ; WP/13/13.
Subject:	Investments -- Southeast Asia. Investments -- Southeast Asia -- Econometric models. Investments. Investments -- Econometric models. Southeast Asia.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/13357127

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. Asia and Pacific Department.
ISBN:	9781475534900 1475534906 9781475533736 147553373X 9781475545562 1475545568
Notes:	Title from PDF title page (IMF Web site, viewed Jan. 23, 2013). "Asia and Pacific Department." "January 2013." Includes bibliographical references.
Summary:	The prolonged investment decline in post-Asian crisis emerging Asia, in contrast to the swift recovery of economic growth, has remained a puzzle. This paper shows that the post-crisis investment recession has been mainly concentrated in the nontradable sector, and hypothesizes that the slowdown is because firms operating in that sector are financially constrained. Empirical results based on macro and firm-level data from Indonesia, Malaysia, and Thailand (ASEAN-3) support this hypothesis.
Standard no.:	10.5089/9781475534900.001

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