Explaining ASEAN-3’s Investment Puzzle A Tale of Two Sectors

WP/13/13

Nopic
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... READ MORE...

Publication date: January 2013
ISBN 9781475533736
$18.00

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Publication date: January 2013

English