The Output Decline in Asian Crisis Countries : Investment Aspects

Investment Aspects

The Output Decline in Asian Crisis Countries : Investment Aspects
This paper examines whether capital outflows may have contributed to output declines during the Asian Crisis by reducing the financing available for domestic investment. Panel data regressions suggest a positive, short-term relationship between net capital inflows and investment during the period before 1997 in five Asian countries once real net... READ MORE...

Publication date: February 2002
ISBN 9781451844276
$15.00

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