Adjustment Costs, Irreversibility and Investment Patterns in African Manufacturing /
This paper examines dynamic patterns of investment in Cameroon, Ghana, Kenya, Zambia and Zimbabwe, assessing the consistency of those patterns with different adjustment cost structures. Using survey data on manufactured firms, we document the importance of zero investment episodes and lumpy investme...
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| 格式: | 杂志 |
| 语言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
1999.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 1999/099 |
| 在线阅读: | Full text available on IMF |