Does price uncertainty really reduce private investment? A small model applied to Chile (English)

Understanding how prices and quantities affect investment demand is important in analyzing adjustment policies in many developing countries. Recent literature emphasizes that uncertainty curtails private investment, adding a risk premium - the price of waiting. Several recent empirical studies have confirmed this result. This new development has been used to challenge one of the most popular policy recommendations derived from the traditional literature...

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Author

George, Anita;

Morisset, Jacques;

DEC;
Document Date
1993/03/31
Document Type
Policy Research Working Paper
Report Number
WPS1114
Volume No
1
Total Volume(s)
1
Country
Chile,
Region
Latin America and Caribbean,
Disclosure Date
2010/07/01
Doc Name
Does price uncertainty really reduce private investment? A small model applied to Chile
Keywords
private investment

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Citation

George, Anita; Morisset, Jacques; DEC.

Does price uncertainty really reduce private investment? A small model applied to Chile (English). Policy, Research working papers ; no. WPS 1114. Country operations Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/542921468770388250

Does price uncertainty really reduce private investment? A small model applied to Chile (English)

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