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Adjustment Costs, Irreversibility and Investment Patterns in African Manufacturing

Adjustment Costs, Irreversibility and Investment Patterns in African Manufacturing »

Source: Adjustment Costs, Irreversibility and Investment Patterns in African Manufacturing

Volume/Issue: 1999/99

Series: IMF Working Papers

Author(s): Arne Bigsten

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1999

ISBN: 9781451852257

Keywords: African manufacturing, adjustment costs, duration dependence, nonparametric methods, unobserved heterogeneity, fixed costs, investment rate, probability, probabilities, survey

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 manufac...

Adjustment Costs, Irreversibility and Investment Patterns in African Manufacturing

Adjustment Costs, Irreversibility and Investment Patterns in African Manufacturing »

Volume/Issue: 1999/99

Series: IMF Working Papers

Author(s): Arne Bigsten

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1999

DOI: http://dx.doi.org/10.5089/9781451852257.001

ISBN: 9781451852257

Keywords: African manufacturing, adjustment costs, duration dependence, nonparametric methods, unobserved heterogeneity, fixed costs, investment rate, probability, probabilities, survey

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 manufac...