Series: IMF Working Papers
Author(s): Arne Bigsten
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 1999
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...