Front Matter Page
Institute for Capacity Development
Contents
I. Introduction
II. A Theoretical Model
III. Data and Descriptive Statistics
IV. Empirical Approach
V. Results
VI. Robustness Checks
VII. Concluding Remarks
References
Figures
1. Corporate Investment and Total Private Investment
2. Histogram of Investment-Capital Ratio
3. Alternative Measures of REER Misalignment, 2013–2016
4. Economic Complexity Index by Region
Tables
1. Sample composition by industry
2. Summary Statistics (71 countries, 1995–2016)
3. The dependent variable is the investment-capital ratio (ICR)
4. Baseline results. The dependent variable is the investment-capital ratio (ICR)
5. Economic complexity. The dependent variable is the investment-capital ratio (ICR)
6. Economic complexity. The dependent variable is the investment-capital ratio (ICR)
Appendix Table
A1. Countries and number of non-financials firms in the sample