Front Matter Page
Western Hemisphere Department
Contents
I. Introduction
II. Factors Affecting Investment
III. Empirical Analysis
IV. Concluding Remarks
Figures
1. Investment and Growth
2. Investment Climate Indicators
3. Business Confidence Indices
4. Response to Cholesky One S.D. Innovations
Tables
1. Investment Ratio and Growth Convergence to U.S. (1990–2017)
2. Business Confidence Indexes in Central America
3. Augmented Dickey–Fuller Unit Root Test Statistic with Constant & Trend
4. Contributions to Investment Residuals–Baseline
5. Main Test Results
6. Contributions to Investment Residuals–Alternative 1
7. Contributions to Investment Residuals–Alternative 2
Annexes
I. Business Confidence Indices in Costa Rica, Dominican Republic, El Salvador and Guatemala
II. Some Methodological Notes
III. Historical Decomposition of the Investment Residual
References