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• W1535867721 abstract "Devaluation affects investment because of its effect on the real supply price of capital goods; the real price of imported inputs, w���������������hich together with capital goods are used to produce output; the real product wage and thereby profitability and investment; real income, which affects the demand for domestically produced goods; and nominal and real interest rates, which in turn affect investment. This paper discusses the channels between devaluation and private investment and sets out the error correction growth-investment model. It also describes the trends in Indonesia's key macroeconomic variables and policy changes that have driven investment behavior. The estimates of the model are presented with a set of simulations that look at the short- versus long-run implications of devaluation on private investment." @default.
• W1535867721 created "2016-06-24" @default.
• W1535867721 creator A5033262417 @default.
• W1535867721 date "1992-01-01" @default.
• W1535867721 modified "2023-09-27" @default.
• W1535867721 title "Does Devaluation Hurt Private Investment? The Indonesian Case" @default.
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• W1535867721 doi "https://doi.org/10.1016/b978-0-444-89395-6.50011-5" @default.
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