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• W2043216401 abstract "This paper documents the decline in investment rates observed in developing countries after 1982, and explores analytically and empirically the factors contributing to explain it. The paper focuses on the impact of macroeconomic adjustment and reform measures on private investment, particularly in Latin America and East Asia, and underscores the importance of macroeconomic uncertainty, policy credibility, and potential coordination failures in shaping the response of investment to the changes in economic incentives brought about by structural reforms. The analysis concludes with some policy recommendations to improve the design of sustainable, growth-oriented adjustment programs." @default.
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• W2043216401 date "1993-01-01" @default.
• W2043216401 modified "2023-09-30" @default.
• W2043216401 title "Debt crisis, adjustment policies and capital formation in developing countries: Where do we stand?" @default.
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• W2043216401 doi "https://doi.org/10.1016/0305-750x(93)90141-u" @default.
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