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Inflation and Indivisible Investment in Developing Economies

In countries with limited access to finance, firms accumulate retained earnings to finance indivisible investment projects. McKinnon (1973) illustrates that when cash is used as a primary store of value, inflation may discourage investment as it in...

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Bibliographic Details
Main Authors: Eden, Maya, Nguyen, Ha
Language:English
en_US
Published: World Bank Group, Washington, DC 2014
Subjects:
ACCESS TO CREDIT
ACCESS TO SAVING
AFFILIATED ORGANIZATIONS
ANNUAL SALES
CAPITAL INVESTMENT
CAPITAL STOCK
CAPITAL STOCKS
CASH FLOW
CASH RESERVES
CASH SURPLUS
CENTRAL BANK
COST OF CAPITAL
CREDIT LINE
CREDIT MARKET
DECISION MAKING
DECLINE IN INVESTMENT
DEVELOPING COUNTRIES
DEVELOPMENT POLICY
DISCOUNT RATE
DIVIDENDS
DUMMY VARIABLE
DUMMY VARIABLES
ECONOMIC ACTIVITIES
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC PERFORMANCE
EQUIPMENT
EXTERNAL FINANCE
FINANCIAL INSTITUTION
FORMAL ANALYSIS
FUTURE CASH FLOWS
GDP
GDP DEFLATOR
HOLDING
HOUSEHOLDS
HUMAN CAPITAL
ID
INEQUALITY
INFLATION
INFLATION RATE
INFLATION RATES
INTEREST RATE
INTERNAL FINANCING
INTERNATIONAL BANK
INVESTING
INVESTMENT ACTIVITIES
INVESTMENT CHOICE
INVESTMENT DECISION
INVESTMENT DECISIONS
INVESTMENT OPPORTUNITIES
INVESTMENT PROJECTS
INVESTMENT RATES
LACK OF ACCESS
LEVEL OF INFLATION
LIMITED ACCESS
LIMITED ACCESS TO FINANCE
LOCAL CURRENCY
MACROECONOMIC CONDITION
MACROECONOMIC CONDITIONS
MACROECONOMICS
MARGINAL PRODUCT
MICRO DATA
NOMINAL VALUE
POLITICAL ECONOMY
PRODUCTION FUNCTION
RATE OF RETURN
RATES OF INFLATION
RATES OF RETURN
REAL INTEREST
REAL INTEREST RATE
RETAINED EARNINGS
RETURN ON INVESTMENT
RETURNS
SAVINGS
SAVINGS ACCOUNTS
SELF-FINANCING
TAX
TOTAL OUTPUT
WEALTH
Online Access:http://documents.worldbank.org/curated/en/2014/07/19877601/inflation-indivisible-investment-developing-economies
http://hdl.handle.net/10986/19353

Internet

http://documents.worldbank.org/curated/en/2014/07/19877601/inflation-indivisible-investment-developing-economies
http://hdl.handle.net/10986/19353

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