Investment by Large Firms in Argentina
IMF Working Papers, January 1, 2010
Source details
- Canonical URL
- Investment by Large Firms in Argentina
Other formats
Bibliographic details
- Authors: Alvaro Piris Chavarri
- Published: January 1, 2010
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451961690.001
Summary and main findings
- Strong growth in investment made a key contribution to the economic recovery in Argentina earlier this decade.
- The paper uses firm-level data to assess changes in financing constraints and the linkages between real investment at the firm level and macroeconomic developments in the real exchange rate and real interest rates.
- The paper concludes that several factors explain the performance of investment, including the real exchange rate, the cost of borrowing as well as an easing of financing constraints.
Analytical approach and scope
- Data: firm-level data (as stated in the paper).
- Analytical focus: linkages between real investment at the firm level and macroeconomic developments in the real exchange rate and real interest rates; assessment of changes in financing constraints.
Factors identified as explaining investment performance
- Real exchange rate.
- Cost of borrowing (real interest rates).
- Easing of financing constraints at the firm level.
Content in this bundle
- Investment by Large Firms in Argentina; Alvaro Piris; IMF Working Paper 10/3; January 1, 2010