Rising Growth, Declining Investment : The Puzzle of The Philippines Breaking The "Low-Capital-Stock" Equilibrium

Rising Growth, Declining Investment : The Puzzle of The Philippines Breaking The "Low-Capital-Stock" Equilibrium / Magnoli Bocchi, Alessandro

The economy of the Philippines is open to trade and capital inflows, and has grown rapidly since 2002. Over the last 10 years, however, domestic investment, while stagnant in real terms, has shrunk as a share of GDP. In an open and growing economy, why the decline? Three reasons explain the puzzle....

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Main Authors:Magnoli Bocchi, Alessandro
Formato: Online-Resource
Idioma:English
Publicado em:Washington, D.C : The World Bank, 2008
Assuntos:
Landwirtschaft
Access to Finance
Agriculture
Barriers To Entry
Debt
Debt Markets
Economic Growth
Economic Theory and Research
Environment
Environmental Economics and Policies
Equilibrium
Exports
Finance and Financial Sector Development
GDP
Macroeconomics and Economic Growth
Marginal Product
Political Economy
Unemployment
Wages
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