Does Devaluation Hurt Private Investment?: The Indonesian Case
Ajay Chhibber · Nemat Shafik
Jan 1990 · Policy, research, and external affairs working papers Book 418 · World Bank Publications
Ebook
43
Pages
About this ebook
In the short run, devaluation hurts private investment because higher real import costs for capital and intermediate goods limit private sector profitability. In the long run, the recovery in tradable goods sectors increases profitability and private investment recovers. But how long is the long run?
In the short run, devaluation hurts private investment because higher real import costs for capital and intermediate goods limit private sector profitability. In the long run, the recovery in tradable goods sectors increases profitability and private investment recovers. But how long is the long ...
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