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035   $a(SSID)ssj0000940136
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035   $a(PQKBTitleCode)TC0000940136
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035   $a(OCoLC)694141218
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035   $a(IMF)WPIEE2006152
035   $a(EXLCZ)993360000000443234
100   $a20020129d2006      uf             0
101 0 $aeng
135   $aurcn|||||||||
181   $ctxt
182   $cc
183   $acr
200 10$aDomestic Investment and the Cost of Capital in the Caribbean /$fShaun Roache
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (46 p.)
225 1 $aIMF Working Papers
300   $a"June 2006."
311   $a1-4518-6412-4 
320   $aIncludes bibliographical references.
327   $a""Contents""; ""I. INTRODUCTION""; ""II. TRENDS IN REGIONAL INVESTMENT 6""; ""III. LITERATURE REVIEW""; ""IV. A BASIC INVESTMENT MODEL""; ""V. DATA""; ""VI. ESTIMATION ISSUES""; ""VII. ESTIMATION RESULTS""; ""VIII. CONCLUSIONS""; ""References""; ""Data Sources and Estimates ""
330 3 $aInvestment-to-GDP ratios across the Caribbean tend to be relatively high. In many countries, these ratios have been trending higher since the mid-1990s, largely reflecting public investment and foreign direct investment. Private domestic investors have been less prominent. This may be one reason why such high investment has delivered Caribbean growth rates below the middle-income average. This paper seeks to understand how higher private investment may be encouraged. Using new data, it concludes that: the multiplier effects of public investment and FDI on private domestic investment are weak; and private domestic investment (PDI) is sensitive to the cost of capital. Public policy designed to raise PDI should focus on creating conditions for a lower cost of capital. The focus should be on removing barriers to lower real interest rates, rather than the further extension of costly tax concessions.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/152
606   $aInvestments$zCaribbean Area
606   $aCapital costs$zCaribbean Area
606   $aBanks and Banking$2imf
606   $aInvestments: General$2imf
606   $aInvestments: Stocks$2imf
606   $aPublic Finance$2imf
606   $aNational Government Expenditures and Related Policies: Infrastructures$2imf
606   $aOther Public Investment and Capital Stock$2imf
606   $aPension Funds$2imf
606   $aNon-bank Financial Institutions$2imf
606   $aFinancial Instruments$2imf
606   $aInstitutional Investors$2imf
606   $aInterest Rates: Determination, Term Structure, and Effects$2imf
606   $aInvestment$2imf
606   $aCapital$2imf
606   $aIntangible Capital$2imf
606   $aCapacity$2imf
606   $aPublic finance & taxation$2imf
606   $aInvestment & securities$2imf
606   $aFinance$2imf
606   $aMacroeconomics$2imf
606   $aStocks$2imf
606   $aPublic investment and public-private partnerships (PPP)$2imf
606   $aReal interest rates$2imf
606   $aPublic investment spending$2imf
606   $aPrivate investment$2imf
606   $aPublic-private sector cooperation$2imf
606   $aInterest rates$2imf
606   $aPublic investments$2imf
606   $aSaving and investment$2imf
607   $aTrinidad and Tobago$2imf
615  0$aInvestments
615  0$aCapital costs
615  7$aBanks and Banking
615  7$aInvestments: General
615  7$aInvestments: Stocks
615  7$aPublic Finance
615  7$aNational Government Expenditures and Related Policies: Infrastructures
615  7$aOther Public Investment and Capital Stock
615  7$aPension Funds
615  7$aNon-bank Financial Institutions
615  7$aFinancial Instruments
615  7$aInstitutional Investors
615  7$aInterest Rates: Determination, Term Structure, and Effects
615  7$aInvestment
615  7$aCapital
615  7$aIntangible Capital
615  7$aCapacity
615  7$aPublic finance & taxation
615  7$aInvestment & securities
615  7$aFinance
615  7$aMacroeconomics
615  7$aStocks
615  7$aPublic investment and public-private partnerships (PPP)
615  7$aReal interest rates
615  7$aPublic investment spending
615  7$aPrivate investment
615  7$aPublic-private sector cooperation
615  7$aInterest rates
615  7$aPublic investments
615  7$aSaving and investment
700   $aRoache$b Shaun$01462118
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788526703321
996   $aDomestic Investment and the Cost of Capital in the Caribbean$93670986
997   $aUNINA