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Investment by Large Firms in Argentina

Investment by Large Firms in Argentina by Alvaro Piris
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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. It 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.
International Monetary Fund; January 2010
33 pages; ISBN 9781452763170
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Title: Investment by Large Firms in Argentina
Author: Alvaro Piris