The paper undertakes an empirical investigation of key macroeconomic factors affecting private investment in the South Pacific developing member countries. The study finds that instability in the real exchange rate had a sizeable adverse effect on private investment.
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Paper provided by Asian Development Bank in its series Papers with number
14.
Length: 31 pages Date of creation: 1996 Date of revision: Handle: RePEc:fth:asdbed:14
Contact details of provider: Postal: Asian Development Bank, Economics and Development Resource Center. P.O. Box 789 Manila Philippines. Fax: (63-2) 636-2648 Email: Web page: http://www.adb.org/ More information through EDIRC
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Find related papers by JEL classification: F31 - International Economics - - International Finance - - - Foreign Exchange O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
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