Analyzing the constraints to private investment in manufacturing industry
Journal Title: Scientific Journal of Pure and Applied Sciences - Year 2014, Vol 3, Issue 10
Abstract
This paper identifiesthe main impediments to investment and industrial productivity, which have ledto a decline in growth. This is done by analyzing the impediments andconstraints to productivity and investment using the World Bank’s 2007Investment Climate Assessment (ICA) data at the seven of level main industrialzones. An inadequate workforce, access to raw materials, and corruption wereranked third, fourth, and fifth, respectively. Will a market economy alwayssupply funds for profitable investment projects?The answer to this question isimportant for policy makers seeking economic efficiency at the micro level, andfor our understanding of the business cycle at the macro level. The purpose ofthis paper is to investigate the presence and the economic importance of creditmarket imperfections within a structural model of firm investment.
Authors and Affiliations
H. Ranjbar| Department of Business Management , Science and Research Branch, Islamic Azad University, kermanshah, IRAN., E. Abbasi*| Department of Business Management, Alzahra University, Tehran, IRAN.
Keywords
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- EP ID EP413
- DOI 10.14196/sjpas.v3i10.1693
- Views 442
- Downloads 18
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