Modeling investment behavior in developing countries : an application to Egypt

  title={Modeling investment behavior in developing countries : an application to Egypt},
  author={Nemat Shafik},
The economic literature on investment has been characterized by considerable controversy, even by the standards of economists. A number of different, often overlapping, models of investment determination have been hypothesized and the empirical evidence has done little to clarify which, if any, are accurate representations of the way in which capital formation occurs in the economy. This paper suggests some methodological innovations in modelling aggregate investment behavior. A theoretical… CONTINUE READING

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