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Reinout De Bock
''The Cost of Volatile Investment in an Emerging Economy''
( 2011, Vol. 31 No.2 )
I measure the welfare gains from eliminating fluctuations in investment in an emerging economy such as Argentina. The estimated welfare effects are an order of magnitude higher than those for the US and arise with moderate degrees of diminishing returns to investment.
Keywords: Investment; Welfare costs; Emerging Economy; Growth; Argentina
JEL: F4 - Macroeconomic Aspects of International Trade and Finance: General
D6 - Welfare Economics: General
Manuscript Received : May 09 2011 Manuscript Accepted : Jun 11 2011

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