Working Paper

Investment Dynamics, Unobserved Heterogeneity and Endogenous Investment Switching Regime in Manufacturing

author(s) Mhlanga, S.V.
from UK Foreign, Commonwealth & Development Office (FCDO)
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themes
regions
  • Southern Africa
  • Sub-Saharan Africa
  • Africa
  • World
citation

Mhlanga, S. V. (2018) Investment Dynamics, Unobserved Heterogeneity and Endogenous Investment Switching Regime in Manufacturing

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Abstract

This paper investigates the industrial effects of true state dependence, the sales-to-capital ratio and unobserved heterogeneity on the rate of investment in plant, machinery and equipment in Swaziland. This research was funded under the Private Enterprise Development in Low Income Countries (PEDL) Programme

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