Local governments are playing an increasingly prominent role in the global investment area by holding large publicly-held pools of assets. The incentives for bureaucrats’ engagement financial and their expertise presumably distinctive from professional investors private markets. Therefore, it’s intriguing to study these government-held funds’ patterns performance. To investigate problems, this ...

this study is intended to investigate the level of public-private cooperation in the process of agricultural development from the view point of potential investors and producers. to achieve this objective we used an adjusted jensen model as a conceptual framework for cooperation. in this process mutual responsibilities is provided to reveal different dimensions of strategic cooperation between ...

Investment in toll road normally involves a portfolio of real options. We model a portfolio of real options with cost contingency and government subsidy at the operation stage. We demonstrate that the investment value is highly sensitive to cost and revenue uncertainties. Our numerical example suggests that the investment value of risky project is higher when net income guarantee is used instea...

China is the most significant transition economy. It is most heavily engaged in international business and investment. China is the largest foreign direct investment (FDI) recipient in the developing countries, accounting for almost half of total FDI inflow in developing countries (World Investment Report, 1999). China is also unique because its transition continues to be planned by the state a...

This paper revisits the macroeconomic effects of government consumption in the neoclassical growth model augmented with idiosyncratic investment (or entrepreneurial) risk. Under complete markets, a permanent increase in government consumption has no long-run effect on the interest rate, the capital-labor ratio, and labor productivity, while it increases work hours due to the familiar negative w...

india is much more integrated with the world economy. both current and capital accounts are complementing to each other. the economic slowdown that appears to have begun in the usa in september, 2008 has some negative impact on indian economy. the most immediate and adverse effect of this global financial crisis on india is an out flow of foreign institutional investment (fii) from the capital ...

The consistency and predictability of regulation is thought to be highly important for costly investment decisions. When the government lacks commitment power to maintain a promised policy, and firms are not perfectly competitive, investment levels are typically lower than when the government can commit. However, flexibility in policymaking is beneficial in that it allows for adjustment when co...