Title:
AGGREGATE PRIVATE FIXED INVESTMENT AND UNCERTAINTY IN THAILAND

Authors:
Tho Dinh NGUYEN, Ph.D.

Volume - 2 Issue - 9, Pages - 4467-4477

Abstract:
This paper estimates the relationship between aggregate private fixed investment and uncertainty using the Partial Adjustment Model (PAM). Our findings consistently suggest a negative relationship between aggregate private fixed investment and uncertainty of exchange rates. The average long-term government bond rate is also found to be a significant factor that determines private investment. Higher government bond rates raise the cost of financing of all risk class investments, hence reduce investment.

Cite this Article:

[NGUYEN, Tho Dinh. "AGGREGATE PRIVATE FIXED INVESTMENT AND UNCERTAINTY IN THAILAND." International Journal of Social Science and Economic Research, vol. 2, no. 9, 2017, pp. 4467-4477. September.]