The flexible accelerator model of investment: An application to Ugandan tea-processing firms
The study uses the flexible accelerator model to examine determinants of the level and growth of investment in machinery and equipment for a sample of tea-processing firms in Uganda. Using a dynamic panel data model, we find that, in the long run, the level of investment in machinery and equipment i...
| Autores principales: | , , |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
2015
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/68572 |
| _version_ | 1855530519403429888 |
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| author | Twine, Edgar E. Kiiza, B. Bashaasha, B. |
| author_browse | Bashaasha, B. Kiiza, B. Twine, Edgar E. |
| author_facet | Twine, Edgar E. Kiiza, B. Bashaasha, B. |
| author_sort | Twine, Edgar E. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | The study uses the flexible accelerator model to examine determinants of the level and growth of investment in machinery and equipment for a sample of tea-processing firms in Uganda. Using a dynamic panel data model, we find that, in the long run, the level of investment in machinery and equipment is positively influenced by the accelerator, firm-level liquidity, and a favourable investment climate in the country. Depreciation of the exchange rate negatively affects investment. We conclude that firm-level strategies that increase output and profitability, and a favourable investment policy climate, are imperative to the growth of the tea industry. |
| format | Journal Article |
| id | CGSpace68572 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2015 |
| publishDateRange | 2015 |
| publishDateSort | 2015 |
| record_format | dspace |
| spelling | CGSpace685722023-02-15T10:03:28Z The flexible accelerator model of investment: An application to Ugandan tea-processing firms Twine, Edgar E. Kiiza, B. Bashaasha, B. agriculture investment The study uses the flexible accelerator model to examine determinants of the level and growth of investment in machinery and equipment for a sample of tea-processing firms in Uganda. Using a dynamic panel data model, we find that, in the long run, the level of investment in machinery and equipment is positively influenced by the accelerator, firm-level liquidity, and a favourable investment climate in the country. Depreciation of the exchange rate negatively affects investment. We conclude that firm-level strategies that increase output and profitability, and a favourable investment policy climate, are imperative to the growth of the tea industry. 2015-03-15 2015-10-19T11:40:49Z 2015-10-19T11:40:49Z Journal Article https://hdl.handle.net/10568/68572 en Open Access Twine, E.E., Kiiza, B. and Bashaasha, B. 2015. The flexible accelerator model of investment: An application to Ugandan tea-processing firms. African Journal of Agricultural and Resource Economics 10(1):1-15. |
| spellingShingle | agriculture investment Twine, Edgar E. Kiiza, B. Bashaasha, B. The flexible accelerator model of investment: An application to Ugandan tea-processing firms |
| title | The flexible accelerator model of investment: An application to Ugandan tea-processing firms |
| title_full | The flexible accelerator model of investment: An application to Ugandan tea-processing firms |
| title_fullStr | The flexible accelerator model of investment: An application to Ugandan tea-processing firms |
| title_full_unstemmed | The flexible accelerator model of investment: An application to Ugandan tea-processing firms |
| title_short | The flexible accelerator model of investment: An application to Ugandan tea-processing firms |
| title_sort | flexible accelerator model of investment an application to ugandan tea processing firms |
| topic | agriculture investment |
| url | https://hdl.handle.net/10568/68572 |
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