金融发展与能源项目私人投资承诺的关系

Q4 Economics, Econometrics and Finance

Journal of economic development Pub Date : 2017-09-01 DOI:10.35866/CAUJED.2017.42.3.002

Lika Ba, F. Gasmi, Paul Noumba Um

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引用次数: 3

摘要

本文在1990-2007年56个发展中国家的数据集中调查了该国金融部门的发展水平在多大程度上吸引了私人参与能源项目融资。我们发现，提供适当融资和减少风险工具的金融部门确实有助于改善私人参与。宏观经济发展和稳定以及更大的能源需求也是一个国家吸引私人投资者的重要决定因素。虽然国家风险抑制了投资者参与能源项目的意愿，但更高的利率和汇率风险似乎并没有转移他们的注意力。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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The Relationship between Financial Development and Private Investment Commitments in Energy Projects

This paper investigates the extent to which the level of development of countryi¯s financial sector draws private participation in energy projectsi¯ financing in a 1990-2007 dataset on 56 developing countries. We find that a financial sector that offers proper financing and risk-mitigating instruments indeed contributes to improving private participation. Macroeconomic development and stability and greater energy needs are also found to be significant determinants of a countryi¯s appeal to private investors. While country risk dampens investorsi¯ will to participate in energy projects, higher interest rate and exchange rate risk do not seem to divert them away.

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来源期刊

Journal of economic development Economics, Econometrics and Finance-Economics and Econometrics

CiteScore

0.70

自引率

0.00%

发文量

期刊介绍： The Journal of Economic Development (JED) promotes and encourages research that aim at economic development and growth by publishing papers of great scholarly merit on a wide range of topics and employing a wide range of approaches. JED welcomes both theoretical and empirical papers in the fields of economic development, economic growth, international trade and finance, labor economics, IO, social choice and political economics. JED also invites the economic analysis on the experiences of economic development in various dimensions from all the countries of the globe.