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dc.contributor.authorTwine, Edgar E.
dc.contributor.authorKiiza, Barnabas
dc.contributor.authorBashaasha, Bernard
dc.date.accessioned2022-10-09T17:28:20Z
dc.date.available2022-10-09T17:28:20Z
dc.date.issued2015
dc.identifier.citationTwine, E. E., Kiiza, B., & Bashaasha, B. (2015). The flexible accelerator model of investment: An application to Ugandan tea-processing firms. African journal of agricultural and resource economics, 10(311-2016-5623).en_US
dc.identifier.urihttps://ageconsearch.umn.edu/record/200590/
dc.identifier.urihttps://nru.uncst.go.ug/handle/123456789/4896
dc.description.abstractThe 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.en_US
dc.language.isoenen_US
dc.publisherAfrican journal of agricultural and resource economicsen_US
dc.subjectAccelerator modelen_US
dc.subjectFixed asset investmentsen_US
dc.subjectUgandan tea-processing firmsen_US
dc.titleThe flexible accelerator model of investment: An application to Ugandan tea-processing firmsen_US
dc.typeArticleen_US


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