Commodity prices impact the probability of project completion in Peru – paper
Higher commodity prices help with the completion of investment projects in Peru, a working paper published by the Bank for International Settlements has said.
In their paper, The dynamics of investment projects: evidence from Peru, authors Rocío Gondo and Marco Vega analyse the effect commodity prices have on the timing of investment decisions at the project level in the Latin American nation.
“The empirical framework for the timing of investment is motivated by real option models for projects
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