The flexible accelerator model of investment: An application to Ugandan tea-processing firms

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dc.creatorTwine, Edgar E.
dc.creatorKiiza, B.
dc.creatorBashaasha, B.
dc.date2015-03-15
dc.date2015-10-19T11:40:49Z
dc.date2015-10-19T11:40:49Z
dc.date.accessioned2026-06-27T16:58:43Z
dc.descriptionThe 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.
dc.identifierhttps://hdl.handle.net/10568/68572
dc.identifier.urihttp://hdl.handle.net/123456789/138629
dc.languageen
dc.rightsOpen Access
dc.sourceTwine, 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.
dc.subjectagriculture
dc.subjectinvestment
dc.titleThe flexible accelerator model of investment: An application to Ugandan tea-processing firms
dc.typeJournal Article

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