MACROECONOMIC UNCERTAINTY AND PRIVATE INVESTMENT

Authors
AIZENMAN J MARION NP
Citation
J. Aizenman et Np. Marion, MACROECONOMIC UNCERTAINTY AND PRIVATE INVESTMENT, Economics letters, 41(2), 1993, pp. 207-210
Citations number
12
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
41
Issue
2
Year of publication
1993
Pages
207 - 210
Database
ISI
SICI code
0165-1765(1993)41:2<207:MUAPI>2.0.ZU;2-3
Abstract
This paper provides empirical support for a link between macroeconomic uncertainty and private investment in developing countries. Cross-sec tion regressions with constructed measures of uncertainty confirm that for developing countries uncertainty is negatively correlated with pr ivate investment.