Private Investment In The Presence Of Political Instability PDF Download
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Author | : Ceyla Pazarbaşioğlu |
Publisher | : |
Total Pages | : 232 |
Release | : 1992 |
Genre | : Investments |
ISBN | : |
Download Private Investment in the Presence of Political Instability Book in PDF, ePub and Kindle
Author | : Monica Escaleras |
Publisher | : |
Total Pages | : 148 |
Release | : 2003 |
Genre | : Individual investors |
ISBN | : |
Download Essays on the Determinants of Private Investment Book in PDF, ePub and Kindle
Author | : Mr.Ari Aisen |
Publisher | : International Monetary Fund |
Total Pages | : 30 |
Release | : 2011-01-01 |
Genre | : Business & Economics |
ISBN | : 1455211907 |
Download How Does Political Instability Affect Economic Growth? Book in PDF, ePub and Kindle
The purpose of this paper is to empirically determine the effects of political instability on economic growth. Using the system-GMM estimator for linear dynamic panel data models on a sample covering up to 169 countries, and 5-year periods from 1960 to 2004, we find that higher degrees of political instability are associated with lower growth rates of GDP per capita. Regarding the channels of transmission, we find that political instability adversely affects growth by lowering the rates of productivity growth and, to a smaller degree, physical and human capital accumulation. Finally, economic freedom and ethnic homogeneity are beneficial to growth, while democracy may have a small negative effect.
Author | : David Stasavage |
Publisher | : |
Total Pages | : 0 |
Release | : 2008 |
Genre | : |
ISBN | : |
Download Private Investment and Political Uncertainty Book in PDF, ePub and Kindle
Recent theoretical and empirical work has demonstrated a clear negative link between macroeconomic and political uncertainty and levels of private investment across countries. This result raises the question what institutions might help reduce this uncertainty, in particular by allowing host governments to limit their own possibilities to act opportunistically with respect to investors. Some have argued that governments might benefit from joining a multilateral investment agreement, but there remain doubts both about the enforceability and the desirability of such an accord. An alternative possibility, proposed in a seminal article by North and Weingast (1989), is that political institutions characterized by checks and balances can allow governments to credibly commit not to engage in ex post opportunism with respect to investors. In this paper I propose a modified version of this hypothesis and test it using new cross-country data on political institutions. I also use a quantile regression technique which allows the estimated effect of political institutions to vary across countries and over time.
Author | : Hilary Devine |
Publisher | : International Monetary Fund |
Total Pages | : 161 |
Release | : 2021-05-14 |
Genre | : Business & Economics |
ISBN | : 1513571567 |
Download Private Finance for Development Book in PDF, ePub and Kindle
The Covid-19 pandemic has aggravated the tension between large development needs in infrastructure and scarce public resources. To alleviate this tension and promote a strong and job-rich recovery from the crisis, Africa needs to mobilize more financing from and to the private sector.
Author | : David Stasavage |
Publisher | : |
Total Pages | : 0 |
Release | : 2004 |
Genre | : |
ISBN | : |
Download Private Investment and Political Institutions Book in PDF, ePub and Kindle
Recent research has demonstrated a negative link between macroeconomic and political uncertainty and levels of private investment across countries. This raises the question whether certain types of government institutions might help reduce this uncertainty. North and Weingast (1989) propose that political institutions characterized by checks and balances can have beneficial effects on investment by allowing governments to credibly commit not to engage in ex post opportunism with respect to investors. In this paper I develop and test a modified version of their hypothesis, suggesting that checks and balances, on average, improve possibilities for commitment, but that they are not a necessary condition for doing so. Results of heteroskedastic regression and quantile regression estimates strongly support this proposition.
Author | : Robert S. Pindyck |
Publisher | : World Bank Publications |
Total Pages | : 58 |
Release | : 1989 |
Genre | : Capital investments |
ISBN | : |
Download Irreversibility, Uncertainty, and Investment Book in PDF, ePub and Kindle
Irreversible investment is especially sensitive to such risk factors as volatile exchange rates and uncertainty about tariff structures and future cash flows. If the goal of macroeconomic policy is to stimulate investment, stability and credibility may be more important than tax incentives or interest rates.
Author | : Bruce Bueno de Mesquita |
Publisher | : Hoover Institution Press |
Total Pages | : 0 |
Release | : 2000 |
Genre | : Economic development |
ISBN | : 9780817943424 |
Download Political Instability as a Source of Growth Book in PDF, ePub and Kindle
Author | : Manal Fouad |
Publisher | : International Monetary Fund |
Total Pages | : 61 |
Release | : 2021-05-10 |
Genre | : Business & Economics |
ISBN | : 1513576569 |
Download Mastering the Risky Business of Public-Private Partnerships in Infrastructure Book in PDF, ePub and Kindle
Investment in infrastructure can be a driving force of the economic recovery in the aftermath of the COVID-19 pandemic in the context of shrinking fiscal space. Public-private partnerships (PPP) bring a promise of efficiency when carefully designed and managed, to avoid creating unnecessary fiscal risks. But fiscal illusions prevent an understanding the sources of fiscal risks, which arise in all infrastructure projects, and that in PPPs present specific characteristics that need to be addressed. PPP contracts are also affected by implicit fiscal risks when they are poorly designed, particularly when a government signs a PPP contract for a project with no financial sustainability. This paper reviews the advantages and inconveniences of PPPs, discusses the fiscal illusions affecting them, identifies a diversity of fiscal risks, and presents the essentials of PPP fiscal risk management.
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 30 |
Release | : 1990-04-01 |
Genre | : Business & Economics |
ISBN | : 1451977026 |
Download Private Investment in Developing Countries Book in PDF, ePub and Kindle
This paper analyzes the effects of several policy and other macro-economic variables on the ratio of private investment to GDP in developing countries. Using data for a sample of 23 developing countries over the period 1975-87, the econometric evidence indicates that the rate of private investment is positively related to the real growth rate of GDP, public sector investment, and to a lesser extent the level of per capita GDP, while it is negatively related to domestic inflation, the debt service ratio, the debt-to-GDP ratio, and high real interest rates. There is also some indication that all but the last of these variables had a greater impact before the onset of the debt crisis in 1982, while the debt-to-GDP ratio (a measure of a country’s debt overhang) has become more important since then.