Investment and Instability
dc.contributor.author | Campos, Nauro F. | en_US |
dc.contributor.author | Nugent, Jeffrey B. | en_US |
dc.date.accessioned | 2006-08-01T15:58:31Z | |
dc.date.available | 2006-08-01T15:58:31Z | |
dc.date.issued | 2000-05-01 | en_US |
dc.identifier.other | RePEc:wdi:papers:2000-337 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/39721 | en_US |
dc.description.abstract | Although recent research has repeatedly found a negative association between investment and political instability, the existence and direction of causality between these two variables has not yet been investigated. This paper empirically tests for a causal and negative long-run relationship between political instability to investment. It finds that there is a robust causal relation from instability to investment, and that it is positive. In other words, an increase in political instability Granger causes an increase in investment. We identify three different theories that can explain this result. | en_US |
dc.format.extent | 95597 bytes | |
dc.format.extent | 3151 bytes | |
dc.format.extent | 237249 bytes | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | application/pdf | |
dc.language.iso | en_US | en_US |
dc.relation.ispartofseries | 337 | en_US |
dc.subject | Political Instability, Aggragate Investment, Granger Causality | en_US |
dc.subject.other | O40, E23, D72 | en_US |
dc.title | Investment and Instability | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/39721/3/wp337.pdf | en_US |
dc.owningcollname | William Davidson Institute (WDI) - Working Papers |
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