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Uncertainty, Investment and Economic Growth: Evidence from a Dynamic Panel

Dimitrios Asteriou () and Simon Price ()

Review of Development Economics, 2005, vol. 9, issue 2, 277-288

Abstract: This paper studies the interactions between uncertainty, investment and economic growth. Utilizing panel data for a sample of 59 industrial and developing countries between 1966 and 1992, we estimate reduced form equations to explore the possible effects of uncertainty on economic growth and investments. Uncertainty reduces both investment and growth. Copyright Blackwell Publishing Ltd 2005.

Date: 2005
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