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

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  • Dimitrios Asteriou
  • Simon Price

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.

Suggested Citation

  • Dimitrios Asteriou & Simon Price, 2005. "“Uncertainty, Investment and Economic Growth: Evidence from a Dynamic Panel”," Review of Development Economics, Wiley Blackwell, vol. 9(2), pages 277-288, May.
    • Handle: RePEc:bla:rdevec:v:9:y:2005:i:2:p:277-288
    DOI: 10.1111/j.1467-9361.2005.00276.x
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    References listed on IDEAS

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    7. Manuel Arellano & Stephen Bond, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 277-297.
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