IDEAS home Printed from https://ideas.repec.org/a/taf/apeclt/v16y2009i6p567-571.html
   My bibliography  Save this article

Macroeconomic uncertainty and private investment in Argentina, Mexico and Turkey

Author

Listed:
  • Firat Demir

Abstract

This article by using micro-level data analyses the impacts of macroeconomic uncertainty and country risk on real investment under financial liberalization. The results suggest that increasing macroeconomic volatility and country risk hurt fixed investment spending of real sector firms.

Suggested Citation

  • Firat Demir, 2009. "Macroeconomic uncertainty and private investment in Argentina, Mexico and Turkey," Applied Economics Letters, Taylor & Francis Journals, vol. 16(6), pages 567-571.
  • Handle: RePEc:taf:apeclt:v:16:y:2009:i:6:p:567-571
    DOI: 10.1080/13504850701206528
    as

    Download full text from publisher

    File URL: http://www.informaworld.com/openurl?genre=article&doi=10.1080/13504850701206528&magic=repec&7C&7C8674ECAB8BB840C6AD35DC6213A474B5
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Aizenman, Joshua & Marion, Nancy, 1999. "Volatility and Investment: Interpreting Evidence from Developing Countries," Economica, London School of Economics and Political Science, vol. 66(262), pages 157-179, May.
    2. Arellano, Manuel & Bover, Olympia, 1995. "Another look at the instrumental variable estimation of error-components models," Journal of Econometrics, Elsevier, vol. 68(1), pages 29-51, July.
    3. Joseph Dejuan & Simon Gurr, 2004. "On the link between volatility and growth: evidence from Canadian Provinces," Applied Economics Letters, Taylor & Francis Journals, vol. 11(5), pages 279-282.
    4. Ferderer, J Peter, 1993. "The Impact of Uncertainty on Aggregate Investment Spending: An Empirical Analysis," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 25(1), pages 30-48, February.
    5. Alberto Gabriele & Korkut Boratav & Ashok Parikh, 2007. "Instability and Volatility of Capital Flows to Developing Countries," World Scientific Book Chapters, in: Trade Liberalisation Impact on Growth and Trade in Developing Countries, chapter 10, pages 273-305, World Scientific Publishing Co. Pte. Ltd..
    6. Feder, Gershon & Ross, Knud Z, 1982. " Risk Assessments and Risk Premiums in the Eurodollar Market," Journal of Finance, American Finance Association, vol. 37(3), pages 679-691, June.
    7. Sebastian Schich & Florian Pelgrin, 2002. "Financial development and investment: panel data evidence for OECD countries from 1970 to 1997," Applied Economics Letters, Taylor & Francis Journals, vol. 9(1), pages 1-7.
    8. Jaime Ros & Nora Claudia Lustig, 2000. "Trade and Financial Liberalization with Volatile Capital Inflows: Macroeconomic Consequences and Social Impacts in Mexico during the 1990s," SCEPA working paper series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization. 2000-08, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Pelin Öge Güney, 2019. "Macroeconomic Uncertainty and Investment Relationship for Turkey," Working Papers 1332, Economic Research Forum, revised 21 Aug 2019.
    2. Martin Ruzima & Micheal Kofi Boachie, 2018. "Exchange rate uncertainty and private investment in BRICS economies," Asia-Pacific Journal of Regional Science, Springer, vol. 2(1), pages 65-77, April.
    3. Cavallo, Eduardo & Galindo, Arturo & Izquierdo, Alejandro & León, John Jairo, 2013. "The role of relative price volatility in the efficiency of investment allocation," Journal of International Money and Finance, Elsevier, vol. 33(C), pages 1-18.
    4. Mohey-ud-din, Ghulam & Siddiqi, Muhammad Wasif, 2013. "GDP Fluctuations and Private Investment: A Macro Panel Analysis of Selected South Asian Countries," MPRA Paper 60231, University Library of Munich, Germany, revised 15 Jun 2014.
    5. repec:asi:ajoerj:2013:p:633-653 is not listed on IDEAS
    6. Martin Melecky & Mark Roberts & Siddharth Sharma, 2019. "The wider economic benefits of transport corridors: a policy framework and illustrative application to the China-Pakistan Economic Corridor," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 12(1), pages 17-44.
    7. Ibrahim, Mansor H. & Ahmed, Huson Joher Ali, 2014. "Permanent and transitory oil volatility and aggregate investment in Malaysia," Energy Policy, Elsevier, vol. 67(C), pages 552-563.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:apeclt:v:16:y:2009:i:6:p:567-571. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Longhurst). General contact details of provider: http://www.tandfonline.com/RAEL20 .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.