Although recent research has repeatedly found a negative association between investment and political instability, the … such a causal and negative long-run relationship between political instability and investment. It finds that there is a … robust causal relationship from instability to investment, and that it is positive. In other words, an increase in political …

savings incentives and ameliorate the wealth constraints that impede investment by the poor. The second model is a growth …

that, contrary to what they profess, macroeconomic and political risk is not inhibiting the investment behavior of …

This Paper examines how the investment of financially constrained firms varies with their level of internal funds. We … develop a theoretical model of optimal investment under financial constraints. Our model endogenizes the costs of external … investment is U-shaped. In particular, when a firm’s internal funds are negative and sufficiently low, a further decrease leads …