This paper analyses the fiscal effects of armed conflict and terrorism on low- and middle-income countries. An analysis … effects on tax revenues and investment. It also leads to higher government spending on defense, but this tends to be at the … estimates are consistent with the hypothesis that conflict and terrorism have a significant negative impact on growth through …

We analyze the impact of trade policy uncertainty on investment in the euro area. Our identification strategy assumes … respect to trade uncertainty. We find that the investment-to-GDP ratio is on average 0.8 percentage points lower for five … that countries that are relatively more dependent on global trade networks exhibit a higher sensitivity of investment with …

develop a macro-financial structural model with two novel features. First, we include idiosyncratic and aggregate risk in a …

uncertainty using options contracts. VAR analysis shows that the investment response to an uncertainty shock of average magnitude … alternative definitions for investment, uncertainty, and options' maturing time … prices' sharp decline and forecast uncertainty since the end of the commodity super-cycle has rekindled the debate on Chile …

irreversible investment are more exposed to policy uncertainty. In sectors with large irreversible investment EPU has a greater …Uncertainty over economic policy plays a key role in economic outcomes. But evidence and quantification for emerging … policy uncertainty (EPU) index for Turkey and assess how it affects Turkish firms. To disentangle the issues of endogeneity …

improved since the mid-1980s; that private investment is mostly influenced by the risk of expropriation, the degree of civil …This paper provides empirical support for the view that enhanced economic security fosters private investment and … liberty, and the degree of independence of the bureaucracy; and that economic growth is affected by the risk of expropriation …

We study the effects of permanent and temporary income shocks on precautionary saving and investment in a ""store … investment, or a ""volatility trap."" Namely, big savers invest relatively little. In contrast, low volatility of permanent … shocks leads to low precautionary saving and high or low investment, depending on the volatility of temporary shocks …

This paper provides an empirical analysis of how the frequency and severity of terrorism affect government revenue and … expenditure during the period 1970-2013 using a panel dataset on 153 countries. We find that terrorism has only a marginal … robust to alternative specifications and empirical strategies. On the other hand, we find strong evidence that terrorism is …