irreversible investment are more exposed to policy uncertainty. In sectors with large irreversible investment EPU has a greater … effect on growth, investment, and leverage. The results are robust to different definitions of investment irreversibility …

In this paper I apply firm-level analysis to examine how the Brexit process has affected business investment in the UK … had a considerable and statistically significant negative impact on firm investment in the UK after the referendum. At the … same time, the post-referendum sterling depreciation has likely contributed positively to investment expenditure by more …

Panel data on Ghanaian manufacturing firms are used to test predictions from models of irreversible investment under …, higher uncertainty raises the hurdle level that triggers investment, and uncertainty has a negative effect on investment … levels that is greater for firms with more irreversible investment …

in terms of identifying risks that are often overlooked before turining to the optimal risk-sharing between the public … and private partners, in particular with respect to information asymmetries in risk perceptions. This allows us to propose …

South Asia needs large infrastructure investments to achieve its development goals, and public investment can also … support the Covid-19 recovery. Regression estimates that account for the quantity and quality of investment suggest that … choice also depends on available fiscal space, taxation capacity, implementation risks, and public investment efficiency. To …

This paper examines trends in infrastructure investment and its financing in low-income developing countries (LIDCs …). Following an acceleration of public investment over the last 15 years, the stock of infrastructure assets increased in LIDCs …