This study uncovers a statistically significant negative correlation between volatility and private investment over the … number of different measures, volatility reduces private investment in developing countries. We then show that the …

This study uncovers a statistically significant negative correlation between volatility and private investment over the … number of different measures, volatility reduces private investment in developing countries. We then show that the …

macroeconomic stability, political support, and adequate private investment. Macroeconomic stability is defined as fiscal balance …; political feasibility is related to the income gains and losses of different population groups; and private investment is linked … to public “infrastructure” investment. The analysis illustrates that attainment of the multiple requirements for …

shown to depend on the relative strength of "investment creation" and "intermediation diversion" effects"--National Bureau …