Using firm-level data for 18 major global economies, we find that the exchange rate affects corpo-rate investment … through a financial channel: exchange rate depreciation dampens corporate invest-ment through firm leverage and FX debt. These … findings are consistent with the predictions of a stylised model of credit risk in which exchange rates can affect investment …

We model the effect of democracy on North-South bilateral foreign direct investment (FDI), and test its impact in a …

Investment growth in emerging market and developing economies has slowed sharply since 2010. This paper presents a … comprehensive analysis of the causes and implications of this slowdown and presents a menu of policy responses to improve investment …, declining foreign direct investment inflows, elevated private debt burdens, heightened political risk, and adverse spillovers …

Investment growth in emerging market and developing economies has slowed sharply since 2010. This paper presents a … comprehensive analysis of the causes and implications of this slowdown and presents a menu of policy responses to improve investment …, declining foreign direct investment inflows, elevated private debt burdens, heightened political risk, and adverse spillovers …

This paper analyzes the growth impact of public and private investment shocks based on a large sample of emerging and … developing countries over the period 1980-2021 with a particular focus on the Asian region. We develop new measures of investment … shocks based on cyclically adjusted investment data. Estimations using local projections suggest that public investment …

financing constraints of R&D investment or not. Finally, the paper further investigates the interaction of financial development … and firm characteristics (including firm size, ownership nature and establishment time) on the impact of R&D investment …. The results show that the degree of financing constraint is negatively correlated with R&D investment. Both the …

Does official aid pave the road for private foreign investment or does it suffocate private initiative by diverting … marginal effect of aid on private foreign investment is close to zero. Surprisingly, however, the effect is strictly positive …

This paper uses a composite measure to examine why some countries attract more foreign direct investment (FDI) than …