Uncertainty about the current state and near-term outlook of an economy as well as the likely course of future policy actions can prompt economic agents to alter their decisions to spend, save, invest and hire. In this paper, we construct three alternative indices to measure the level of...

At the backdrop of expanding economies and in the race of attracting higher investments and enhancing exports, it becomes important to analyze the relationship between Foreign Direct Investment (FDI) and growth in terms of output of the economy. A number of studies have been conducted for...