Economic Growth with ‘ Incredible ’ Rules Evidence from a World Wide Private Sector Survey 1

@inproceedings{Brunetti1997EconomicGW,
  title={Economic Growth with ‘ Incredible ’ Rules Evidence from a World Wide Private Sector Survey 1},
  author={Aymo Brunetti and Gregory Kisunko and Beatrice Weder},
  year={1997}
}
This paper presents new evidence on the link between political uncertainty, investment, and growth. It contains first results from ongoing research based on a world wide survey of the private sector. An indicator of the credibility of laws, regulations and policies is constructed from the survey data. Cross country regression analysis suggests that this indicator is closely associated with both growth and investment and that this relation is reasonably robust to variations in the sample and to… CONTINUE READING

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