Uncertainty, Investment and Economic Growth: Evidence from a Dynamic Panel

  title={Uncertainty, Investment and Economic Growth: Evidence from a Dynamic Panel},
  author={Dimitrios Asteriou and Simon Price},
This paper studies the interactions between uncertainty, investment and economic growth. Utilising panel data for a sample of 59 industrial and developing countries between 1966 and 1992, we estimate reduced form equations to explore the possible e®ects of uncertainty on economic growth and investments. Uncertainty reduces both investment and growth. 

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