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- W2303016035 abstract "Empirical evidence of the impact of policy uncertainty on aggregate investment is mixed. However, if the relationship between policy uncertainty and investment performance is nonlinear, linear regression exercises might not capture the effect of policy uncertainty. In this paper, I present a simple model with investment irreversibility which shows that, in the presence of legal constraints on investment in foreign assets, domestic real investment performance is poorer when liberalization reforms are only partially incredible." @default.
- W2303016035 created "2016-06-24" @default.
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- W2303016035 date "2006-07-01" @default.
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- W2303016035 title "Credibility, Irreversibility of Investment, and Liberalization Reforms in LDCs" @default.
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- W2303016035 doi "https://doi.org/10.1111/j.1468-0300.2006.00165.x" @default.
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