Political and economic determinants of p
โ
Quan V. Le
๐
Article
๐
2004
๐
John Wiley and Sons
๐
English
โ 142 KB
## Abstract This paper presents empirical evidence that links private investment to rate of return differential, risk aversion, and several types of political and economic risk. Estimating private investment equation for a panel of 25 developing countries over 21 years yields the following results: