Author : Ms.Helene Poirson Ward
Publisher : International Monetary Fund
Page : 32 pages
File Size : 55,5 Mb
Release : 1998-01-01
Category : Business & Economics
ISBN : 9781451842012
Economic Security, Private Investment, and Growth in Developing Countries by Ms.Helene Poirson Ward Pdf
This paper provides empirical support for the view that enhanced economic security fosters private investment and growth in developing countries. An analysis for 53 developing countries suggests that most aspects of economic security have improved since the mid-1980s; that private investment is mostly influenced by the risk of expropriation, the degree of civil liberty, and the degree of independence of the bureaucracy; and that economic growth is affected by the risk of expropriation and political terrorism in the short run, and by corruption and contract repudiation in the long run.