Does uncertainty affect economic growth? An empirical analysis

Weltwirtschaftliches Archiv

Volumn 135, Issue 3, 1999, Pages 379-396

  Lensink, Robert ^a   Bo, Hong ^a   Sterken, Elmer ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 21144458460     PISSN: 00432636     EISSN: None     Source Type: Journal    
DOI: 10.1007/bf02707331     Document Type: Article

References (26)

1. Abel, A. B. (1983). Optimal Investment under Uncertainty. American Economic Review 73 (1): 228-233.
2. Abel, A. B., and J. C. Eberly (1994). A Unified Model of Investment under Uncertainty. American Economic Review 84 (5): 1369-1384.
3. Aizenman, J., and N. P. Marion (1993). Macroeconomic Uncertainty and Private Investment. Economics Letters 41 (2): 207-210.
4. Arrow, K. J. (1968). Optimal Capital Policy with Irreversible Investment. In J. N. Wolfe (ed.), Value, Capital and Growth, Essays in Honour of Sir John Hicks. Edinburgh: Edinburgh University Press.
5. Barro, R. J. (1991). Economic Growth in a Cross-section of Countries. Quarterly Journal of Economics 106 (2): 407-443.
6. Barro, R. J., and J. W. Lee (1994). Data Set for a Panel of 138 Countries. NBER internet site.
7. Barro, R. J., and X. Sala-i-Martin (1991). Convergence Across States and Regions. Brookings Papers on Economic Activity (1): 107-158.
8. - (1995). Economic-Growth. New York: McGraw-Hill.
9. Bernanke, B. S. (1983). Irreversibility, Uncertainty and Cyclical Investment. Quarterly Journal of Economics 98 (1) 85-106.
10. Bo, H., and E. Sterken (1999). Volatility of the Interest Rate and Corporate Investment: Dutch Evidence. Manuscript, Faculty of Economics, University of Groningen.
11. Brunetti, A., and B. Weder (1998). Investment and Institutional Uncertainty: A Comparative Study of Different Uncertainty Measures. Weltwirtschaftliches Archiv 134 (3): 513-533.
12. Burnside, C., and D. Dollar (1996). Aid, Policies and Growth. World Bank. Washington, D. C., mimeo.
13. Caballero, R. J. (1991). On the Sign of the Investment-Uncertainty Relationship. American Economic Review 81 (1): 279-288.
14. Dixit, A. K., and R. S. Pindyck (1994). Investment under uncertainty. Princeton, N. J.: Princeton University Press.
15. Ghosal, V. (1995). Input Choices under Price Uncertainty. Economic Inquiry 33 (1) 142-158.
16. Ghosal, V., and P. Loungani (1997). The Differential Impact of Uncertainty on Investment in Small and Large Businesses. Manuscript.
17. King, R. G., and R. Levine (1993). Finance and Growth: Schumpeter Might Be Right. Quarterly Journal of Economics 108 (3): 717-737.
18. Leahy, J., and T. M. Whited (1996). The Effects of Uncertainty on Investment: Some Stylized Facts. Journal of Money, Credit, and Banking 28 (1): 64-83.
19. Levine, R., and D. Renelt (1992). A Sensitivity Analysis of Cross-country Growth regressions. American Economic Review 82 (4): 942-963.
20. Lucas, R. E., and E. C. Prescott (1971). Investment under Uncertainty. Econometrica 39 (5): 659-681.
21. Peeters, M. (1997). Does Demand and Price Uncertainty Affect Belgian and Spanish Corporate Investment? DNB-Staff Reports 13. Amsterdam.
22. Roubini, N., and X. Sala-i-Martin (1992). Financial Repression and Economic Growth. Journal of Development Economics 39 (1): 5-30.
23. Sachs, J. D., and A. M. Warner (1997). Fundamental Sources of Long-Run Growth. American Economic Review 87 (2): 184-188.
24. Sala-i-Martin, X. (1997a). I just Ran Two Million Regressions. American Economic Review 87 (2): 178-183.
25. - (1997b). I just Ran Four Million Regressions. Columbia University and Universitat Pompeu Fabra, unpublished manuscript.
26. World Bank (1997). World Economic Indicators 1997, available on CD-ROM.