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Cited by 349

The DOI matches its Crossref record; 32 of the 32 references it cites were found in a registry or an index.

Volatility and Investment: Interpreting Evidence from Developing Countries

Aizenman, Joshua, Marion, Nancy·1999·Economica
DOI 10.1111/1468-0335.00163
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Abstract

We uncover a significant negative correlation between various volatility measures and private investment in developing countries, even when adding the standard control variables. No such correlation is uncovered when the investment measure is the sum of private and public investment spending. Indeed, public investment spending is positively correlated with some measures of volatility. These findings suggest that the detrimental impact of volatility on investment may be easier to detect using disaggregated data. We provide several possible interpretations for our findings. Nonlinearities in preferences or budget constraints can cause volatility to have first‐order negative effects on private investment.

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Metadata

Authors
Aizenman, J., & Marion, N.
Venue
Economica
Publisher
Wiley
Published
1999-05
Volume
66
Issue
262
Pages
157-1179
ISSN
  • 0013-0427 (ISSN-L)
  • 1468-0335
DOI
10.1111/1468-0335.00163
OpenAlex
W2014459263
Cited by
349
References
32
FWCI
37.70
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Volatility and Investment: Interpreting Evidence from Developing Countries. https://app.cochat.ai/papers/10.1111/1468-0335.00163
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Aizenman, J., & Marion, N. (1999). Volatility and Investment: Interpreting Evidence from Developing Countries. Economica. https://doi.org/10.1111/1468-0335.00163

Data sources

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.