Firms' investment decisions in fragile states.


Extensive literature searches validate the overall finding that there is a gap in empirical evidence both in terms of research on domestic investment behaviour of firms in developing countries and particularly those in conflict-affected states.

A list of papers along with their web links and abstracts (where available for the paper) are outlined in Annex 1. The papers are organised under six headings:
1. Papers on capital flight/portfolio choice/uncertainty/volatility and investment/household savings behaviour
2. Specific country analyses of domestic investment
3. Impact of political instability on private investment
4. Economic costs/consequences of conflict
5. Foreign and domestic investment
6. World Bank Investment Climate surveys and Doing Business research


Hayes, J. Firms’ investment decisions in fragile states. EPS-PEAKS, UK (2012) 15 pp.

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