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 6 headings:
- Papers on capital flight/portfolio choice/uncertainty/volatility and investment/household savings behaviour
- Specific country analyses of domestic investment
- Impact of political instability on private investment
- Economic costs/consequences of conflict
- Foreign and domestic investment
- World Bank Investment Climate surveys and Doing Business research
Hayes, J. Firms’ investment decisions in fragile states. EPS-PEAKS, UK (2012) 15 pp.