Defence and Peace Economics · 2018 · 74 citations · 26 references
Public AffairsPublic FinancePublic PolicyInternational EconomicsInternational Political EconomyPublic InvestmentInvestment IncentivesInvestment PolicyPanel Data AnalysisPanel Data MethodsPolitical RiskGeopolitical RiskGovernment Investment PlanningPanel Data EstimationPanel Data Fixed EffectsPanel Data RegressionPublic Capital FormationPublic Investment RisksSovereign Risk
The paper examines the effects of geopolitical risks, measured by a new index for geopolitical risk, on general government investment (gross fixed capital formation). It uses panel data for 18 countries for the period from 1985 to 2015. Using panel fixed-effects and the corrected least squares dummy variable estimators, results indicate that geopolitical risks seem to exert a positive effect on government investment.
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The Next Generation of the Penn World Table
Robert C. Feenstra, Robert Inklaar, Marcel P. Timmer · American Economic Review · 2015 · 4.7K citations · Full text