This paper investigates the state of low investment in Afghanistan by studying how investment decisions interact with risks and uncertainty in the presence of underdeveloped financial markets. The analysis shows that investing firms experience a higher probability of being affected by events related to crime and corruption and spend more on security arrangements. Firms that participate in the formal financial sector are also subject to higher levels...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2018/05/15
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Рабочий документ в рамках исследования вопросов политики
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WPS8443
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1
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1
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2018/05/15
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Disclosed
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Investment under risks and uncertainty in Afghanistan
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gross fixed capital formation