Firms' investment decisions in fragile states

Abstract

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