{
  "title": "Economic Security, Private Investment, and Growth in Developing Countries",
  "publication": "IMF Working Papers, January 1, 1998",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/30/economic-security-private-investment-and-growth-in-developing-countries-2456",
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  "summary": "This paper provides empirical support for the view that enhanced economic security fosters private investment and growth in developing countries.",
  "sections": [
    {
      "heading": "Summary / Main conclusion",
      "content": "- Enhanced economic security fosters private investment and growth in developing countries.\n- Analysis covers 53 developing countries.\n- Most aspects of economic security have improved since the mid-1980s."
    },
    {
      "heading": "Empirical findings on private investment",
      "content": "- Private investment is mostly influenced by:\n  - the risk of expropriation\n  - the degree of civil liberty\n  - the degree of independence of the bureaucracy"
    },
    {
      "heading": "Empirical findings on economic growth",
      "content": "- Short-run determinants:\n  - the risk of expropriation\n  - political terrorism\n- Long-run determinants:\n  - corruption\n  - contract repudiation"
    },
    {
      "heading": "Thematic implications",
      "content": "- Improvements in economic security are associated with higher private investment and growth outcomes.\n- Different components of economic security matter for investment versus growth, and their effects differ by time horizon (short run versus long run)."
    },
    {
      "heading": "Key statistics and scope",
      "content": "- Sample: 53 developing countries.\n- Timeframe referenced for trend: since the mid-1980s.\n\nHélène Poirson, \"Economic Security, Private Investment, and Growth in Developing Countries\", IMF Working Paper, January 1, 1998.\n\n---\n\n Content in this bundle\n\n- Economic Security, Private Investment, and Growth in Developing Countries - WP/98/4\n  - Economic Security, Private Investment, and Growth in Developing Countries - WP/98/4 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Economic Security, Private Investment, and Growth in Developing Countries - WP/98/4 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/30/economic-security-private-investment-and-growth-in-developing-countries-2456"
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    "Authors: Hélène Poirson",
    "Published: January 1, 1998",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451842012.001",
    "Enhanced economic security fosters private investment and growth in developing countries.",
    "Analysis covers 53 developing countries.",
    "Most aspects of economic security have improved since the mid-1980s.",
    "Private investment is mostly influenced by:",
    "Short-run determinants:",
    "Long-run determinants:",
    "Improvements in economic security are associated with higher private investment and growth outcomes.",
    "Different components of economic security matter for investment versus growth, and their effects differ by time horizon (short run versus long run).",
    "Sample: 53 developing countries.",
    "Timeframe referenced for trend: since the mid-1980s.",
    "**Economic Security, Private Investment, and Growth in Developing Countries - WP/98/4**"
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