How Do Geopolitical Risks Affect Government Investment? An Empirical Investigation
DEFENCE AND PEACE ECONOMICS, cilt.31, sa.5, ss.550-564, 2020 (SSCI, Scopus)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 31 Sayı: 5
- Basım Tarihi: 2020
- Doi Numarası: 10.1080/10242694.2018.1513620
- Dergi Adı: DEFENCE AND PEACE ECONOMICS
- Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus, Academic Search Premier, International Bibliography of Social Sciences, ABI/INFORM, Business Source Elite, Business Source Premier, EconLit, Index Islamicus, Political Science Complete, Public Affairs Index
- Sayfa Sayıları: ss.550-564
- İstanbul Üniversitesi Adresli: Evet
Özet
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.