Does inflation uncertainty hurt domestic investment? Empirical evidence from Ghana

References

• Abel, A. (1983). Optimal investment under uncertainty. American Economic Review, 73(1), 228–17. https://www.jstor.org/stable/1803942
   Web of Science ®Google Scholar
• Afful, S., & Kamasa, K. (2020). Interest rate and its threshold effect on private investment: Evidence from Ghana. African Journal of Economic Review, 8(2), 1–16.
   Google Scholar
• Aizenman, J., & Marion, N. (1999). Volatility and investment: Interpreting evidence from developing countries. Economica, 66(262), 157–1179. https://doi.org/10.1111/1468-0335.00163
   Web of Science ®Google Scholar
• Akbar, M. (2021). Effects of inflation uncertainty and exchange rate volatility on money demand in Pakistan: Bayesian econometric analysis. International Journal of Finance and Economics. Advance online publication https://doi.org/10.1002/ijfe.2488.
   Google Scholar
• Altig, D., Baker, S., Maria, J., Bloom, N., Bunn, P., Chen, S., Davis, S. J., Leather, J., Meyer, B., Mihaylov, E., Mizen, P., Parker, N., Renault, T., Smietanka, P., & Thwaites, G. (2020). Economic uncertainty before and during the COVID-19 pandemic. Journal of Public Economics, 191(104274), 1–14. https://doi.org/10.1016/j.jpubeco.2020.104274
   Google Scholar
• Aryeetey, E. (1994). Private investment under uncertainty in Ghana. World Development, 22(8), 1211–1221. https://doi.org/10.1016/0305-750X(94)90087-6
   Web of Science ®Google Scholar
• Aryeetey, E., & Kanbur, R. (2017). The economy of Ghana sixty years after Independence (1st ed.). Oxford University Press.
   Google Scholar
• Baddeley, M. C. (2003). Investment theories and analysis (3rd ed.). Palgrave Macmillan.
   Google Scholar
• Baniasadi, M., & Mohseni, R. (2017). Impact of inflation uncertainty on agricultural investment in Iran. Journal of Agricultural Economics Research, 9(2), 37–55.
   Google Scholar
• Bekoe, W., & Adom, P. K. (2013). Macroeconomic uncertainty and private investment in Ghana: An empirical investigation. International Journal of Economics and Financial Issues, 3(2), 276–293. https://www.econjournals.com/index.php/ijefi/article/view/394
   Google Scholar
• Bowdler, C., & Malik, A. (2005). Openness and inflation volatility: Cross-country evidence. Economics Papers 2005-W14, Economics Group, Nuffield College, University of Oxford.
   Google Scholar
• Boyle, G. W., & Guthrie, G. A. (2003). Investment, uncertainty, and liquidity. The Journal of Finance, 58(5), 2143–2166. https://doi.org/10.1111/1540-6261.00600
   Web of Science ®Google Scholar
• Byrne, J. P., & Davis, E. P. (2004). Permanent and temporary inflation uncertainty and investment in the United States. Economics Letters, 85(2), 271–277. https://doi.org/10.1016/j.econlet.2004.04.015
   Web of Science ®Google Scholar
• Caporale, M., Onorante, L., & Paesani, P. (2010). Inflation and inflation uncertainty in the Euro Area. European Central Bank Working Paper, No. 1229. Frankfurt am Main, Germany. https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1229.pdf
   Google Scholar
• Dai, P. F., Xiong, X., Liu, Z., Huynh, T. L. D., & Sun, J. (2021). Preventing crash in stock market: The role of economic policy uncertainty during COVID-19. Financial Innovation, 7(1), 1–15. https://doi.org/10.1186/s40854-021-00248-y
   Web of Science ®Google Scholar
• Dixit, A. K., & Pindyck, R. S. (1994). Investment under uncertainty. Princeton University Press.
   Google Scholar
• Dotsey, M., & Sarte, P. D. (2000). Inflation uncertainty and growth in a cash-in advance economy. Journal of Monetary Economics, 45(3), 631–655. https://doi.org/10.1016/S0304-3932(00)00005-2
   Web of Science ®Google Scholar
• Eshun, M. E., Adu, G., & Buabeng, E. (2014). The financial determinants of private investment in Ghana. MPRA Paper No. 57570, University Library of Munich, Germany
   Google Scholar
• Ferderer, P. J. (1993). The impact of uncertainty on aggregate investment spending : An empirical analysis. Journal of Money, Credit and Banking, 25(1), 30–48. https://doi.org/10.2307/2077818
   Web of Science ®Google Scholar
• Fiestas, I., & Sinha, S. (2011). Constraints to private investment in the poorest developing countries - A review of the literature. Nathan Associates London Ltd.
   Google Scholar
• Fischer, G. (2013). Investment choice and inflation uncertainty. In Research papers in economics. London, UK: The London school of economics and political science. http://eprints.lse.ac.uk/id/eprint/54259
   Google Scholar
• Government of Ghana. (2019). Ghana Beyond aid: Charter and srategy document.
   Google Scholar
• Ha, J., Ivanova, A., Ohnsorge, F., & Unsal, F. (2019). Inflation: Concepts, evolution, and correlates. World Bank Policy Research Working Paper, 8738. Washington DC.
   Google Scholar
• Hossain, A. A., & Arwatchanakarn, P. (2016). Inflation and inflation volatility in Thailand. Applied Economics, 48(30), 2792–2806. https://doi.org/10.1080/00036846.2015.1130215
   Web of Science ®Google Scholar
• Huq, M., & Tribe, M. (2018). The economy of Ghana: 50 years of economic development (2nd ed.). Palgrave Macmillan UK.
   Google Scholar
• Ibrahim, S. B. (2000). Modelling the determinants of private investment in Ghana. African Finance Journal, 2(2), 15–39. https://hdl.handle.net/10520/EJC33782
   Google Scholar
• Iyke, B. N., & Ho, S. Y. (2019). Inflation, inflation uncertainty, and growth: Evidence from Ghana. Contemporary Economics, 13(2), 123–136. https://doi.org/10.5709/ce.1897-9254.303
   Web of Science ®Google Scholar
• Iyke, B. N., & Ho, S. Y. (2020). The effects of transitory and permanent inflation uncertainty on investment in Ghana. Economic Change and Restructuring, 53(1), 195–217. https://doi.org/10.1007/s10644-019-09252-w
   Web of Science ®Google Scholar
• Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16(3), 289–326. https://doi.org/10.1002/jae.616
   Web of Science ®Google Scholar
• Rother, P. C. (2004). Fiscal policy and inflation volatility. European Central Bank Working Paper No. 317. Frankfurt am Main, Germany.
   Google Scholar
• Shear, F., Ashraf, B. N., & Sadaqat, M. (2021). Are investors’ attention and uncertainty aversion the risk factors for stock markets? International evidence from the covid-19 crisis. Risks, 9(1), 1–15. https://doi.org/10.3390/risks9010002
   Web of Science ®Google Scholar
• Shrestha, M. B., & Bhatta, G. R. (2018). Selecting appropriate methodological framework for time series data analysis. The Journal of Finance and Data Science, 4(2), 71–89. https://doi.org/10.1016/j.jfds.2017.11.001
   Google Scholar
• United Nations Economic Commission for Africa. (2020). Economic report on Africa 2020: Innovative finance for private sector development development in Africa.
   Google Scholar
• World Bank. (2017). Creating markets in Ghana: Country private sector diagnostic.
   Google Scholar
• World Bank. (2018). Third Ghana economic update: Agriculture as an engine of growth and jobs creation.
   Google Scholar