The principal contribution of this paper is to investigate the relationship between policy uncertainty, caused by recent developments in international markets, and firms’ trade margins for the largest economy in Africa: South Africa. In particular...
This paper uses firm-level data and a news-based measure of economic policy uncertainty to provide empirical evidence that economic policy uncertainty has a negative impact on firm-level investment in South Africa. Firms’ investment decisions in...
Extractive industries are spread across mining of metal and minerals, oil and gas, among others. Multinationals in these sectors are confronted with different challenges ranging from corruption, political risk, economic uncertainty, sunk costs, and...
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