Political conflict triggers decline in investment – study
Bank of Spain paper examines impact of polarisation and gridlock on major economies
Rising political conflict has been followed by a fall in investment across seven advanced economies, according to a new study by the Bank of Spain.
In their paper, published on October 7, the authors – Marina Diakonova, Julia Estefania-Flores, Corinna Ghirelli, Ana Peñalosa, Javier Pérez and Aitana Simó – use national newspaper coverage of ideological division and legislative deadlock to build separate indexes of each. They then track the response of investment to changes in both phenomena across
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